Today there will be a speech by ECB President Mario Draghi on monetary policy. The dollar weakened last week and at the beginning of today's trading session the EUR/USD pair is entrenched above $1.23.
There is one week until Congress makes the new Fed chief Jerome Powell give a speech about the economy. This will be his first public appearance on the job. Despite the fact that he has previously supported the policy inheritance of Janet Yellen, this course can be reviewed. His presentation will be the main focus of investors and may indicate further movement dollar. A hawkish rhetoric by Powell may increase the yield of long-term bonds, but would result in S&P 500 25% drop.
The reference cryptocurrency Bitcoin fell below $10,000 and found resistance at that level. This asset has lost more than $7,000 in value since the beginning of this year.
