It's been an unevenful European session as the lack of economic data kept the markets at bay. The focus will now switch to Fed Chair Powell as he testifies to Congress. The expectations are for him to keep a neutral tone although he might lean more on the dovish side following the recent US data.

In the markets, the US Dollar is flat on the day as well as equities and gold. Treasury yields are a bit higher, while Bitcoin is up roughly 1.5% as the cryptocurrency continues to consolidate around the recent lows.