The Australian Dollar fell alongside US equities overnight after Fed Chair Jerome Powell's commentary before Congress spooked the market. The 2022 BRICS Summit is in focus for APAC traders.

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The limited reaction to the Fed’s semi-annual testimony may lead to a near-term correction in USD/CAD as the RSI reverses ahead of overbought territory.

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After trading higher for most of the day, the S&P 500 turns lower and notches a small loss, weighed down by fears that the Fed may spark a recession in the process to tame inflation.

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Demystify the concept of the gamma squeeze by uncovering its foundations, causes and examples in this practical article.

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Equities erase premarket losses as Fed Chair Jerome Powell testifies on Capitol Hill.

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