Hemingway

EUR/JPY edges up 0.44%, extending its winning streak to seven days amid positive market sentiment. Technical outlook remains bullish; RSI nears overbought territory, indicating strong upward momentum. Watch resistance at April’s 26 high of 169.39, 170.00, and YTD high at 171.58. Key support levels a

Outlook Not realistic are hopes that Fed chief Powell will let a cat out of the bag at a bank conference today in Amsterdam. Tomorrow’s CPI still rules the roost and has all but paralyzed traders. We have to keep remembering that CPI is not what the Fed follows. The preferred Fed version is PCE, whi

In today's TradeGATEHub Live Trading session, Coach Dale discusses the DXY closing under $1.05 and projects a downward pivot to $1.0350. He identifies the upcoming Producer Price Index (PPI) and Consumer Price Index (CPI) releases as critical deciders for the week. Additionally, Dale provides insigh

On the radar Polish central bank kept policy rate unchanged at 5.75%. Retail sales in Czechia (excluding auto) landed at 6.1% y/y in March. Trade surplus in Slovakia reached EUR 577.4 million in March. Trade balance in Croatia, while producer prices declined by -2.0% y/y in March. Producer prices in

Overview: The dollar is firmer against all the G10 currencies today. The market is somewhat less fearful of intervention and the yen is extending yesterday's losses. It is rivaling the Australian dollar for the weakest of the major currencies after the Reserve Bank of Australia left rates on hold an