Most likely, the speech of the Federal Reserve's head will not cause noticeable movements in the market. The dollar has strengthened significantly, and it does not make sense for the Fed to conduct "verbal interventions" in the dollar. Nevertheless, the Fed will not reduce the rate further.
Update on the epidemic in China: the number of deaths has risen to 1,100. The growth rate of infected decreased from 10% per day last week, to just +5% per day. On the morning of February 12, 45 thousand cases were recorded.
Apart from that, the market is quiet.
EUR/USD: Euro is still under strong selling pressure.
The correction on Tuesday was very weak and only reached up to 1.0925.
Ahead, on the way down, is a strong level of 1.0880.
Keep selling from 1.0990.
Sales are also possible from 1.0950.