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The euro has edged higher on Thursday. In the European session, EUR/USD is trading at 1.0726, up 0.25%. German consumer confidence hits two-year high Germany’s GfK Consumer Climate index improved in April and again in the May forecast, as the German consumer is showing signs of optimism. The index i

EUR/JPY surges to levels not seen since August 2008, capitalizing on a broader Yen weakness. Technical indicators suggest potential for further advances after clearing resistance at 165.30, towards the 169.47 high of August 2008. Downside risks remain once EUR/JPY retreats below the recent high of 1

The US dollar's gains stalled last week, and on Tuesday, it lost a third of a cent against a basket of major currencies to 105.4 from a peak of 106.3 the week before. Yesterday's pullback more closely resembles the start of broader profit-taking than a reversal of the dollar's upward trend since ear

The single European currency remains locked in a tight trading range between the 1,06 and 1,07 levels for a fourth straight day as investors shy away from taking big bets. The Middle East front remains without further escalation for now but the risk that this temporary calm will not last long remain

Germany’s Manufacturing PMI rose to 42.2 in April vs. 42.8 forecast. Services PMI for the German economy advanced to 53.3 in April vs. 50.6 estimate. EUR/USD jumps toward 1.0700 after mixed German PMIs. Germany’s manufacturing sector contraction eased less-than-expected in April while the services s

U.S. stocks climbed higher on Monday with those from the technology sector turning in a fine performance, as traders indulged in some bargain hunting after recent losses. Easing worries about Middle East tensions helped underpin sentiment. The major averages all closed on a firm note. The Dow ended

Gold has seen a bullish trend over the past few months, and we are currently witnessing strong and accelerating price action, driving the metal to new all-time highs. The drivers behind this surge are geopolitical tensions and its role as an inflation hedge. Interestingly, this ascent is occurring d

Summary Housing starts retreat in March Total housing starts dropped 14.7% to a 1.32 million-unit pace during March. Single-family and multifamily starts both declined during the month. Although harsh weather in some parts of the country and the early Easter holiday partially explain March's decline