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 |
|
|
1.0585 +65 pips |
1.0811 -291 pips |
1.05205 | |
| EURAUD |
|
|
1.6147 -17 pips |
1.6320 -156 pips |
1.61642 | |
| EURJPY |
|
|
155.6761 -649 pips |
165.4971 -333 pips |
162.171 | |
| EURCAD |
|
|
1.4609 -86 pips |
1.4858 -163 pips |
1.46954 | |
| EURCHF |
|
|
0.9386 +95 pips |
0.9518 -227 pips |
0.92907 | |
| EURCZK |
|
|
0 -253343 pips |
25.1442 +1901 pips |
25.33430 | |
| EURGBP |
|
|
0.8332 +1 pips |
0.8408 -77 pips |
0.83311 | |
| EURHUF |
|
|
399.8570 -1133 pips |
411.2588 -7 pips |
411.19 | |
| EURNOK |
|
|
10.5561 -10821 pips |
11.7475 -1093 pips |
11.6382 | |
| EURNZD |
|
|
1.7830 -109 pips |
1.8045 -106 pips |
1.79391 |
News (EUR)
Eurozone Inflation Rises To 2% As Estimated
Eurozone inflation returned to the 2 percent target in October, final data from Eurostat showed on Tuesday. The harmonized index of consumer prices climbed as initially estimated in October after rising 1.7 percent in September. Core inflation that excludes prices of energy, food, alcohol and tobacco, remained unchanged at 2.7 percent in October.
RTTNews | 2 days ago
Eurozone Trade Surplus Increases In September
The euro area trade surplus increased notably in September as exports to the United States surged ahead of the presidential election in November that saw Donald Trump winning the race. The trade surplus rose to EUR 12.5 billion in September from EUR 9.8 billion in the same period last year, data from Eurostat showed Monday.
RTTNews | 3 days ago
EU Forecasts Eurozone Growth To Pick Up Despite Heightened Uncertainty
The Eurozone economic growth is projected to pick up next year with acceleration of domestic demand despite risks to global trade from protectionist measures. In the Autumn Forecast, the European Commission retained the economic growth outlook for 2024 at 0.8 percent. The currency bloc continued to grow at a subdued pace through the second and third quarters amid easing inflationary pressures.
RTTNews | 6 days ago
