Major markets are seeing a slightly more risk positive outlook for the new trading week, although it is only really in the equities space where the impact is being truly felt. Futures in the US are breaking to all-time highs today. The dollar rally on pause today is helping this, even if forex majors look a little tentative in a risk rally, whilst bond yields are all but flat. In the US, the FDA authorising a treatment for COVID patients is seen as encouraging. Asian markets held a positive bias overnight, whilst US futures are pushing to record highs this morning in the US. There is a sense of stability in the forex majors today, where the dollar rebound that was a feature of the latter part of last week is settling down. The short covering dollar rally that set in following the FOMC minutes last week, is on pause for now. Traders will be spending the next few days weighing up their options ahead of a key note speech by Fed chair Powell at the Jackson Hole economic symposium on Thursday.