Tuesday started pretty slow with the UK inflation hearing coming out only at 6.00 pm. Bank of England Governor Mark Carney has told parliament that the inflation level will hit 2% in "reasonable time". It`s still a pretty vague time frame in my opinion and with the recent data, action is necessary for the inflation rate to hit the target.
In terms of forex movements, the pound gained against the Euro to a 7 year high.
The European Central Bank President Mario Draghi unveiled the new 20 euro note in Frankfurt.
Consumer confidence fell in the US to 96.4, missing estimates of 99.6 and the previous period`s 103.8.
Later, the FED Chair, Janet Yellen testified. Clarence Lim, a trading associate mentioned that nothing was new and it was dovish.
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