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Previewing the Fed Chair’s Testimony
The big focus for the day is likely to be on the start to Fed Chair Powell’s semi-annual congressional testimony. Today, the Fed Chair will testify before the Senate Banking Committee and there will be a lot to talk about after the Fed just went ahead with its biggest rate hike since 1994. Special Report
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Wall of worry ahead of Fed Chair testimony
Risk appetite is back in reduction mode into Wednesday. Investors just can’t shake off the worry around rising inflation and rising interest rates. We presume this is being exacerbated by a wave of hawkish Fed speak, the latest from Fed Barkin. Audio update Technical highlights EURUSD Hovers above yearly low GBPUSD Well supported into 1.2000 […]