Slovakia GDP Growth Rate QoQ
In recent years, Slovakia has had one of the most rapid economic growth rates in Europe. For the most part, foreign direct investment, particularly in the automotive and electronic sectors, was responsible for driving the expansion. Among the expenditure components of GDP, household consumption dominates, accounting for 57% of total usage, followed by gross fixed capital formation (21%) and government expenditure (19%). Currently, exports of goods and services account for 92% of GDP, with imports accounting for 88% of GDP and contributing 4% to overall GDP.
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 |
|
|
1.0933 -106 pips |
1.1066 -27 pips |
1.10391 | |
| EURAUD |
|
|
1.6419 -133 pips |
1.6604 -52 pips |
1.65521 | |
| EURJPY |
|
|
152.4519 -550 pips |
162.5540 -460 pips |
157.950 | |
| EURCAD |
|
|
1.4804 -172 pips |
1.5021 -45 pips |
1.49758 | |
| EURCHF |
|
|
0.9401 +45 pips |
0.9623 -267 pips |
0.93563 | |
| EURCZK |
|
|
25.0192 -437 pips |
25.0718 -89 pips |
25.06290 | |
| EURGBP |
|
|
0.8433 +5 pips |
0.8490 -62 pips |
0.84281 | |
| EURHUF |
|
|
391.1072 -591 pips |
394.1224 +289 pips |
397.01 | |
| EURNOK |
|
|
11.7545 -1444 pips |
11.7386 +1603 pips |
11.8989 | |
| EURNZD |
|
|
1.7796 -112 pips |
1.8074 -166 pips |
1.79080 |
News (EUR)
Eurozone Sentix Investor Confidence Deteriorates On German Chaos
Euro area investor sentiment weakened further in September as the single currency bloc remains on the brink of recession with the political and economic chaos in Germany weighing heavily on the entire region. The investor confidence index fell to -15.4 in September from -13.9 in August, survey results from the behavioral research institute Sentix showed Monday. This was the third consecutive fal
RTTNews | 1 day ago
Eurozone GDP Growth Slows In Q2
Euro area economic growth rate for the second quarter was revised down as the positive contributions from government consumption and net trade were partially offset by the slump in investment. Gross domestic product grew 0.2 percent from the first quarter, which was revised down from 0.3 percent estimated initially, data from Eurostat showed on Friday.
RTTNews | 4 days ago
German Industrial Production Drops More Than Forecast; Trade Surplus Falls
Raising fears of a recession, Germany's industrial production declined more than expected in July on weaker automotive output and the trade surplus contracted in July as the growth in imports exceeded the rise in exports. Industrial production decreased 2.4 percent month-on-month in July, in contrast to the increase of 1.7 percent in June, Destatis reported Friday. Output was forecast to fall 0.
RTTNews | 4 days ago
