All eyes will turn today towards the US once again to see a political event everyone has been waiting for.
At 10:00 a.m. Eastern time, James B. Comey, the former FBI director will testify in front of the Senate Intelligence Committee, and millions of Americans are likely to pause what they are doing and watch this testimony.
Financial Aspect: Multiple Threats Today
There are many economic and political events taking place today that are likely to have a notable impact on the markets across the board.
Eyes are on the British national elections in addition to the European Central Bank’s monetary policy meeting and finally the former FBI director testimony.
Therefore, markets are likely to be unstable, and volatility is likely to be on the rise all day.
What Do We Know?
Yesterday, Mr. Comey published his prepared remarks for the Senate committee, revealing no big surprise, leading the US equities to stay in Green.
However, Mr. Comey testimony is still considered as a significant event, despite the fact that his prepared remarks showed no bombshell revelations.
According to Comey’s prepared remarks, and the committee is expected to ask some tough questions.
Full article: https://www.orbex.com/blog/2017/06/all-you-need-to-know-about-comey-testimony/