Luxembourg GDP Growth Rate QoQ
Luxembourg has one of the world's highest GDP per capita in the world. The country's economy is heavily reliant on the banking, steel, and industrial sectors. Expenditures are dominated by the external balance of exports and imports, which accounts for 35% of total GDP use, with exports of goods and services accounting for 200% of total usage and imports accounting for 165%. Domestic consumption accounts for 30% of GDP, gross fixed capital formation accounts for 18% of GDP, and government expenditure accounts for 17%.
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 |
|
|
1.0368 -38 pips |
1.0727 -321 pips |
1.04059 | |
| EURAUD |
|
|
1.6392 -239 pips |
1.6650 -19 pips |
1.66307 | |
| EURJPY |
|
|
156.7396 -543 pips |
163.8862 -172 pips |
162.170 | |
| EURCAD |
|
|
1.4797 -133 pips |
1.4964 -34 pips |
1.49297 | |
| EURCHF |
|
|
0.9403 -32 pips |
0.9631 -196 pips |
0.94352 | |
| EURCZK |
|
|
25.2779 +1375 pips |
0 +251404 pips |
25.14044 | |
| EURGBP |
|
|
0.8394 -51 pips |
0.8460 -15 pips |
0.84450 | |
| EURHUF |
|
|
400.4734 -1097 pips |
406.2462 +519 pips |
411.44 | |
| EURNOK |
|
|
11.4331 -3558 pips |
11.7142 +747 pips |
11.7889 | |
| EURNZD |
|
|
1.8072 -338 pips |
1.8408 +2 pips |
1.84096 |
News (EUR)
German Economic Confidence Weakens In January
German economic sentiment deteriorated more than expected in January as the economy remained in recession for the second straight year and inflationary pressure rose recently, results of a survey by the think tank ZEW showed Tuesday. The ZEW Indicator of Economic Sentiment fell to 10.3 from 15.7 in December. The reading was expected to drop moderately to 15.2.
RTTNews | 1 day ago
ECB Minutes Show Policymakers Saw Room For More Easing
European Central Bank policymakers were looking forward to more interest rate cuts, but they saw the need for a cautious approach due to several uncertainties that could derail inflation from its path to the 2 percent target, the minutes of the December 11-12 policy session showed on Thursday.
RTTNews | 5 days ago
German Economy Stuck In Recession
The German economy shrank for the second straight year in 2024 as the euro area struggles with global headwinds and the political and structural problems on the domestic front. Gross domestic product contracted 0.2 percent in 2024 after a 0.3 percent decline in 2023, Destatis reported Wednesday.
RTTNews | 7 days ago
