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Spain Balance of Trade
Due to the great volume of fuel imported into Spain as well as the high added value of its manufactured goods, Spain is running systemic trade deficits. The country's trade deficit increased by 31.9% from the year before to EUR 25 billion in 2017, primarily as a result of an increase in domestic demand and an increase in the price of energy. Spain's autonomous communities' largest exporters were Catalonia (26% of overall exports), Andalusia (11%), Madrid (11%), Valencia (11%), and the Basque Country (9%); while the largest importers were Catalonia (28% of overall imports), Madrid (20%), Andalusia (10%), and Valencia (9%). In 2017, the trade surplus with the EU grew to EUR 16 billion, up from EUR 13 billion in 2016, as a result of increases in both surpluses with the Eurozone (EUR 9 billion in 2017 compared to EUR 7 billion in 2016) and with non-euro area nations of the EU (EUR 7 billion in 2017 vs EUR 6 billion in 2016). With the increase in the trade deficit with non-EU countries, the EU's trade deficit with non-EU countries increased to EUR 41 billion from EUR 32 billion the previous year, with the deficit with Asia rising to EUR 35 billion from EUR 29 billion and the deficit with Africa rising to EUR 6 billion from EUR 4 billion. The difference from Latin America increased to EUR 2 billion in 2017 from EUR 60 million the previous year, while the difference with North America remained the same at EUR 1 billion.
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 |
|
|
1.1337 -442 pips |
1.1574 +205 pips |
1.17788 | |
| EURAUD |
|
|
1.7338 -642 pips |
1.7945 +35 pips |
1.79796 | |
| EURJPY |
|
|
164.9083 -526 pips |
168.7418 +143 pips |
170.173 | |
| EURCAD |
|
|
1.5682 -340 pips |
1.5974 +48 pips |
1.60221 | |
| EURCHF |
|
|
0.9358 +12 pips |
0.9542 -196 pips |
0.93459 | |
| EURCZK |
|
|
24.6901 +476 pips |
0 +246425 pips |
24.64253 | |
| EURGBP |
|
|
0.8540 -88 pips |
0.8618 +10 pips |
0.86275 | |
| EURHUF |
|
|
397.9672 -43 pips |
405.3240 -693 pips |
398.40 | |
| EURNOK |
|
|
11.4018 -4595 pips |
11.8195 +418 pips |
11.8613 | |
| EURNZD |
|
|
1.8811 -640 pips |
1.9391 +60 pips |
1.94510 |
News (EUR)
German Factory Orders Log Bigger-Than-Expected Fall
Germany's factory orders declined more than expected in May on falling demand from both the domestic market and other euro area economies, official data revealed on Friday. Factory orders decreased 1.4 percent from a month ago, Destatis reported. Orders were expected to drop 0.2 percent after an upwardly revised 1.6 percent rise in April. Orders declined for the first time in four months.
RTTNews | 1 day ago
Eurozone Private Sector Expands More Than Estimated
The euro area private sector expanded more than previously estimated in June as both manufacturing and services sectors registered higher output, final survey results from S&P Global showed on Thursday. The HCOB final composite output index advanced to 50.6 in June from 50.2 in May. The reading was well above the flash estimate of 50.2.
RTTNews | 2 days ago
German Unemployment Climbs Less Than Expected In June
Joblessness in Germany rose in June but at a slower than expected pace, official figures revealed on Tuesday, as activity in the biggest economy in the euro area remains sluggish.
RTTNews | 4 days ago
