This Week’s Market – Wednesday, November 4, 2026
This Week’s Market – Wednesday, November 4, 2026
The results of the US midterm elections will be announced today. With the Democratic Party reported to be in the lead, the dollar is likely to come under selling pressure if the Democrats win control of both chambers. The question is how President Trump will respond.
Also scheduled for today is the US Treasury’s quarterly refunding announcement. There are reports that the less liquid 20-year bond may be eliminated altogether. If this materializes, selling pressure on US Treasuries from the “bond vigilantes” could intensify, and a surge in US yields could push USD/JPY higher.
The dollar could be volatile depending on today’s various outcomes, so we should proceed with caution.
－－－－－－－－－－－－－－－－－－－－－－－－－－－－－－－－－－－－－－－－－－－－－
This email is intended solely to provide general investment information. All investment decisions and judgments should be made at your own discretion and responsibility. Please note that neither our company nor the information providers can be held liable for any damages incurred based on the information contained in this email.