Later in the session, several Fed speakers will appear, potentially reiterating the same song all over again - the Fed won't change its monetary policy anytime soon, and soaring inflation will only be temporary.
Elsewhere in the US, Republicans said that a reduction in President Joe Biden’s infrastructure bill, from 2.25 trillion USD to 1.7 trillion USD, was still not enough to consider a deal.
The US dollar continues in its downtrend, and as long as that is the case, commodities and stocks are expected to be bid.
Oil is quickly erasing last week's losses, trading 1% stronger today, while precious metals continue higher every day now.
US yields look stabilized, with the 10-year yield hovering at around 1.6%. At the same time, inflation expectations are moving higher, resulting in the decline of real yields.
In Crypto, main currencies have held their supports, and a strong bounce is seen today, with Bitcoin up 7%, trading at around 36.800 USD. Thus, the long-term uptrend still seems valid.