eFXdata reports that Danske Research discusses its expectations for Fed Powell's Speech.

"With little actual news, EUR/USD remains largely unchanged and follows mostly risk sentiment. Nonetheless, we note the German IFO index posted a decline in line with many other activity indicators. This confirms a peak in the pace of expansion for the manufacturing cycle, at least for now. We continue to expect further evidence of such peak amid a more hawkish Fed will contribute to a stronger dollar over the coming year. Short-term, markets will focus on Powell speaking, although we do not expect him to make any major changes to policy signals," Danske adds.