Trading Patterns

Market reaction to US midterm elections should be quite muted – Danske Bank

Digital crypto currency trading, FOREX and stock exchange, 3D graph chart analysis symbol futuristic technology concept. Future finance business investing innovation.

Today, the center of attention is on the US midterm elections. Economists at Danske Bank do no longer count on the election end result to be a most important market mover in the near-term.

US midterm elections today
“Republicans are favoured to win manage of each House and Senate, though the Senate race stays a shut call.”

“If republicans win the Senate by using a slim margin or if Democrats are capable to hold the Senate, market response ought to be pretty muted, as main adjustments in fiscal coverage would be tough to pass.”

“The (modest) risk-scenario for markets would be a clear victory for Republicans additionally in the Senate, as this may want to make bigger the threat of extra expansionary (and inflationary) fiscal insurance policies amid the looming recession.”

Related posts
Trading Patterns

Fed induced volatility of USD exchange rates to continue even after the summer – Commerzbank

Fed Chair Powell struggled to sound convincing about a hawkish Fed over the coming months.
Read more
Trading Patterns

USD Index remains consolidative around the 106.00 region

The index fades Thursday’s uptick and stays close to 106.50. US yields recede marginally following…
Read more
Trading Patterns

WTI Price Analysis: Mildly offered near $85.50, further downside hinges on monthly support break

WTI stays compelled closer to a one-month-old ascending guide line. Bearish MACD signals, disasters…
Read more
Become a Trendsetter
Sign up for Davenport’s Daily Digest and get the best of Davenport, tailored for you.

Leave a Reply

Your email address will not be published.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