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Malta GDP Growth Rate YoY
Since Malta has a low-cost environment and a favorable tax structure, the country's economy is reliant on foreign trade (acting as a freight trans-shipment point), electronics and textile manufacture, tourism, and financial services. On the spending side, household consumption is the most important component of GDP, accounting for 55% of total use, followed by government expenditure (20%), and gross fixed capital formation (19%). Exports of goods and services stand for 149% of total GDP, while imports account for 143%, contributing 6% of total GDP.
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 |
|
|
1.1413 -392 pips |
1.1553 +252 pips |
1.18054 | |
| EURAUD |
|
|
1.7267 -673 pips |
1.7938 +2 pips |
1.79397 | |
| EURJPY |
|
|
164.1091 -519 pips |
167.8796 +142 pips |
169.302 | |
| EURCAD |
|
|
1.5738 -368 pips |
1.5925 +181 pips |
1.61060 | |
| EURCHF |
|
|
0.9355 +17 pips |
0.9522 -184 pips |
0.93376 | |
| EURCZK |
|
|
24.6901 +122 pips |
0 +246779 pips |
24.67793 | |
| EURGBP |
|
|
0.8519 -70 pips |
0.8576 +13 pips |
0.85890 | |
| EURHUF |
|
|
397.9073 -127 pips |
405.3240 -614 pips |
399.18 | |
| EURNOK |
|
|
11.4377 -4448 pips |
11.8195 +630 pips |
11.8825 | |
| EURNZD |
|
|
1.8702 -650 pips |
1.9347 +5 pips |
1.93521 |
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 | 2h 29min 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 | 9h 25min 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 | 9h 59min ago
