Finland GDP Growth Rate QoQ
While services account for 65% of the Finnish economy, manufacturing, particularly in the wood, metals, engineering, telecommunications, and electronics industries, is a critical sector. Among the expenditure of the GDP, household consumption which accounts for 55% of the total is the main component, following by government spending which accounts for 25% of the total, and gross fixed capital formation which accounts for the remaining 20% of the total. Exports of products and services account for 38% of GDP, while imports account for 39%, a 1% discrepancy between the two figures.
A higher than expected figure should be seen as positive (bullish) for the EUR while a lower than expected figure should be seen as negative (bearish) for the EUR.
Forex Sentiment (EUR)
| Symbol | Community Trend (Shorts vs Longs) | Symbol Popularity | Avg. Short Price / Distance From Price | Avg. Long Price / Distance From Price | Current Price | |
|---|---|---|---|---|---|---|
| EURUSD |
|
|
1.0675 -23 pips |
1.0793 -95 pips |
1.06977 | |
| EURAUD |
|
|
1.6261 -113 pips |
1.6459 -85 pips |
1.63736 | |
| EURJPY |
|
|
161.6549 -722 pips |
164.9531 +392 pips |
168.877 | |
| EURCAD |
|
|
1.4517 -100 pips |
1.4664 -47 pips |
1.46173 | |
| EURCHF |
|
|
0.9628 -148 pips |
0.9878 -102 pips |
0.97757 | |
| EURCZK |
|
|
25.3748 +2117 pips |
0 +251631 pips |
25.16310 | |
| EURGBP |
|
|
0.8561 -2 pips |
0.8602 -39 pips |
0.85633 | |
| EURHUF |
|
|
388.8500 -316 pips |
393.0719 -106 pips |
392.01 | |
| EURNOK |
|
|
10.9878 -8046 pips |
11.7910 +14 pips |
11.7924 | |
| EURNZD |
|
|
1.7790 -211 pips |
1.8050 -49 pips |
1.80007 |
News (EUR)
German Consumer Sentiment To Hit 2-Year High In May
Germany's consumer confidence is set to rise again in May to hit a two-year high as households turned more optimistic about future income, adding to the list of positive indicators that suggests the biggest euro area economy is likely to undergo a very shallow recession. The forward-looking consumer sentiment index rose to -24.2 in May from a revised value of -27.3 in April.
RTTNews | 1 day ago
German Ifo Business Confidence Near 1-Year High
Germany's business sentiment strengthened for the third straight month to a near one-year high in April on a notable improvement in confidence among service providers. The business confidence index climbed to 89.4 in April from a revised 87.9 in March, monthly survey results from the ifo Institute showed on Wednesday. This was the highest score since May 2023, when the reading was 91.4.
RTTNews | 2 days ago
Eurozone Private Sector Growth Strongest In Almost A Year
The euro area private sector expanded the most in nearly a year in April as the continuing downturn in the manufacturing activity was offset the strength in the service sector, flash survey results from S&P Global showed on Tuesday. The composite output index registered 51.4 in April, up from 50.3 in March. The reading stayed above economists' forecast of 50.8.
RTTNews | 3 days ago
