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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 |
|
|
1.1406 -393 pips |
1.1589 +210 pips |
1.17993 | |
| EURAUD |
|
|
1.7271 -670 pips |
1.7939 +2 pips |
1.79411 | |
| EURJPY |
|
|
164.3072 -534 pips |
167.9731 +168 pips |
169.650 | |
| EURCAD |
|
|
1.5684 -348 pips |
1.6019 +13 pips |
1.60318 | |
| EURCHF |
|
|
0.9354 +8 pips |
0.9513 -167 pips |
0.93465 | |
| EURCZK |
|
|
24.6901 +460 pips |
0 +246441 pips |
24.64412 | |
| EURGBP |
|
|
0.8557 -78 pips |
0.8614 +21 pips |
0.86347 | |
| EURHUF |
|
|
397.9672 -119 pips |
405.3240 -617 pips |
399.16 | |
| EURNOK |
|
|
11.4731 -4020 pips |
11.8195 +556 pips |
11.8751 | |
| EURNZD |
|
|
1.8794 -633 pips |
1.9369 +58 pips |
1.94266 |
News (EUR)
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 | 1 day 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 | 1 day ago
Eurozone Manufacturing Sector Contraction Slows In June
Eurozone manufacturing activity contracted at a slower pace in June as output showed a sustained expansion and total new work stabilized ending a 37-month period of decline, final survey data from S&P Global showed on Tuesday. The HCOB manufacturing Purchasing Managers' Index posted 49.5 in June, up from 49.4 in May. This was the highest score since August 2022.
RTTNews | 1 day ago
