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Greece GDP Growth Rate QoQ
Being one of the world's most popular tourist destinations, Greece boasts a service-based economy. Following Greece's entrance into the European Union in 1980 and later admission in the Euro Area in 2000, the country's economy has experienced rapid growth. However, as this boom had been fueled mostly by the availability of low-cost borrowing and the expansion of the public sector, the budget deficit and sovereign debt reached unsustainable levels in 2008. As a result, Greece is experiencing its worst economic crisis since 1974, and significant measures mandated by the IMF and the European Commission as part of the bailout program are being implemented.
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 |
|
|
1.1352 -422 pips |
1.1570 +204 pips |
1.17738 | |
| EURAUD |
|
|
1.7306 -646 pips |
1.7941 +11 pips |
1.79523 | |
| EURJPY |
|
|
164.9001 -506 pips |
168.8823 +107 pips |
169.956 | |
| EURCAD |
|
|
1.5665 -334 pips |
1.5987 +12 pips |
1.59995 | |
| EURCHF |
|
|
0.9358 +13 pips |
0.9501 -156 pips |
0.93455 | |
| EURCZK |
|
|
24.6901 +437 pips |
0 +246464 pips |
24.64643 | |
| EURGBP |
|
|
0.8539 -91 pips |
0.8617 +13 pips |
0.86298 | |
| EURHUF |
|
|
397.9672 -50 pips |
405.3240 -686 pips |
398.47 | |
| EURNOK |
|
|
11.4018 -4455 pips |
11.8195 +278 pips |
11.8473 | |
| EURNZD |
|
|
1.8774 -644 pips |
1.9370 +48 pips |
1.94178 |
News (EUR)
Eurozone Private Sector Expands More Than Estimated
The euro area private sector expanded more than previously estimated in June as both manufacturing and services sectors registered higher output, final survey results from S&P Global showed on Thursday. The HCOB final composite output index advanced to 50.6 in June from 50.2 in May. The reading was well above the flash estimate of 50.2.
RTTNews | 1 day ago
German Unemployment Climbs Less Than Expected In June
Joblessness in Germany rose in June but at a slower than expected pace, official figures revealed on Tuesday, as activity in the biggest economy in the euro area remains sluggish.
RTTNews | 2 days ago
Eurozone Inflation Hits ECB Target
Euro area inflation rose slightly to hit the European Central Bank's 2 percent target in June on slower fall in energy prices and the rise in services inflation, flash estimate from Eurostat showed on Tuesday. Annual inflation climbed to 2.0 percent in June from 1.9 percent in May. The rate reached the inflation target and also matched economists' expectations.
RTTNews | 2 days ago
