The S&P 500 closes lower at the start of the week, despite an earlier rally triggered by Powell's renomination to Fed chair. Meanwhile, the XLF ETF climbs about 1.4% on rising bond yields.

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The shortened holiday week packs in all of its important events and releases on Wednesday.

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The Reserve Bank of New Zealand (RBNZ) interest rate decision may sway the near-term outlook NZD/USD as the central bank is expected to deliver another rate hike.

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Forex trading is short for foreign exchange, often called 'FX' and focuses on the exchange of one currency for another.

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Gold prices are getting crushed today after Chair Powell was nominated for a second term, giving more credence to the 'transitory' narrative around inflation.

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