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Montenegro GDP Growth Rate YoY
Following its independence from Serbia in 2006, Montenegro is currently undertaking an economic transition. It does not have its own currency, and the Euro is used as legal tender throughout the country. The economy of Montenegro is primarily reliant on foreign tourists, as well as on the sale of refined metals. On the financial side, household consumption accounts for the majority of GDP (80%), followed by government expenditure (19%) and gross fixed capital formation (19%). Exports of products and services account for 40% of GDP, while imports account for 60%, resulting in 20% of total 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 |
|
|
1.0944 -420 pips |
1.1353 +11 pips |
1.13636 | |
| EURAUD |
|
|
1.7026 -799 pips |
1.7876 -51 pips |
1.78252 | |
| EURJPY |
|
|
155.1618 -701 pips |
163.5867 -141 pips |
162.175 | |
| EURCAD |
|
|
1.5264 -473 pips |
1.5743 -6 pips |
1.57370 | |
| EURCHF |
|
|
0.9361 -36 pips |
0.9667 -270 pips |
0.93974 | |
| EURCZK |
|
|
0 -249861 pips |
25.1544 -1683 pips |
24.98612 | |
| EURGBP |
|
|
0.8488 -66 pips |
0.8585 -31 pips |
0.85536 | |
| EURHUF |
|
|
397.5650 -1039 pips |
405.8967 +206 pips |
407.95 | |
| EURNOK |
|
|
11.0499 -8411 pips |
11.9452 -542 pips |
11.8910 | |
| EURNZD |
|
|
1.8421 -626 pips |
1.9208 -161 pips |
1.90468 |
News (EUR)
Eurozone Private Sector Activity Moves Closer To Stagnation
The euro area private sector moved closer to stagnation in April as activity was held back by faster reduction in orders amid the escalating trade tariff concerns, the results of the latest purchasing managers' survey by S&P Global showed on Wednesday. The HCOB flash composite output index eased to 50.1 in April, which was only slightly above the 50.0 no-change mark.
RTTNews | 17h 50min ago
German Private Sector Falls Back Into Contraction
Germany's private sector fell into the contraction territory in April as trade tariff concerns damped business confidence and demand, flash purchasing managers' survey by S&P Global revealed Wednesday. The composite output index fell to 49.7 in April from 51.3 in March. The score fell below the 50.0 no-change mark for the first time in four months.
RTTNews | 19h 57min ago
French Private Sector Downturn Worsens
France's private sector activity came under renewed pressure in April due to pronounced demand weakness in the domestic market and sharp deterioration in confidence, flash survey data from S&P Global showed on Wednesday. The HCOB composite output index registered 47.3 in April, down from 48.0 in March. The reading was expected to ease to 47.8.
RTTNews | 20h 47min ago
