Economic calendar: Powell and Yellen in the spotlight

• European markets seen opening lower

• Powell and Yellen to testify in Congress

• Numerous Fed members to speak throughout the afternoon

Futures markets hint at a lower opening of today's European cash session. Reports saying that the project of the next $3 trillion stimulus bill is almost ready have been making some noise overnight but it did not manage to impact sentiment significantly.

Today's main event is testimony of Fed Chair Powell and Treasury Secretary Yellen before the House panel. Powell and Yellen will speak on the economy and relief actions. Apart from that, a number of other Fed members will also deliver speeches today therefore the US dollar may become more active in the afternoon.

9:00 am GMT - Poland, unemployment rate for February. Expected: 6.6%. Previous: 6.5%

2:00 pm GMT - US, new home sales for February. Expected: 875k. Previous: 923k

3:00 pm GMT - US, Richmond Fed index for March. Expected: 15. Previous: 14

4:00 pm GMT - Powell and Yellen testify in Congress

8:40 pm GMT - API report on oil inventories. Expected: -0.9 mb

Central bankers' speeches

• 11:50 am GMT - BoE Governor Bailey

• 1:00 pm GMT - Fed Bullard

• 2:10 pm GMT - Fed Bostic

• 5:25 pm GMT - Fed Brainard

• 6:45 pm GMT - Fed Williams

• 7:45 pm GMT - Fed Brainard

• 8:20 pm GMT - Fed Bullard