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EUR/USD holds steady near 1.1700 after German/ EU PMI data

EUR/USD keeps its range near 1.1700 in European trading on Thursday. The German and Eurozone PMI data fail to inspire the Euro, while the US Dollar holds recent gains amid a risk-averse market environment, led by the US-Iran standoff. The US flash business PMIs are next in focus.

GBP/USD trims losses to retake 1.3500 after upbeat UK PMI data

GBP/USD pares losses to retake 1.3500 in the European session on Thursday. The Pound Sterling draws support from upbeat UK preliminary Manufacturing and Services PMI data for April, despite cautious markets and persistent haven demand for the US Dollar. Next of note is the US PMI data.

UPCOMING CALENDAR EVENTS

Editors’ Picks

Gold: Sellers remain in control near $4,700 ahead of US PMIs

Gold sticks to intraday losses in Thursday's European session, albeit it continues to show some resilience below the $4,700 mark. The US Dollar gains positive traction for the third straight day as signs of friction between the US and Iran remain due to the American naval blockade of Iranian ports.

Why does Bitcoin seem not to care about the Middle East War?

The Iran war has messed many assets, with one notable exception: Bitcoin. The price of the main crypto has been surprisingly resilient in the past few weeks and way less volatile than other assets considered risky, such as US equities.

Tesla stock jumps 4% after earnings, revenue beats in Q1 Premium

Tesla (TSLA) shares bounced over 3% initially afterhours on Wednesday as the electric vehicle and battery concern run by CEO Elon Musk reported adjusted earnings and revenue that beat Wall Street estimates.

PRESS RELEASES

The Trading Awards nominations are open: Nominate your brand

The Trading Awards officially open the nomination phase today. These accolades exist strictly for B2C organizations. The program measures market dominance among retail brokerages and prop trading firms. Operational excellence demands public validation.