Australian dollar stretches gains
Risk trades are at the best levels of the day as traders bet on US stimulus bill. A clear winner at the moment is AUD/USD, which has pared its earlier losses to nearly nil.
The latest leg in the improvement came after Nancy Pelosi's upbeat comments about the prospects for a stimulus deal in Congress. There will be a phone call between her and Steve Mnuchin at 3 pm ET and headlines coming from that will be big.
If you're trading right now, you have to ask yourself: Do you trust politicians?
If you are in, I suggest managing risk with technicals and watching the news and clock very carefully in the next 2-3 hours.
