The rout in crypto is on the prime of the information right this moment, together with the 50% flash crash in ETH at Kraken. In FX, EUR/CHF has been on the transfer whereas the greenback rebounds from yesterday’s hunch.
The spotlight on the calendar is Powell’s first day of Humphrey Hawkins beginning at 1500 GMT. His counterpart in Canada — Tiff Macklem — additionally delivers a speech a bit later at 1730 GMT (adopted by a 1850 GMT press convention). The market expects to listen to extra of the identical discuss of preserve charges zeroed out.
By way of knowledge, it begins at 1400 GMT with US home costs stories from the FHFM and Case-Shiller.
The principle occasion is the 1500 GMT launch of the patron confidence report together with the Richmond Fed. All that’s touchdown concurrently Powell so watch out.
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