|

US midterm election results: Too close to call in key states

From the Fox News Decision Desk:

Georgia, GA, Senate race too close to call. GA is a historically slow-counting state.

GOP senators who are projected to win re-election: Scott of SC, Paul of KY & Young of IN. Dem VT Rep Peter Welch succeeds Pat Leahy as Senator. Leahy has served since '75.

Polls just closed in Ohio, OH, & North Carolina, NC.

The Fox News Decision Desk says GOPer JD Vance has a slight lead over Dem OH Rep Tim Ryan. But, again, the race is too close to call.

CNN reports that Republican Gov. Mike DeWine will win reelection in Ohio and defeat Democrat Nan Whaley.

Also too close to call NC senate race between GOP NC Rep Budd & Dem Cheri Beasley.

Updates

Democrat Jerrold Nadler has won re-election for his New York House seat, AP says.

Marjorie Taylor Greene, one of America’s most conservative members of Congress, won re-election in her northwest Georgia district.

Ohio Governor Mike DeWine has won re-election. Kim Reynolds, Iowa’s governor, has also won re-election. Both are Republicans.

Anna Paulina Luna, a Republican, to win the 13th Congressional district In Florida, flipping the district, according to the Edison Research projection.

Meanwhile, Republicans have gained a net three US House seats previously held by Democrats, with 371 of 435 races still undecided.

Marco Rubio wins re-election. Ron DeSantis wins. Katie Britt wins the Alabama Senate race, Rand Paul wins the Kentucky Senate race and Markwayne Mullin and James Lankford wins the Senate races in Oklahoma.

The sentiment for the outcomes is US dollar bearish. A Republican win would cut down on fiscal spending that could exacerbate already-high inflation and lead the Fed to raise interest rates even higher than expected, analysts at Morgan Stanley wrote earlier this week. This potentially would be buoying the stock market's most recent rebound while supporting Treasury prices and helping curb the burgeoning US Dollar. 

US Dollar daily chart

The US Dollar is testing a key trendline support structure as the chart above illustrates. 

Author

Ross J Burland

Ross J Burland, born in England, UK, is a sportsman at heart. He played Rugby and Judo for his county, Kent and the South East of England Rugby team.

More from Ross J Burland
Share:

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

By subscribing you agree to our Terms and conditions.

Editor's Picks

EUR/USD recovers to 1.1750 region as 2025 draws to a close

Following the bearish action seen in the European session on Wednesday, EUR/USD regains its traction and recovery to the 1.1750 region. Nevertheless, the pair's volatility remains low as trading conditions thin out on the last day of the year.

GBP/USD stays weak near 1.3450 on modest USD recovery

GBP/USD remains under modest beairsh pressure and fluctuates at around 1.3450 on Wednesday. The US Dollar finds fresh demand due to the end-of-the-year position adjustments, weighing on the pair amid the pre-New Year trading lull. 

Gold retreats to $4,300 area, looks to post monthly gains

Gold stays on the back foot on the last day of 2025 and trades near $4,300, possibly pressured by profit-taking and position adjustments. Nevertheless, XAU/USD remains on track to post gains for December and extend its winning streak into a fifth consecutive month.

Bitcoin, Ethereum and XRP prepare for a potential New Year rebound

Bitcoin, Ethereum, and Ripple are holding steady on Wednesday after recording minor gains on the previous day. Technically, Bitcoin could extend gains within a triangle pattern while Ethereum and Ripple face critical overhead resistance. 

Economic outlook 2026-2027 in advanced countries: Solidity test

After a year marked by global economic resilience and ending on a note of optimism, 2026 looks promising and could be a year of solid economic performance. In our baseline scenario, we expect most of the supportive factors at work in 2025 to continue to play a role in 2026.

Crypto market outlook for 2026

Year 2025 was volatile, as crypto often is.  Among positive catalysts were favourable regulatory changes in the U.S., rise of Digital Asset Treasuries (DAT), adoption of AI and tokenization of Real-World-Assets (RWA).