wrapper

Eurozone Current Account surplus at €25.4 billion

Monday, Mar 21 2016
The current account of the euro area recorded a surplus of €25.4 billion in January 2016. Analysts were predicting surplus of €26.3 billion. This reflected surpluses for goods (€27.6 billion), primary income (€4.7 billion) and services (€3.6 billion), which were partly offset by a deficit in secondary income (€10.5 billion).
The 12-month cumulated current account for the period ending in January 2016 recorded a surplus of €316.1 billion, compared with one of €254.5 billion for the 12 months to January 2015. The increase in the current account surplus was largely due to an increase in the surplus for goods (from €260.7 billion to €320.2 billion) and, to a lesser extent, a decrease in the deficit for secondary income (from €139.0 billion to €131.0 billion) and an increase in the surplus for primary income (from €63.7 billion to €65.7 billion). These were partly offset by a decrease in the surplus for services (from €69.0 billion to €61.1 billion).
 
Euro is currently being traded few points above 1.1260 level. Pair is likely to find support around 1.12 handle and resistance above 1.13 level. Later today, in the US session, Existing Home Sales figures are scheduled for a release.
More in this category: « Aussie down in a quiet overnight trade CBI Industrial Orders Expectations survey showed balance of -14% »

Latest from Editor

About Us

Forex Web News is part of Rolling Capital Network providing financial consulting.

Within the Forex Web News we provide our readers with expert and timely technical analyses, fundamental analyses and news; with one aim – for our readers to make best possible financial decisions.

Forex Web News desks and analysis department follow the international markets closely and create high quality proprietary content on a both daily and weekly basis.

.

All our analysts have several years of trading and analysis experience. The Forex Web News analysis team creates daily and weekly analyses and offer forecasts regarding where they believe the markets are heading. Our readers are provided with data displayed both in texts and on graphs, providing them the fullest understanding of what is happening in the market place.

We are constantly growing our news desks and our analysis departments as we strive to broaden the content we provide to visitors of the Forex Web News.

Disclaimer

Rolling-capital.com – The company, employees, subsidiaries and associates, are not liable nor shall they be held liable jointly or severally for any loss or damage as a result of reliance on the information provided on this website. The data contained in this website is not necessarily provided in real-time nor is it necessarily accurate. All prices herein are provided by market makers and not by exchanges. As such prices may not be accurate and they may differ from the actual market price. rolling-capital.com bears no responsibility for any trading losses you might incur as a result of using any data within the Forex Web News.