Powell will testify on the semiannual monetary policy report at 1400 GMT
Just take note that whatever he is going to be touching on has already been released .

Forex news from the European morning session – 16 June 2020
Headlines:
Markets:
– GBP leads, EUR lags on the day
– European equities higher; E-minis up 1.2%

BofA reveals in their June fund manager survey
– Cash levels fall from 5.7% to 4.7% – biggest monthly decline since August 2009
– Growth expectations are jumping
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South Korea officially responds to the destruction of the inter-Korean liaison office in Kaesong earlier in the day
– North Korea should take all responsibility from here onwards
It could just be a symbolic move by North Korea earlier, in saying that tensions between the two have soured quite substantially. But if this develops into a higher

Risk sentiment is still on the optimistic side
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The DAX is holding gains close to 3% with European indices posting gains of over 2% in general currently, and S&P 500 futures are also up by 1.1% with Dow futures up 1.6%.

Reflation narrative
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Forex news from the European morning session – 15 June 2020
Headlines:
Markets:
– CHF leads, AUD lags on the day
– European equities lower, but off lows; E-minis down 2.0%

European Commission president Ursula von der Leyen is upbeat ahead of talks with UK prime minister Boris Johnson later today
As she mentioned, the meeting will also involve European Parliament president, David Sassoli, and European Council president, Charles Michel.

According to Italy’s health ministry
That is decent sum of money but it also sort of tells you the agenda that governments are looking to run in the coming months to alleviate fears surrounding the virus outbreak.

Central banks
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