Financial analysts anticipate the Fed Chair's testimony to be the focal point of market movements today. Traders are exercising caution, refraining from significant positions as they await insights from Jerome Powell's congressional testimony, along with the European Central Bank's rate decision and upcoming U.S. jobs data.
Bitcoin experienced volatility, retracting from record highs reached briefly on Tuesday, while gold prices briefly surpassed December's peak before stabilizing.

Asia-Pacific
Markets exhibited a mixed performance, with Hong Kong stocks leading gains.
The Japanese Yen is currently testing support around the 149.30 level, while the Aussie remains below resistance at approximately 0.6540.

Europe
Anticipation builds ahead of Britain's finance minister Jeremy Hunt's budget speech, with the pound and government bond yields rising. Expectations for tax cuts ahead of the upcoming election are high, potentially including a reported 2 percentage point reduction in social security contributions.
Meanwhile, the European currency faces resistance below the 1.09 mark, with the Sterling hovering under the multiply tested resistance near 1.2750.

America
Wall Street experienced its worst day in nearly three weeks, setting a tense atmosphere for Jerome Powell's congressional testimony. Markets are becoming uneasy about various factors, including geopolitical tensions and inflation concerns.

Attention also turns to the Bank of Canada's policy rate decision, with expectations for no change at 5%. Investors await clues on inflation from Governor Tiff Macklem's post-decision interview.
Canada's dollar remains stable amid these developments.