Montenegro GDP Growth Rate YoY
Following its independence from Serbia in 2006, Montenegro is currently undertaking an economic transition. It does not have its own currency, and the Euro is used as legal tender throughout the country. The economy of Montenegro is primarily reliant on foreign tourists, as well as on the sale of refined metals. On the financial side, household consumption accounts for the majority of GDP (80%), followed by government expenditure (19%) and gross fixed capital formation (19%). Exports of products and services account for 40% of GDP, while imports account for 60%, resulting in 20% 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 |
|
|
1.0714 -32 pips |
1.0804 -58 pips |
1.07456 | |
| EURAUD |
|
|
1.6288 -46 pips |
1.6418 -84 pips |
1.63342 | |
| EURJPY |
|
|
163.7814 -343 pips |
165.9500 +126 pips |
167.210 | |
| EURCAD |
|
|
1.4685 -65 pips |
1.4767 -17 pips |
1.47505 | |
| EURCHF |
|
|
0.9610 -148 pips |
0.9842 -84 pips |
0.97579 | |
| EURCZK |
|
|
25.3748 +3612 pips |
0 +250136 pips |
25.01362 | |
| EURGBP |
|
|
0.8579 -19 pips |
0.8627 -29 pips |
0.85981 | |
| EURHUF |
|
|
383.8296 -472 pips |
390.0976 -155 pips |
388.55 | |
| EURNOK |
|
|
10.9228 -7935 pips |
11.7476 -313 pips |
11.7163 | |
| EURNZD |
|
|
1.7781 -124 pips |
1.7981 -76 pips |
1.79050 |
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 | 14h 5min 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 | 1 day 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 | 2 days ago
