Pelosi: There will be no agreement on a COVID relief bill tonight

Ross J Burland FXStreet

There will be no agreement on a COVID-19 relief bill tonight, Nancy Pelosi said, reported by Politico.

NEW .. we just caught up w @SpeakerPelosi as she came off the House floor

— NO COVID AGREEMENT tonight. Pelosi ruled it out
— she said “I don’t know” when asked to opine about the odds for an agreement.
— Jake Sherman (@JakeSherman) October 1, 2020

DXY technical analysis

Meanwhile, the US dollar could be about to make a U-turn over the coming days, according to the above 5-wave analysis on the daily chart.

Fundamentally, ongoing uncertainty could trigger a more defensive approach in currency markets as hopes of any pre-election fiscal stimulus slip away.

Equity markets remain vulnerable.

Author

Ross J Burland

FXStreet

Ross J Burland, born in England, UK, is a sportsman at heart. He played Rugby and Judo for his county, Kent and the South East of England Rugby team.

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