The Democrats won the House while the Republicans held onto the Senate. The greenback lost ground but stabilized afterward. What’s next? Here is their view, courtesy of eFXdata: Bank of America Merrill Lynch Research discusses a review of the US mid-term elections which resulted in a split Congress where Democrats win the House but suffer Senate losses to the Republicans who retain their control of the Senate. “As we have argued, tonight‘s split Congress outcome should result in dollar weakening. We think this could continue for a while yet as the first order effects of US growth deceleration and increasingly-limited monetary policy support cause a reevaluation of long USD exposure. Ultimately, second-order effects could limit USD downside; however, we think that markets are likely to focus on first order effects for now. Initially, we expect a weaker USD predicated on a further softening in US growth leading to reduced monetary policy support…Looking beyond the initial reaction, however, we think that potential second-round effects could serve to limit USD downside,” BofAML argues. For lots more FX trades from major banks, sign up to eFXplus By signing up for eFXplus via the link above, you are directly supporting Forex Crunch. Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam Forex News Today: Daily Trading News share Read Next Italian Press: EU said to see Italy’s 2019 deficit at 2.9% under current proposal FX Street 4 years The Democrats won the House while the Republicans held onto the Senate. The greenback lost ground but stabilized afterward. What's next? Here is their view, courtesy of eFXdata: Bank of America Merrill Lynch Research discusses a review of the US mid-term elections which resulted in a split Congress where Democrats win the House but suffer Senate losses to the Republicans who retain their control of the Senate. "As we have argued, tonight's split Congress outcome should result in dollar weakening. We think this could continue for a while yet as the first order effects of US growth deceleration and increasingly-limited… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
