Portugal Balance of Trade
Compared to the previous year, Portugal's trade imbalance climbed by 23.4 percent, reaching EUR 13.8 billion in 2017. This is the largest growth in the country's trade since 2011. Imports surged by 12.5%, the highest level since 2010, while exports increased at a lesser rate of 10.1%, the highest level since 2011. The countries with the largest trade imbalances were Spain, Germany, Italy, the Netherlands, Russia, and China, while the countries with the largest trade surpluses were the United States, the United Kingdom, 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 |
|
|
1.0889 -77 pips |
1.1067 -101 pips |
1.09664 | |
| EURAUD |
|
|
1.6084 -46 pips |
1.6287 -157 pips |
1.61300 | |
| EURJPY |
|
|
156.2620 -655 pips |
165.0674 -226 pips |
162.808 | |
| EURCAD |
|
|
1.4737 -163 pips |
1.4983 -83 pips |
1.48996 | |
| EURCHF |
|
|
0.9406 -1 pips |
0.9636 -229 pips |
0.94070 | |
| EURCZK |
|
|
0 -253236 pips |
25.1442 +1794 pips |
25.32360 | |
| EURGBP |
|
|
0.8376 +12 pips |
0.8448 -84 pips |
0.83644 | |
| EURHUF |
|
|
394.6818 -640 pips |
393.5858 +750 pips |
401.08 | |
| EURNOK |
|
|
10.9402 -7577 pips |
11.6582 +397 pips |
11.6979 | |
| EURNZD |
|
|
1.7676 -133 pips |
1.7980 -171 pips |
1.78094 |
News (EUR)
German Construction PMI Rises To 16-Month High
Germany's construction sector activity contracted at the slowest pace in 16 months in September, survey results from S&P Global showed on Friday. The construction Purchasing Managers' Index rose to 41.7 from 38.9 in the previous month. This was the highest since May 2023. However, the score remained below 50.0, indicating contraction.
RTTNews | 3 days ago
Eurozone Private Sector Contracts For First Time In 7 Months
The euro area private sector shrank for the first time in seven months in September as Germany, France and Italy recorded contractions simultaneously for the first time in 2024 so far, data compiled by S&P Global showed on Thursday. The final HCOB composite output index fell to 49.6 in September from a three-month high of 51.0 in August. The flash score was 48.9.
RTTNews | 4 days ago
Eurozone Inflation Falls Below 2% Target
Eurozone inflation fell below the 2 percent target for the first time in more than three years in September, signaling faster interest rate cuts from the European Central Bank. The harmonized index of consumer prices posted an annual increase of 1.8 percent compared to a 2.2 percent rise in August, flash data from Eurostat showed Tuesday.
RTTNews | 5 days ago
