Montenegro Balance of Trade
The most important exports of Montenegro include manufactured products, mineral fuels, lubricants, raw materials, and food and beverages. The country has strong commercial relations with its neighbors, which may be traced back to ancient times. Accounting for 46% of Montenegrin exports, tourism is already a significant component of the country's trade flows, and it is likely to continue to develop in the coming years. Montenegro's mineral reserves also contribute significantly to the country's exports, which are assisted by a thriving complementary manufacturing sector. Manufactured goods, food, beverages, and tobacco, as well as mineral fuels, lubricants, machinery, and transportation equipment, are the main of Montenegro's imports. Serbia, Greece, Bosnia and Herzegovina, Germany, Italy, and Croatia are some of Montenegro's most important trading partners.
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 |
|
|
1.0735 -39 pips |
1.0839 -65 pips |
1.07738 | |
| EURAUD |
|
|
1.6262 -44 pips |
1.6398 -92 pips |
1.63060 | |
| EURJPY |
|
|
164.8840 -298 pips |
166.2396 +162 pips |
167.859 | |
| EURCAD |
|
|
1.4659 -66 pips |
1.4750 -25 pips |
1.47248 | |
| EURCHF |
|
|
0.9619 -144 pips |
0.9849 -86 pips |
0.97633 | |
| EURCZK |
|
|
25.3748 +4680 pips |
0 +249068 pips |
24.90679 | |
| EURGBP |
|
|
0.8580 -18 pips |
0.8627 -29 pips |
0.85975 | |
| EURHUF |
|
|
383.9052 -356 pips |
390.0976 -264 pips |
387.46 | |
| EURNOK |
|
|
10.9228 -7534 pips |
0 +116762 pips |
11.6762 | |
| EURNZD |
|
|
1.7793 -105 pips |
1.7968 -70 pips |
1.78981 |
News (EUR)
German Industrial Production Declines In March
Germany's industrial production declined for the first time in three months in March driven by the decreases in consumer and intermediate goods output, official data revealed Wednesday. Industrial production declined 0.4 percent on a monthly basis, in contrast to the 1.7 percent increase in February, Destatis reported.
RTTNews | 2 days ago
German Exports Rebound; Industrial Orders Data Disappoint
Germany's exports rebounded at a faster-than-expected pace in March, while industrial orders declined unexpectedly on weak domestic demand, pouring cold water on hopes of better economic recovery. Exports gained 0.9 percent on a monthly basis, reversing a 1.6 percent fall in February, which was revised from a 0.2 percent gain reported initially, Destatis said Tuesday. Shipments were forecast to
RTTNews | 3 days ago
Eurozone Private Sector Growth Accelerates In April
The euro area private sector growth accelerated to an 11-month high in April driven by the service sector, final survey results from S&P Global showed on Monday. The HCOB composite output index rose to 51.7 in April from 50.3 in the previous month. The flash estimate was 51.4.
RTTNews | 4 days ago
