AUD/USD slides after the Reserve Bank of Australia hiked the cash rate by 25 basis points, in line with expectations. The focus now shifts to US Fed Chair Powell’s testimony later today and tomorrow. What’s next for AUD/USD?

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The Euro made some ground against the US Dollar on hawkish comments from ECB officials as the market awaits Fed Chair Powell’s commentary later today. Will EUR/USD trend remain intact?

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Oil prices rise despite China’s disappointing GDP growth target for 2023. Meanwhile, gold trades with a neutral bias as traders avoid taking large directional positions ahead of Powell’s testimony.

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US equities continue to rise after last week’s positive PMI data and optimism around China’s manufacturing sector & general reopening. Powell’s testimony and NFP up next

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The U.S. dollar falls on Monday as riskier assets rise, but Fed Chairman Powell could revive the greenback’s recovery if he takes a hawkish stance in his testimony before Congress this week.

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