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Luxembourg Balance of Trade
Luxembourg is a country with a high reliance on exports. Tradition has it that the country imports the vast majority of its consumer items and exports industrial products (steel). Chemical and rubber products, finished glass, and the most profitable financial services are now included in exports as well as other items. The country continues to be reliant on imported energy. The European Union is by far the country's most important trading partner, accounting for around 84% of its exports and 87% of its imports.
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 |
|
|
1.1233 -487 pips |
1.1607 +113 pips |
1.17196 | |
| EURAUD |
|
|
1.7241 -674 pips |
1.7970 -55 pips |
1.79154 | |
| EURJPY |
|
|
166.2305 -522 pips |
170.6833 +77 pips |
171.450 | |
| EURCAD |
|
|
1.5662 -384 pips |
1.5982 +64 pips |
1.60461 | |
| EURCHF |
|
|
0.9358 +45 pips |
0.9434 -121 pips |
0.93130 | |
| EURCZK |
|
|
24.6901 +550 pips |
0 +246351 pips |
24.63510 | |
| EURGBP |
|
|
0.8538 -83 pips |
0.8615 +6 pips |
0.86210 | |
| EURHUF |
|
|
397.8895 -168 pips |
405.3240 -576 pips |
399.57 | |
| EURNOK |
|
|
11.5192 -3074 pips |
11.8378 -112 pips |
11.8266 | |
| EURNZD |
|
|
1.8905 -603 pips |
1.9479 +29 pips |
1.95078 |
News (EUR)
German Exports Decline As Tariff Treats Damp Demand From US
Germany's exports declined for the second straight month in May due to a sharp fall in demand from the US amid tariff threats, data from Destatis revealed on Tuesday. Exports decreased by more-than-expected 1.4 percent month-on-month in May, following April's 1.6 percent fall. Economists had forecast a 0.2 percent drop. Imports slid 3.8 percent from last month.
RTTNews | 1 day ago
Eurozone Retail Sales Drop For First Time In 5 Months; Services Output Fall
Euro area retail sales decreased for the first time in five months and services production declined in May, suggesting a slowdown in the second quarter. Retail sales logged a monthly fall of 0.7 percent in May, reversing April's 0.3 percent increase, Eurostat reported Monday. Sales were expected to drop 0.8 percent. Another data from Eurostat showed that services production decreased 0.3 percen
RTTNews | 2 days ago
Eurozone Investor Confidence Strongest In More Than 3 Years
Eurozone investor confidence rose to the highest level in more than three years in July suggesting that fears of recession triggered by the US tariff shocks are completely off the table, survey data from the behavioral research institute Sentix showed on Monday. The investor confidence index advanced to 4.5 in July from 0.2 in June. The reading was the highest since February 2022 and also stayed
RTTNews | 2 days ago
