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United States Trade Representative Katherine Tai announced on Tuesday that she will be proposing modifications to China tariffs and will continue to work with partners to continue to expand opportunities for US workers and manufacturers, per Reuters. Key takeaways "Further action required beyond tar

GBP/JPY rose more than 0.50% on Monday amid safe-haven peers’ depreciation. The uptrend is set to continue above 196.00, with key resistance at 197.92 and above 200.00. The Pound Sterling climbed for the sixth consecutive day versus the Japanese Yen amid a risk-on impulse. Safe-haven currencies rema

The world’s major central banks are data-dependent, which means that traders and investors have to watch the key data releases that are coming out later this week. The US CPI is the biggest release for markets, followed by UK labour market data and a plethora of economic releases coming from Japan a

Control changed hands in the gold space (XAU/USD) last week; buyers strengthened their grip, adding +2.5% and snapping a two-week losing streak a whisker off all-time highs of $2,431. Technicals favouring buyers Last week’s move was (technically) aided by support on the daily timeframe coming in fro

Silver retreats from a three-week high reached at $28.74. Momentum favors bulls in the medium term; but shooting star looming paves the way for a retracement. Uptrend to resume with buyers clearing $28.74. Silver prices reversed on Friday amid high US Treasury yields and a stronger US Dollar. The gr

On the radar Due to public holiday in Austria, there will be no CEE Macro Daily on Thursday, May 9. Retail sales in Romania grew by 4.3% y/y in March. Industrial output growth in Hungary dropped in March by 10.4% y/y (unadjusted), based on working day adjusted data production declined by 2.8%. Today