The latest rejection above 1.23 is accompanied by losses in the Asian equities and the US stock futures. Major news agencies such as The New York Times are predicting a Democrat victory in Georgia elections. “Both Democrats remain heavily favored, despite their deficit in the tabulated vote. They’re favored to win the vote left to be counted by 9 to 10 points,” The New York Times’ Nate Kohn tweeted a few minutes ago.

A Democratic sweep will give the party control of the Senate and pave the way for President-elect Joe Biden to push through greater corporate regulation and higher taxes, and bigger fiscal stimulus.

Markets are currency focusing on prospects of greater corporate regulation and higher taxes, as evidenced by the stock market losses. EUR/USD may extend losses if the risk aversion worsens during European hours.

Data-wise, the focus will be on the German Consumer Price Index for December. The data due at 13:00 GMT is expected to show the cost of living rose 0.7% month-on-month in December versus November’s 1% drop. A bigger-than-expected rise is needed to help the pair establish a foothold above 1.23. The US FOMC minutes, due at 19:00 GMT, could also inject volatility into forex markets.

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In an interview with Variety, the Speaker of the House opened up about her hopes for the nomination process and her frustrations with the Trump administration.

“I have real problems with this president because he doesn’t tell the truth, he doesn’t honor the Constitution and he’s harming children,” Pelosi said, The Independent reported.

“The greatness of America is such that we will withstand what (he) has done and move on from that. I feel confident about our ability to do that.”

Pelosi went on to say she wanted the Democrats to “winnow” down the field of candidates so they could focus on fighting Trump because the country “can’t withstand another four years”.

“We have the most dangerous person in the history of our country sitting in the White House,” Pelosi said. “That’s different from what happened in 2016. People thought Hillary would win so they didn’t all turn out. Nobody could possibly think that somebody like Donald Trump could be elected president of the United States. But if you don’t turn out, those who do turn out will call the shots.”

Pelosi, the highest-ranking Democrat, has publicly insisted the party would rally around any chosen nominee but has privately contended with concern within the party about Sanders’ radical agenda and its likely impact on congressional races.

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TEHRAN (Iran News) – Democratic prosecutors declaring “no one is above the law” went head to head with White House lawyers as closing arguments wrapped up at President Donald Trump Senate impeachment trial, setting the stage for his likely acquittal on Wednesday.

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TEHRAN (Iran News) – Closing out their case, House Democrats warned in Trump impeachment trial that the president will persist in abusing his power and endangering American democracy unless Congress intervenes to remove him before the 2020 election.

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The former US first lady, senator, and secretary of state, Hillary Clinton, also refused to say whether she would endorse Bernie Sanders if he becomes the Democratic Party’s nominee to run against Republican President Donald Trump in November’s US presidential election.

Her comments on Tuesday generated anger among Sanders’ supporters, who called on Clinton to support the candidate the party backs in their bid to remove Trump from the White House.

“He was in Congress for years. He had one senator support him,” Clinton says in a four-part documentary due to air in March.

“Nobody likes him, nobody wants to work with him, he got nothing done. He was a career politician,” Clinton, the spouse of former President Bill Clinton says in the documentary.

Sanders, a senator from Vermont, is among the leading candidates in the 2020 Democratic presidential nomination.

Sanders has been steadily climbing in popularity this year and is now tied with former Vice President Joe Biden for the 2020 Democratic presidential nomination among registered voters, according to a Reuters/Ipsos national poll released this week.

The poll shows that Sanders’ standing does not appear to have been hurt by his recent confrontation with Senator Elizabeth Warren, another presidential hopeful, over his views of women and politics.

Sanders nearly defeated Clinton four years ago in an acrimonious, months-long battle for the party’s nomination. Clinton won that race but lost to Trump. She has criticized Sanders and his supporters for not sufficiently backing her in the presidential vote.

Interviewed by The Hollywood Reporter about the documentary, Clinton stopped short of saying she would support Sanders if he won the nomination this year.

“I’m not going to go there yet. We’re still in a very vigorous primary season,” she said.

But in a tweet on Tuesday night, Clinton backtracked on her position, saying she would endorse Sanders if he wins the Democratic nomination.

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Trump distorted his record on the economy and fell back on an old false claim about making Mexico pay for his border wall that served as a counterpoint to Tuesday’s Democratic presidential debate, The Associated Press said in an analysis on Wednesday.

During giving his speech at a reelection campaign on Tuesday in Milwaukee, Wisconsin, Trump claimed he’s created a “blue-collar boom” for low-income workers in the US.

“More than 300,000 people under Obama, 300,000 people, left the workforce. Under just three years of my administration, 3.5 million people have joined the workforce,” Trump said at the rally.

The AP said Trump is wrong about former President Barack Obama’s economic record. More than 5 million people joined the US labor force during Obama’s presidency, according to Labor Department figures.

Trump also claimed that the updated trade between the US, Canada and Mexico will pay for a wall along the US-Mexico border because of economic benefits he predicts will come from the agreement.

The USMCA deal, which will replace NAFTA, has been signed by the three nations but not yet ratified. The agreement preserves the existing liberalized environment of low or no tariffs, with certain improvements for each country.

However, nothing in the trade agreement would cover or refund the wall construction cost or require a payment from Mexico, the report said.

Instead, Trump is assuming a wide variety of economic benefits that can’t be quantified or counted on. For example, he has said the deal will dissuade some US companies from moving operations to Mexico and he credits that possibility as a payment by Mexico.

Turning to the US economy during the rally, Trump said: “The lowest-paid earners are reaping the biggest, fastest and largest gains. Earnings for the bottom 10% are rising faster than earnings for the top 10%, proportionally.”

The AP said Trump’s claim that the biggest pay hikes are going to the poor is also misleading. The top 10% of US earners saw the biggest raises of any income bracket over the past year, according to the US Labor Department.

When the Labor Department looked at the gains by quartile, weekly earnings grew at faster rates at the top levels than the bottom 25%.

“We’ve created 7 million jobs since the election including more than 1 million manufacturing and construction jobs. Nobody thought that was possible,” Trump said.

But the AP said those figures are less impressive than what Trump claims. Government figures show that the job gains under Trump over the past three years were lower than during the final three years of Obama’s presidency.

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Democrats leader in Senate, Chuck Schumer and Senator Tim Kaine, the measure’s sponsor, said they had at least 51 votes for a joint resolution that would limit the power and require Trump to seek congressional authorization for military action against Iran, Reuters reported.

To become law, the measure must pass the House of Representatives and either be signed by Trump or garner a two-thirds majority in both houses of Congress in order to override his veto.

Many members of Congress, including some of Trump’s fellow Republicans as well as Democrats, have been pushing the administration for more information about the assassination this month of top Iranian commander Lt. General Qassem Soleimani at Baghdad’s airport.

Trump did not inform Congress about the strike until after it took place and then, according to many lawmakers, his administration kept back too much information about the reason for the strike or the legal justification.

Criticism grew as Trump and his top officials have offered shifting justifications for the drone strike. Trump himself fuelled controversy by saying on Twitter that “it doesn’t really matter” whether Gen. Soleimani posed an imminent threat.

Kaine said four Republicans – Senators Rand Paul, Mike Lee, Susan Collins and Todd Young – had agreed to support the war powers resolution he introduced on Jan. 3.

In a statement, Collins said Kaine’s resolution would let Trump respond to aggression from a hostile nation or repel an attack. “It simply makes clear that only the Legislative Branch may declare war or commit our armed forces to a sustained military conflict with Iran,” she said.

Senate leaders are working out the timing of a Senate vote, likely next week, which is complicated by Trump’s Senate impeachment trial starting within days.

The House passed legislation known as a concurrent resolution last week, which called for an end to military action against Iran unless Trump obtained Congress’ approval.

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“I believe whoever the Democrat is next year is going to win by 4 to 5 million popular votes,” the Oscar Award documentary filmmaker and activist has told Democracy Now.

“The problem is… if the vote were today, I believe, he [Trump] would win the electoral states that he would need because living out there, I will tell you, his level of support has not gone down one inch.”

“In fact, I’d say it’s even more rabid than it was before because they’re afraid now. They’re afraid he could lose because they watched his behavior.”

“They are voracious in their appetite for Donald Trump,” Moore added, “that’s the bad news.”

In 2016, Trump’s opponent, Hillary Clinton, secured the popular vote with a sizable lead of 2.8 million votes, tantamount to 2.1 percent of the total vote.

Nonetheless, Trump comfortably won the election by winning key states, thanks to the so-called Electoral College system.

The system overrides the popular vote, which gives the victory to the candidate winning the most ballots. It instead makes 538 electors across different states that are chosen based on each state’s representation in Congress, liable for electing the chief executive. Therefore, if a contestant secures at least 270 of the electoral votes, they have won the presidential race.

Opponents say the system counters the fundamentals of a democratic republic, calling for its abolition.

In his interview, Moore also warned Democrats against choosing a so-called moderate candidate like “Hillary Clinton,” saying they might lose again.

“If we go that route, it’s guaranteed we will lose the Electoral College. We will win when we put somebody on that ballot that excites the base – women, people of color, young people,” he said.

A new poll released last week showed Senator and Democratic presidential candidate Bernie Sanders had overtaken former Vice President Joe Biden in head to head matchup with Trump.

The survey, conducted between December 18 and 19 by Ipsos/Reuters, found that 39 percent of US vote favored Sanders over Trump, compared to 37 percent who preferred Biden over the Republican president who could win.

Moore has supported Sanders for the Democratic nomination but did say he would be satisfied with Senator Elizabeth Warren of Massachusetts as the candidate.

His remarks came as the House of Representative impeached Trump on December 18 over allegations that the president had abused his power by withholding $391 million in US security aid to Ukraine as leverage to pressure Kyiv to conduct an investigation that would benefit him politically.

And according to a new poll released last week, a majority of Americans approve of Trump impeachment.

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A former Democratic governor of Hawaii called on the presidential hopeful on Monday to immediately resign from her seat in the lower chamber of US Congress.

Neil Abercrombie, who led the state from 2010 to 2014, personally phoned Tulsi Gabbard for voting in favor of Trump.

“I’ve left a detailed message for her as to what I was thinking, what I was doing and what I hoped she would do,” Abercrombie told Politico in a phone interview following his announcement. “I’m sure she pays attention to her voicemail.”

Abercrombie is a former longtime House member, who has himself resigned from Congress.

“Trying to do my job in Washington and run for office, another office, in Hawaii was just too difficult. I couldn’t do it,” he recalled. “I had hoped maybe I could do it, and it became obvious that I couldn’t. So I resigned my seat.”

In a historic vote on Wednesday, the lower chamber of US Congress voted to impeach the president over-pressuring Ukraine for personal political gain.

“Then she didn’t vote on the budget for next year… I thought, ‘That’s it.’ Regardless of what her intentions were or what her motivations are, she’s not able to do the job for the 2nd District,” Abercrombie said. “The bottom line for me is simple… I believe that the only really honorable thing to do and sensible thing to do and politically forthright thing to do is to resign the seat, let us have a special election and then see whoever wins that seat whether they can do a good enough job to win a primary in August and a general election next November.”

The majority of the lawmakers supported both articles of tulsi gabbard, abuse of power and obstruction of Congress. The abuse of power article was passed on a 230-197 vote and the obstruction article was passed by 229-198.

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TEHRAN (Iran News) – Democrats unveiled two impeachment charges Tuesday against US President Donald Trump after weeks of arguing there is overwhelming evidence that the US leader abused his office and deserves to be removed.

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