Major US indices kicked off the shortened trading week in the red, although the sharp paring of losses mid-day especially in the Nasdaq may still reflect some strength in buyers.

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Bitcoin prices extend recovery, soaring past a major trendline resistance following news that EDX markets has kicked off operations.

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The Bank of England is likely to raise benchmark rates this week as signs of secondary effects of inflation appear. Rate expectations to support GBP/USD

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Gold prices drop on Tuesday amid U.S. dollar strength following solid U.S. economic data ahead of Powell’s testimony before Congress later in the week.

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In an relatively lackluster FX market, the Japanese’s Yen volatility is something of a rarity and is at least giving traders something to work with.

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