-The Fed Chair's insistence that the FOMC's...>

FOREX: -The Fed Chair's insistence that the FOMC's tightening path will be

'gradual' as interest rates enter neutral territory was enough for markets to

shy away from the USD, injected currency markets with volatility that was

otherwise lacking Wednesday. Powell's comments reversed weakness in GBP/USD,

EUR/USD and AUD/USD among others to send the greenback to last place in the G10

table.

-Antipodeans were the primary beneficiaries, with NZD/USD showing above the

200-dma for the first time since April this year - a resistance level that's

kept the pair capped since mid-November.

-GBP underperformed most others as the Bank of England released their Brexit

scenario analysis, warning that a no transition, no deal Brexit could send GBP

lower by as much as 25%, prompting the worst recession since WWII. GBP/USD held

up, however, but remains lower on the week.

-Fed minutes are the highlight Thursday, but French GDP, regional German CPI

figures Eurozone confidence figures and US personal income/spending will also

draw attention. Speakers from the BoJ, ECB and Fed are also due.