Portugal Business Confidence
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.
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 |
|
|
1.0893 -82 pips |
1.1070 -95 pips |
1.09750 | |
| EURAUD |
|
|
1.6087 -63 pips |
1.6295 -145 pips |
1.61500 | |
| EURJPY |
|
|
156.8163 -641 pips |
165.1284 -190 pips |
163.230 | |
| EURCAD |
|
|
1.4734 -162 pips |
1.4983 -87 pips |
1.48960 | |
| EURCHF |
|
|
0.9407 -11 pips |
0.9645 -227 pips |
0.94180 | |
| EURCZK |
|
|
0 -253174 pips |
25.1442 +1732 pips |
25.31740 | |
| EURGBP |
|
|
0.8379 +83 pips |
0.8450 -154 pips |
0.82956 | |
| EURHUF |
|
|
394.7114 -643 pips |
393.5858 +756 pips |
401.14 | |
| EURNOK |
|
|
11.0360 -6575 pips |
11.6829 +106 pips |
11.6935 | |
| EURNZD |
|
|
1.7678 -110 pips |
1.7987 -199 pips |
1.77880 |
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 | 1 day 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 | 2 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 | 4 days ago
