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Malta Balance of Trade
With its advantageous geographic location and abundant limestone reserves, Malta has a thriving export industry that is fueled by these factors. Malta, as an island, produces only around 20% of its food demands, has limited access to freshwater, and does not have access to renewable energy sources. As a result of this confluence of forces, the economy of Malta is highly reliant on international commerce. Exports from Malta are primarily composed of electrical machinery and mechanical appliances. Other items include fish and crustaceans, pharmaceutical products, and printed material. For its part, Malta imports mineral fuels and oils, nonelectrical machinery, aircraft and other transportation equipment, plastic and other semi-manufactured commodities, food, beverages, and tobacco. Malta joined the Euro in 2008, underscoring the European Union's position as the country's most important commercial partner, with significant trade flows originating in particular from Italy, the United Kingdom, Germany, and France.
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 |
|
|
1.1347 -428 pips |
1.1586 +189 pips |
1.17752 | |
| EURAUD |
|
|
1.7292 -662 pips |
1.7939 +15 pips |
1.79535 | |
| EURJPY |
|
|
164.8064 -515 pips |
168.9226 +103 pips |
169.955 | |
| EURCAD |
|
|
1.5655 -347 pips |
1.5995 +7 pips |
1.60023 | |
| EURCHF |
|
|
0.9356 +14 pips |
0.9498 -156 pips |
0.93415 | |
| EURCZK |
|
|
24.6901 +759 pips |
0 +246142 pips |
24.61420 | |
| EURGBP |
|
|
0.8538 -79 pips |
0.8616 +1 pips |
0.86172 | |
| EURHUF |
|
|
397.9672 -37 pips |
405.3240 -698 pips |
398.34 | |
| EURNOK |
|
|
11.4018 -4656 pips |
11.8195 +479 pips |
11.8674 | |
| EURNZD |
|
|
1.8768 -646 pips |
1.9369 +45 pips |
1.94144 |
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 | 21h 11min 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
