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Luxembourg GDP Growth Rate QoQ
Luxembourg has one of the world's highest GDP per capita in the world. The country's economy is heavily reliant on the banking, steel, and industrial sectors. Expenditures are dominated by the external balance of exports and imports, which accounts for 35% of total GDP use, with exports of goods and services accounting for 200% of total usage and imports accounting for 165%. Domestic consumption accounts for 30% of GDP, gross fixed capital formation accounts for 18% of GDP, and government expenditure accounts for 17%.
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 |
|
|
1.0978 -441 pips |
1.1541 -122 pips |
1.14191 | |
| EURAUD |
|
|
1.7108 -635 pips |
1.7856 -113 pips |
1.77433 | |
| EURJPY |
|
|
166.2817 -574 pips |
170.7198 +130 pips |
172.017 | |
| EURCAD |
|
|
1.5412 -406 pips |
1.5915 -97 pips |
1.58176 | |
| EURCHF |
|
|
0.9333 +39 pips |
0.9424 -130 pips |
0.92944 | |
| EURCZK |
|
|
24.6542 +855 pips |
0 +245687 pips |
24.56872 | |
| EURGBP |
|
|
0.8549 -105 pips |
0.8664 -10 pips |
0.86536 | |
| EURHUF |
|
|
397.4508 -237 pips |
405.3578 -554 pips |
399.82 | |
| EURNOK |
|
|
10.8444 -9491 pips |
11.8361 -426 pips |
11.7935 | |
| EURNZD |
|
|
1.8706 -708 pips |
1.9423 -9 pips |
1.94143 |
News (EUR)
German Unemployment Rises In July
Germany's unemployment increased less than expected in July but the overall number of people out of work remained close to the 3 million mark due to the prolonged period of economic slowdown, official data revealed on Thursday. The number of unemployed rose by less-than-expected 2,000 from June, the Federal Employment Agency said. For July, economists had forecast an increase of 15,000.
RTTNews | 14h 40min ago
Eurozone Jobless Rate Unchanged At 6.2%
The euro area unemployment rate remained stable in June despite slowing economic growth and challenging global trade situation, official data revealed on Thursday. The jobless rate came in at seasonally adjusted 6.2 percent, the same rate as seen in May and down from 6.4 percent in the same period last year, Eurostat said Thursday.
RTTNews | 16h 25min ago
Eurozone Economy Fares Better Than Expected In Q2
The euro area economy logged better-than-expected growth in the second quarter but the pace of expansion slowed markedly as the first quarter performance was inflated after U.S. importers frontloaded their orders to reduce the cost burden of higher tariffs. Gross domestic product grew 0.1 percent sequentially, after rising 0.6 percent in the first quarter, preliminary flash estimate from Eurostat.
RTTNews | 1 day ago
