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The National Statistics Institute (INE) in Portugal calculates the economic climate indicator on the basis of three-term moving averages in order to provide a timely composite indicator for the various sectors of the economy. It is calculated using the balances of questions from the Manufacturing Industry (1179 businesses), Trade (1102 firms), Construction and Public Works (822 companies), and Services (1427 businesses) surveys, as well as data from other survey sources. The calculation is based on factor analysis, and the estimated series (the common component) is calibrated by using GDP change rates. Moving averages are used to smooth out the series by removing the abnormal movements, which allows for the discovery of short-term patterns to be identified.

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.

Category:  Business Confidence
Units: Points
Details
Impact: Low
Country:
Currency: EUR
Latest Release
Previous: 2.2
Consensus: 2
Actual: 2
Next Release
Date: Jun 29, 08:30
Time left: 21 days
Consensus: 1.7

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
1.0626
-74 pips
1.0830
-130 pips
1.07005
Symbol Action Percentage Volume Positions
EURUSD Short 26% 5462.62 lots 24216
Long 74% 15545.76 lots 54574
32% of traders are currently trading EURUSD.
EURAUD
1.5854
-225 pips
1.6208
-129 pips
1.60792
Symbol Action Percentage Volume Positions
EURAUD Short 22% 865.01 lots 2273
Long 78% 2999.81 lots 8481
5% of traders are currently trading EURAUD.
EURJPY
144.7354
-522 pips
148.0140
+195 pips
149.959
Symbol Action Percentage Volume Positions
EURJPY Short 78% 2172.97 lots 8339
Long 22% 604.21 lots 2170
6% of traders are currently trading EURJPY.
EURCAD
1.4166
-146 pips
1.4549
-237 pips
1.43123
Symbol Action Percentage Volume Positions
EURCAD Short 9% 266.18 lots 1474
Long 91% 2842.01 lots 8227
4% of traders are currently trading EURCAD.
EURCHF
0.9720
-14 pips
0.9900
-166 pips
0.97341
Symbol Action Percentage Volume Positions
EURCHF Short 37% 671.08 lots 3053
Long 63% 1144.65 lots 6667
5% of traders are currently trading EURCHF.
EURCZK
23.4551
-1785 pips
24.1257
-4921 pips
23.6336
Symbol Action Percentage Volume Positions
EURCZK Short 70% 0.07 lots 2
Long 30% 0.03 lots 1
0% of traders are currently trading EURCZK.
EURGBP
0.8590
-8 pips
0.8678
-80 pips
0.85978
Symbol Action Percentage Volume Positions
EURGBP Short 11% 482.53 lots 3381
Long 89% 3911.17 lots 15401
11% of traders are currently trading EURGBP.
EURHUF
371.3242
+297 pips
379.7523
-1139 pips
368.359
Symbol Action Percentage Volume Positions
EURHUF Short 37% 2.19 lots 19
Long 63% 3.70 lots 22
0% of traders are currently trading EURHUF.
EURNOK
11.2154
-5945 pips
11.9175
-1076 pips
11.80991
Symbol Action Percentage Volume Positions
EURNOK Short 83% 1.54 lots 33
Long 17% 0.31 lots 5
0% of traders are currently trading EURNOK.
EURNZD
1.7410
-305 pips
1.7719
-4 pips
1.77153
Symbol Action Percentage Volume Positions
EURNZD Short 58% 355.54 lots 2044
Long 42% 254.84 lots 1229
2% of traders are currently trading EURNZD.