Morning traders, the rise in energy prices are beginning to push inflation (meaningfully) expectations higher, that's NOT what the FED wants to reduce inflation so we need to be on our toes for some hawkish comments from Powell tomorrow, he has the chance to signal that the FED is unfazed by the recent developments in Europe and that their mandate is to lower inflation at all costs, and the surge in energy prices (and commodities) goes against that, in simple terms...what do we look for? we could be looking for some EURUSD (short term) shorts (or USDJPY longs) to keep into Powell's speech tomorrow, but I can't stress this enough, NO rush and NO FOMO in this environment, it's easy to see the markets moving fast and feel the need to do something, but in these volatile conditions the priority is keeping yourself protected and ready to seize the real opportunities once the dust settles, that's what long term consistency is made of, keep it professional