Stocks put in a reversal mid-day in yesterday session but were able to grasp on to key supports today. The next major driver is CPI on Thursday.

The US Dollar has run into a major spot of support and EUR/USD has just set a fresh seven-month-high.

Global equities have steadied after a strong rally, buoyed by USD weakness. With Dax futures falling from the recent high of 14894, bullish momentum has subsided prices lower.

Banks are expected to issue profit warnings for 2023 ahead of their Q4 earnings reports later this week. S&P 500 fails to follow through on bullish momentum

Gold prices remain around seven-month highs on hopes that the vast bulk of US interest rate hikes is now behind us.

The recent EUR/USD rally has seen the pair print a fresh multi-month high with US dollar sellers in charge of the move

WTI crude is trading at a key area of confluence ahead of Jerome Powell’s speech.