Market Updates: Eurozone International Trade in Goods Surplus €19.0 bn - Forex News by FX Leaders

Market Updates: Eurozone International Trade in Goods Surplus €19.0 bn

Posted Tuesday, January 15, 2019 by
Arslan Butt • 1 min read

As per the recent reports from Eurostat, the first estimate for Euro area (EA19) exports of goods to the rest of the world in November 2018 was 203.0 billion, an increase of 1.9% compared with November 2017 (199.2 bn).

Imports from the rest of the world stood at 184.0 bn, a rise of 4.7% compared with November 2017 (175.7 bn). As a result, the Euro area recorded a 19.0 bn surplus in trade in goods with the rest of the world in November 2018, compared with +23.4 bn in November 2017. Intra-Euro area trade rose to 170.5 bn in November 2018, up by 1.5% compared with November 2017.

Good thing is, our forex trading signal on the EUR/USD hit take profit before the release of the news, which drove Euro in the opposite direction.

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About the author

Arslan Butt // Index & Commodity Analyst
Arslan Butt is our Lead Commodities and Indices Analyst. Arslan is a professional market analyst and day trader. He holds an MBA in Behavioral Finance and is working towards his Ph.D. Before joining FX Leaders Arslan served as a senior analyst in a major brokerage firm. Arslan is also an experienced instructor and public speaker.
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