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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 |
|
|
1.1186 -477 pips |
1.1604 +59 pips |
1.16630 | |
| EURAUD |
|
|
1.7145 -680 pips |
1.7893 -68 pips |
1.78249 | |
| EURJPY |
|
|
166.4741 -598 pips |
170.7659 +169 pips |
172.451 | |
| EURCAD |
|
|
1.5622 -363 pips |
1.5975 +10 pips |
1.59854 | |
| EURCHF |
|
|
0.9346 +39 pips |
0.9449 -142 pips |
0.93066 | |
| EURCZK |
|
|
24.6901 +395 pips |
0 +246506 pips |
24.65060 | |
| EURGBP |
|
|
0.8574 -114 pips |
0.8629 +59 pips |
0.86883 | |
| EURHUF |
|
|
397.3478 -246 pips |
405.3578 -555 pips |
399.81 | |
| EURNOK |
|
|
11.4036 -4186 pips |
11.8242 -20 pips |
11.8222 | |
| EURNZD |
|
|
1.8855 -679 pips |
1.9438 +96 pips |
1.95343 |
News (EUR)
German Exports Decline As Tariff Treats Damp Demand From US
Germany's exports declined for the second straight month in May due to a sharp fall in demand from the US amid tariff threats, data from Destatis revealed on Tuesday. Exports decreased by more-than-expected 1.4 percent month-on-month in May, following April's 1.6 percent fall. Economists had forecast a 0.2 percent drop. Imports slid 3.8 percent from last month.
RTTNews | 6 days ago
Eurozone Retail Sales Drop For First Time In 5 Months; Services Output Fall
Euro area retail sales decreased for the first time in five months and services production declined in May, suggesting a slowdown in the second quarter. Retail sales logged a monthly fall of 0.7 percent in May, reversing April's 0.3 percent increase, Eurostat reported Monday. Sales were expected to drop 0.8 percent. Another data from Eurostat showed that services production decreased 0.3 percen
RTTNews | 7 days ago
Eurozone Investor Confidence Strongest In More Than 3 Years
Eurozone investor confidence rose to the highest level in more than three years in July suggesting that fears of recession triggered by the US tariff shocks are completely off the table, survey data from the behavioral research institute Sentix showed on Monday. The investor confidence index advanced to 4.5 in July from 0.2 in June. The reading was the highest since February 2022 and also stayed
RTTNews | 7 days ago
