19.02.2015 - Eurozone balance of payments surplus grew less than expected

Eurozone balance of payments surplus unexpectedly showed weak growth and has made only 17.8 billion euros in December. The index reached a four-month low. In November, the figure was at the level of 19.9 billion dollars. The surplus on trade of goods rose to 28.1 billion euros in December against 20.2 in November, but the surplus in the services sector amounted to only 3.9 billion euros, which is 4.1 billion less than in the previous period. During the 2014 balance of payments surplus totaled 240.2 billion euros, which corresponds to 2.4% of GDP in the Eurozone. We forecast a further weakening of the euro due to the launch of quantitative easing in the euro area in March and is expected the decline to 1.10 in the medium term.

RISK WARNING: Trading of complex financial products, such as Stocks, Futures, Foreign Exchange ("Forex"), Contracts for Difference ("CFDs"), Indices, Options, or other financial derivatives, on "margin" carries a high level of risk, and may not be suitable for all investors. The possibility exists that you could sustain a loss of some or all of your initial investment and, therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading these markets, and seek advice from an independent financial advisor if you have any questions or doubts. Please carefully read our full "Risk Disclosure" and "Risk Disclosures for Financial Instruments & Investment Services". FXFINPRO Capital is the trading name of PFX Financial Professionals Limited, a limited liability company formed under the laws of Cyprus, registered with the Registrar of Companies in Nicosia, Cyprus, under nr. HE 237840 and regulated by the Cyprus Securities and Exchange Commission with license number 193/13.