Mitrade Insights is dedicated to providing investors with rich, timely and most valuable financial information to help investors grasp the market situation and find timely trading opportunities.

2021

Best News & Analysis Provider

FxDailyInfo

2022

Best Forex Educational Resources Global

International Business Magazine

Insights

Analysis

Economics

US Election 2024: Trump takes must-win North Carolina, Republicans win Senate control

FXStreet

Updated

Reviewed by

Mitrade

Source: Shutterstock

Republican nominee Donald Trump is leading the US presidential race, most likely to become the 47^th president, leading Democratic nominee Kamala Harris in most of the battlegrounds after taking the must-win swing state of North Carolina. The resurgence of Trump trades has supported the renewed upside in the US Dollar (USD) and global stocks.

The current electoral vote tally is 227 for Trump and 189 for Harris, with the former US President taking hold of the swing states - Arizona, Georgia, Michigan, Pennsylvania and Wisconsin.

Meanwhile, Fox News called Republicans in control of the US Senate yet again. Republicans won a key Senate seat in Ohio, with Trump-endorsed nominee Bernie Moreno projected to defeat Democratic Sen. Sherrod Brown, according to CNN News, flipping yet another seat for the (Grand Old Party) GOP.

The main focus is on the control of the House. If Democrats take the House majority, it could be a ‘divided government, causing policy gridlock for the likely Trump administration. Democrats need to flip just four seats to win control of the lower chamber.

However, it appears that Republicans are still defending the control of the House by a narrow majority.

* The content presented above, whether from a third party or not, is considered as general advice only. This article should not be construed as containing investment advice, investment recommendations, an offer of or solicitation for any transactions in financial instruments.

Do you find this article useful?

US Presidential Election: Here’s Why Stocks, The US Dollar, Bitcoin and Bond Yields Are Moving Insights - The US Presidential election has taken place on Tuesday (5 November) and votes are continuing to be counted. However, according to exit polls, it seems extremely likely that former Presid

Author Mitrade

23 mins ago

Insights - The US Presidential election has taken place on Tuesday (5 November) and votes are continuing to be counted. However, according to exit polls, it seems extremely likely that former Presid

EUR/USD Price Forecast: The bearish outlook remains intact below 1.0900 The EUR/USD pair remains firmer near 1.0880 during the early European session on Tuesday. The uncertainty surrounding the US presidential election outcome weighs on the Greenback and provides some support to the pair.

Author FXStreet

Yesterday 06: 44

The EUR/USD pair remains firmer near 1.0880 during the early European session on Tuesday. The uncertainty surrounding the US presidential election outcome weighs on the Greenback and provides some support to the pair.

EUR: Boosted by weaker US Dollar – ING EUR/USD is back up this morning after a rollercoaster ride on Friday as US payrolls were released. This week will all be about the US election with probably very little contribution by the eurozone calendar, ING’s FX analyst Francesco Pesole notes.

Author FXStreet

Nov 04, Mon

EUR/USD is back up this morning after a rollercoaster ride on Friday as US payrolls were released. This week will all be about the US election with probably very little contribution by the eurozone calendar, ING’s FX analyst Francesco Pesole notes.

Weekly Market Outlook: U.S. Election and Fed Rate Decision May Trigger Market Volatility insights – This week, financial markets brace for two major events: the U.S. presidential election and the Fed's interest rate decision. Volatility is expected to spike, potentially causing signific

Author Mitrade

Nov 04, Mon

insights – This week, financial markets brace for two major events: the U.S. presidential election and the Fed's interest rate decision. Volatility is expected to spike, potentially causing signific

Japanese Yen appreciates despite limited liquidity, eyes on US presidential election The Japanese Yen (JPY) gains ground on Monday as the US Dollar (USD) declines, possibly driven by rising uncertainty surrounding Tuesday's US presidential election. However, JPY liquidity is somewhat limited due to the closure of Japanese markets for Sports Day, which prevents physical trading of US Treasuries.

Author FXStreet

Nov 04, Mon

The Japanese Yen (JPY) gains ground on Monday as the US Dollar (USD) declines, possibly driven by rising uncertainty surrounding Tuesday's US presidential election. However, JPY liquidity is somewhat limited due to the closure of Japanese markets for Sports Day, which prevents physical trading of US Treasuries.

Real-time Quote