Little has changed in the underlying economic fundamentals this week but a potential unwinding is underway in indices, especially tech/Nasdaq. We will hear from 4 Fed speakers today (Evans, Kaplan, Barkin & Daly) see more below. More US data strength emerged yesterday with the JOLTS job openings at 7367K in Feb compared to 6900K expected. The US dollar stabilises against most currencies following a 2-day retreat, but remains weak vs EUR and CHF. The charts below show that since the start of the day (after 10 pm London), CHF and EUR are the only currency strengthening via USD, while the Year-to-Date chart shows GBP and CAD are the strongest currencies of the year, while gold and silver are weakest.  Today is an opportunity for the Fed to make waves.