Democrats secure the needed 218 seats to gain control of US House

It’s official now

Headlines will read that this will give them the authority to investigate Trump and pose further challenges towards his agendas but barring Congressional gridlocks, there won’t be much of a change for markets in general in my view.

This was the expected result heading into the elections and the Senate is still held by Republicans, who actually widened their lead at that level.

The dollar remains on the weaker side from the results as European traders so far are siding with the initial response seen in Asian trading. EUR/USD sits at 1.1456 currently, GBP/USD at 1.3145, and USD/JPY at 113.11.

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