No sign of progress on Congressional talks on stimulus


content provided with permission by FXStreetRead full post at forexlive.com

Benefits expire today

We’re waiting for comments from Nancy Pelosi and Mark Meadows on stimulus negotiations. NBC offers a look at why they’re stalled as the extra $600/week runs out.

I get the sense there is still some cautious optimism about something on Monday. Cramer has White House ties and said that Mnuchin wants to get it done. These talks are so tough to handicap. At the moment we need to trade off vague comments.

I sense that Democrats believe they have the leverage to get what they want but Republicans might sense they’re behind in the polls and want to gamble on playing hard ball.

For bank trade ideas, check out eFX Plus