EUR/USD appears to be reversing ahead of the December 2002 low (0.9859) as it preserves the series of higher highs and lows from earlier this week.

It was a grinding session in US stocks with a flurry of headlines in the morning as a Powell speech aligned with the European Central Bank’s largest rate hike.

Key Federal Reserve officials spoke this week, giving additional clues as to how the FOMC may move in two weeks.

ECB Raises Rates by 75bps Amid Rampant Inflation.

WTI crude oil witnessed a sizeable drop yesterday as growth concerns and rate hike expectations add to the bearish trend. EIA inventory build could add to the sell off

The British Pound hit a 37-year low on Wednesday against the US dollar and despite a small bounce, lower prices look increasingly likely.

The DAX rallied to record its best day in a month gaining 280-odd points while the FTSE lagged.Technical roadblocks and ECB conference lie in wait.