S&P 500 Futures fails to extend the previous day’s pullback from record top. Chatters surrounding US President Trump’s impeachment, covid stimulus entertain markets. Fed policymakers remain cautiously optimistic even as virus spreads. S&P 5000 Futures seesaw around 3,795-3,800, up 0.12% intraday during early Tuesday. The risk barometer stepped back from the all-time high on Monday. While uncertainty over US President Donald Trump’s reign joins the coronavirus (COVID-19) woes to weigh on risks, hopes of the US fiscal stimulus and recently cautious optimistic comments from the Fed policymakers favor risks. Although Republicans managed to turn down the Democratic Party-led first attempt to impeach US President Donald Trump, Joe Biden and company stays ready to put the proposal once more to oust the Republican leader. Chatters over geopolitical threat for the US before Biden takes over the White House also challenge the mood. Virus updates have been downbeat despite a jump in global vaccinations. Recently, Japan’s Kyodo News suggest further emergencies while New Zealand is also eyeing to tighten foreign arrival checks. Elsewhere, China finally agreed to cooperate with the World Health Organization (WHO) to allow them to investigate the covid traces. However, the US may still unlike it while Beijing may hate its recent ties with Hong Kong and Taiwan. Furthermore, US President-elect Joe Biden teased “new stimulus program “in the trillions of dollars” and probed the risk-off mood. It should be noted that Fed policymakers from Dallas and Richmond remain expected economic recovery during the second half of 2021 and favored the risk-on sentiment off-late. Amid these plays, the US dollar index (DXY) wavers around a three-week top while stocks in Asia-Pacific are mildly bid. Also portraying the -on mood are the upbeat US 10-year Treasury yields, currently up 1.6 basis points (bps) to 1.15%. Looking forward, a lack of major data/events will keep US politics and COVID-19 updates on the driver’s seat. 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 Dollar index eyes 50-day SMA as rising US yields shake out shorts FX Street 11 months S&P 500 Futures fails to extend the previous day’s pullback from record top. Chatters surrounding US President Trump’s impeachment, covid stimulus entertain markets. Fed policymakers remain cautiously optimistic even as virus spreads. S&P 5000 Futures seesaw around 3,795-3,800, up 0.12% intraday during early Tuesday. The risk barometer stepped back from the all-time high on Monday. While uncertainty over US President Donald Trump’s reign joins the coronavirus (COVID-19) woes to weigh on risks, hopes of the US fiscal stimulus and recently cautious optimistic comments from the Fed policymakers favor risks. Although Republicans managed to turn down the Democratic Party-led first attempt… Top 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.
