The escalation of the trade war between the US and China has shaken the markets a lot.
Will the Fed Chair changes his views during the speech today?
News is what making the risk sentiment fragile today...
Oil updates and the FOMC minutes are on the agenda
Pay attention to the news from the UK and Italy
Let's consider the key events for this week's trading
There were no major moves during the Asian trading session, however we have some events today, which may affect the sentiment in the market.
The risk sentiment remains under pressure after the comments by China about the countermeasures against the US tariffs. Thus, the AUD/USD and the USD/JPY pairs will be under our attention.
During the European trading session, both the US and the UK yield curves inverted.
Levels for Wednesday's trading