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 |
|
|
1.0721 -43 pips |
1.0843 -79 pips |
1.07640 | |
| EURAUD |
|
|
1.6210 -62 pips |
1.6370 -98 pips |
1.62720 | |
| EURJPY |
|
|
159.6540 -604 pips |
165.2952 +40 pips |
165.692 | |
| EURCAD |
|
|
1.4643 -88 pips |
1.4739 -8 pips |
1.47306 | |
| EURCHF |
|
|
0.9594 -156 pips |
0.9823 -73 pips |
0.97500 | |
| EURCZK |
|
|
25.3748 +3207 pips |
0 +250541 pips |
25.05410 | |
| EURGBP |
|
|
0.8562 -17 pips |
0.8607 -28 pips |
0.85790 | |
| EURHUF |
|
|
383.9147 -548 pips |
390.8705 -148 pips |
389.39 | |
| EURNOK |
|
|
10.9228 -7707 pips |
0 +116935 pips |
11.6935 | |
| EURNZD |
|
|
1.7781 -156 pips |
1.7986 -49 pips |
1.79371 |
News (EUR)
Eurozone Unemployment Rate Steady At 6.5% For Fifth Month
Euro area jobless rate remained unchanged at a record low for the fifth month in a row in March and the unemployment decreased, while a tight labor market could urge the European Central Bank to remain cautious even as policymakers gear up for an interest rate cut in June. The seasonally adjusted unemployment rate was 6.5 percent in March, which is the same level as in the previous four months.
RTTNews | 2 days ago
European Economics Preview: Eurozone Jobless Data Due
Unemployment figures from the euro area and Spain, and the purchasing managers' survey results for the services sector from the U.K. are the highlights on the economics front on Friday. Eurozone jobless rate is expected to remain steady at 6.5 percent in March. Eurostat is set to release the data at 05:00 am ET.
RTTNews | 3 days ago
Eurozone Exits Recession In Q1
The euro area economy expanded in the first quarter after two consecutive declines as all big four economies exhibited better performance, boosting hopes of a sustained recovery this year. Gross domestic product grew by a faster-than-expected 0.3 percent sequentially following a 0.1 percent fall each in the fourth and third quarters of 2023, preliminary flash estimates from Eurostat showed.
RTTNews | 5 days ago
