Frozen for Yellen

The FED chaiwoman Janet Yellen is expected to come up some time in the evening today and the market seems to be sidelined waiting for her. The US inflation report didn't help matters either since the numbers came right on expectations. 

It started to move a bit when US traders got to their trading desks, but the moves were very minimal compared to what we got used to in the last few days. 

Donald Trump will enter White House on Friday as well, so that's another major forex event the market is awaiting. Who knows what surprises might come? 

There are rummours doing rounds in the financial circles that he might let down expectations regarding fiscal stimulus. We'll take a deeper look into it though, perhaps in the weekend.