The US Dollar is coming off a busy week of FOMC-filled action, but the economic docket remains full of event risks. Mr. Powell’s testimony is among the most important.

The Australian Dollar was boosted by a suddenly hawkish RBA signalling a much higher rate path. If commodities hold up and China loosens up, will AUD/USD go higher?

Oil sold off during the week and fell to its lowest level in nearly a month on growing recession fears, but the commodity could rebound soon, supported by extremely tight energy markets.

Gold on course for first weekly drop in a month. However, range trading is likely to persist.

Equities slump after Hot CPI. Rally Sellers Remain Dominant

The Dow Jones, S&P 500 and Nasdaq 100 tumbled in the worst week since early January. Surging inflation has everyone eying the Fed, BoE and BoJ. Will the US Dollar continue rising alongside Treasury…

The Euro is struggling to rise despite an increasingly hawkish European Central Bank as competition gets stiff between its major peers. Where to for EUR/USD with the Fed’s turn next?

The Japanese Yen’s descent continued last week after an inflation print firmed up the US Dollar. A dovish Bank of Japan is unlikely to take action despite the extreme weakness. Will JPY fall further?

The Swiss Franc’s rapid decline of late may be in for further weakness ahead of the SNB and Fed rate decisions respectively, while USD/CHF looks to test 1.00.

The U.S. dollar is likely to rise next week if the Fed signals at its June meeting that it will have to raise rates more aggressively in response to broadening inflationary pressures.