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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
EgyptEgypt Current Account fell to -5,909.6M in July 2024
FMPMonthlyReleased January 2025
Egypt Current Account fell to -5,909.6M in July 2024, released January 2025, down 2,198.5M from June's -3,711.1M reading. The reading missed the 3,900M consensus by 9,809.6M. The print is running well below the 12-month average of -4,048.1M.
Latest Release
-5909.6
Actual
3900
Consensus
-3711.1
Previous
Median Absolute Error
±3,591.2 million
across last 6 releases
Last Call
Jan 2025
Predicted: 3,900
Actual: -5,909.6
Error: +9,809.6
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| EUR/USD | ▲ Direct | +0.30 | FOREX | Watch | → View |
| USD/JPY | ▼ Inverse | −0.30 | FOREX | Watch | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Watch | → View |
| S&P 500 | ▲ Direct | +0.30 | INDEX | Watch | → View |
| BTC/USD | ▲ Direct | +0.30 | CRYPTO | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Current Account (Egypt) was reported at -15.00 million in October 2025. The reading fell from the previous value of -13.00 million. Trailing 12-month context per ETL data through October 2025.
WHY IT MATTERS
The indicator has been trending downward over the last three releases. The trailing three releases averaged -13.00 million, up from the prior three at -5,693.90 million. In October readings over the past 3 years, Current Account has averaged -1,054.17 million.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with BTC/USD (Watch). A secondary relationship exists with USD/JPY, negatively correlated (Watch). Over the last 6 releases, the Sigmacast model's median absolute error is 3,591.20 million.
Auto-generated from current model state · Refreshes on each release · Last update October 2025.
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Current Account - EG
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About Current Account — Egypt
DEFINITION
The Current Account is a financial indicator that measures a country's trade balance, including the value of goods and services exported and imported, as well as income received and payments made to other countries. It provides insight into a nation's economic health and its ability to pay for imports and service its debt. A positive current account balance indicates a surplus, while a negative balance indicates a deficit. This indicator is closely monitored by investors, policymakers, and economists as it can impact a country's currency value and overall economic stability.
WHY THIS INDICATOR MATTERS
Trade-balance and tariff data inform exchange-rate fundamentals and feed directly into GDP via the net-exports channel. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Apr 2025): actual -15 M. Prior reading (Oct 2024): -11 M. Before that (Jul 2024): -5,909.6 M.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a materially higher reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection.