The US dollar is drifting lower in European turnover, helping underpin EUR/USD ahead of Fed chair Powell's testimony later this week.

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WTI crude continues last weeks sharp decline as risks of a US recession filter through markets after the Feds 75 bps hike. EIA report sees return to demand growth in 2023

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Outlook becoming a little less bearish for stocks and bonds as oil slides

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Little has changed in GBP/USD price action since last week as traders look ahead to key economic data later this week.

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Bitcoin has come under further pressure as rate rises from the Fed, BoE and SNB last week are starting to add up to a risk asset rout. What will turn BTC/USD around?

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