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 |
|
|
1.0368 -35 pips |
1.0729 -326 pips |
1.04030 | |
| EURAUD |
|
|
1.6392 -234 pips |
1.6650 -24 pips |
1.66262 | |
| EURJPY |
|
|
156.7371 -540 pips |
163.8853 -175 pips |
162.139 | |
| EURCAD |
|
|
1.4797 -131 pips |
1.4964 -36 pips |
1.49279 | |
| EURCHF |
|
|
0.9403 -31 pips |
0.9631 -197 pips |
0.94336 | |
| EURCZK |
|
|
25.2779 +1322 pips |
0 +251457 pips |
25.14569 | |
| EURGBP |
|
|
0.8394 -48 pips |
0.8460 -18 pips |
0.84423 | |
| EURHUF |
|
|
400.4734 -1103 pips |
406.2462 +525 pips |
411.50 | |
| EURNOK |
|
|
11.4331 -3584 pips |
11.7142 +773 pips |
11.7915 | |
| EURNZD |
|
|
1.8072 -332 pips |
1.8403 +1 pips |
1.84045 |
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
