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: 2.4
Consensus: 2.2
Actual: 2.6
Next Release
Date: Jul 30, 08:30
Time left: 20 days

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
1.1225
-490 pips
1.1613
+102 pips
1.17154
Symbol Action Percentage Volume Positions
EURUSD Short 69% 10764.43 lots 36661
Long 31% 4794.34 lots 20593
28% of traders are currently trading EURUSD.
EURAUD
1.7239
-677 pips
1.7970
-54 pips
1.79156
Symbol Action Percentage Volume Positions
EURAUD Short 82% 1406.51 lots 4844
Long 18% 307.03 lots 1457
4% of traders are currently trading EURAUD.
EURJPY
166.1920
-517 pips
170.6762
+68 pips
171.360
Symbol Action Percentage Volume Positions
EURJPY Short 85% 2255.98 lots 6645
Long 15% 389.89 lots 1744
6% of traders are currently trading EURJPY.
EURCAD
1.5661
-378 pips
1.5983
+56 pips
1.60389
Symbol Action Percentage Volume Positions
EURCAD Short 86% 691.96 lots 4615
Long 14% 115.19 lots 920
5% of traders are currently trading EURCAD.
EURCHF
0.9359
+50 pips
0.9434
-125 pips
0.93093
Symbol Action Percentage Volume Positions
EURCHF Short 13% 158.73 lots 1040
Long 87% 1024.05 lots 6420
5% of traders are currently trading EURCHF.
EURCZK
24.6901
+538 pips
0
+246363 pips
24.63630
Symbol Action Percentage Volume Positions
EURCZK Short 100% 0.33 lots 1
Long 0% 0.00 lots 0
0% of traders are currently trading EURCZK.
EURGBP
0.8538
-79 pips
0.8615
+2 pips
0.86172
Symbol Action Percentage Volume Positions
EURGBP Short 89% 3322.75 lots 14636
Long 11% 425.98 lots 2776
10% of traders are currently trading EURGBP.
EURHUF
397.8895
-166 pips
405.3240
-577 pips
399.55
Symbol Action Percentage Volume Positions
EURHUF Short 51% 8.79 lots 44
Long 49% 8.49 lots 43
0% of traders are currently trading EURHUF.
EURNOK
11.5192
-3050 pips
11.8378
-136 pips
11.8242
Symbol Action Percentage Volume Positions
EURNOK Short 76% 0.74 lots 15
Long 24% 0.23 lots 4
0% of traders are currently trading EURNOK.
EURNZD
1.8907
-616 pips
1.9480
+43 pips
1.95225
Symbol Action Percentage Volume Positions
EURNZD Short 88% 515.31 lots 2928
Long 12% 67.29 lots 432
3% of traders are currently trading EURNZD.