S&P 500 Futures cheer hopes of economic recovery even as reflation fears challenge the bulls. Sino-American tension, Houthi-Saudi tussle question the moves amid a light calendar. S&P 500 Futures seesaws around 3,845, up 0.15% intraday, during early Monday. In doing so, the risk barometer begins the week on a front foot while justifying the US policymakers’ push to the much-awaited coronavirus (COVID-19) stimulus. US Senate finally backed President Joe Biden’s $1.9 trillion covid relief package with 50-49 votes during late last week. The bill, called American Rescue Plan Act, will now be discussed in the House and maybe voted on Tuesday. Elsewhere, China’s Foreign Minister Wang Yi urged the US, per Bloomberg, to “stop crossing lines and playing with fire” on Taiwan. On the same line, Iran-backed Houthi rebels say they targeted Saudi oil port, said the Wall Street Journal (WSJ). The economic calendar is mostly silent after the latest Japanese Trade Balance for January, ¥-130.1 B, crossing paths with China’s Trade Balance (USD terms) for January-February, up 60%. Amid these plays, US 10-year Treasury yields rise 3.1 basis points (bps) to 1.585% whereas stocks in Asia-Pacific stay positive by the press time. Looking forward, investors will keep their eyes on the US traders’ reaction to the market-positive news, especially after Friday’s upbeat NFP. However, further run-up in the US Treasury yields may challenge the bulls and favor the US dollar upside. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next US stimulus progress likely to lift yields FX Street 1 year S&P 500 Futures cheer hopes of economic recovery even as reflation fears challenge the bulls. Sino-American tension, Houthi-Saudi tussle question the moves amid a light calendar. S&P 500 Futures seesaws around 3,845, up 0.15% intraday, during early Monday. In doing so, the risk barometer begins the week on a front foot while justifying the US policymakers' push to the much-awaited coronavirus (COVID-19) stimulus. US Senate finally backed President Joe Biden's $1.9 trillion covid relief package with 50-49 votes during late last week. The bill, called American Rescue Plan Act, will now be discussed in the House and maybe voted on… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.