News

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.
ForexLive

Articles You May Like

Gold retreats from daily highs, continues to trade above $1,500
Japanese, South Korean Foreign Ministers to meet in Beijing on Wednesday
EUR/USD, EUR/JPY Coil into Symmetrical Triangles Ahead of Eurozone PMIs, Jackson Hole
China’s Commerce Ministry warns US to stop wrong trade actions or face consequences
The key to trading fresh sentiment

Leave a Reply

Your email address will not be published. Required fields are marked *