Trump wins North Carolina, no surprise, focus is on the Senate


Decision Desk HQ has reported that the US President Donald Trump has officially taken the state of North Carolina, which is no surprise and confirms that media tallies which market already knew.

15 electoral votes have been confirmed.   

Meanwhile, whether Trump can reverse the outcome of the election by proving that there were enough invalid votes in enough states to win the 270 electoral votes for victory is a far cry.

 Turning around the results in any other particular state, even in Pennsylvania, will not achieve enough votes and he has to prove a difference in several states. 

So far, Trump and his campaign continue pushing on to contest the election results tooth-and-nail.

Pennsylvania is contested because of the extended deadlines and blocking of observers. The time it has taken for officials to count ballots, according to the Republicans is a sign of something fraudulent happening. 

Michigan is being contested on unfounded claims of a lack of transparency.

Arizona is contested on rumours that some voters had their ballots incorrectly rejected because they used Sharpies to fill them out. 

Georgia apparently counted late ballots and in Nevada, the Republican party claimed that "irregularities have plagued the election" in clark county, the state's most populous county. However, there is no evidence.

The markets have made up its mind, as has much of the world, that 2021 there will be a Democratic leader in the White House. 

However, what is mostly key, is the Senate.

As it stands, a divided Congress, with the GOP holding the Senate is Wall Street's preferred outcome and positive for risk sentiment. 

In the latest comments from Senate Majority Leader Mitch McConnell, he has told reporters that he sees no need for multi-trillion dollar coronavirus relief bill.

He will be speaking to Pelosi about spending bills soon.

This can transpire into a less weak US dollar, as we have seen on the charts this week:

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

Feed news

Latest Forex News


Latest Forex News

Editors’ Picks

EUR/USD remains bid and approaches 1.1650 after US data

The persevering selling pressure in the greenback helps EUR/USD advancing to the area of daily highs near 1.1650 on Friday. The data from the US showed on Friday that the economic activity in the private sector continued to expand at a robust pace in early October.

EUR/USD News

GBP/USD treads water near 1.3800 after mixed UK data

GBP/USD came under bearish pressure in the early European session after the data from the UK showed an unexpected contraction in September Retail Sales. However, the British pound managed to pare its losses with the Markit PMI figures surpassing analysts' estimates.

GBP/USD News

GBP/USD treads water near 1.3800 after mixed UK data

GBP/USD came under bearish pressure in the early European session after the data from the UK showed an unexpected contraction in September Retail Sales. However, the British pound managed to pare its losses with the Markit PMI figures surpassing analysts' estimates.

GBP/USD News

Crypto bulls unfazed by flash crash

BTC closed more than 5% lower on the Thursday session, but buyers have stepped in to hold the Tenkan-Sen as support. ETH action shows that the recent rejection has caused some indecision. XRP does not have far to move to initiate a massive bullish breakout.

Read more

Apple talks over battery supplies for EV stall-Reuters

Apple (AAPL) is on a steady move higher ahead of results next week. We have had solid earnings from big names already such as Tesla (TSLA) and Netflix (NFLX), but Apple is the biggest one of all and will be the highlight of the earnings season for many.

Read more

Forex MAJORS

Cryptocurrencies

Signatures