Skip to Content
News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
More View More
The Fate of the US Dollar, the Dow, and Gold After US Midterms, US Inflation Data

The Fate of the US Dollar, the Dow, and Gold After US Midterms, US Inflation Data

Analyst Chat Talking Points:

Although the US midterm results aren’t finalized, it appears that gridlock is returning to Washington, D.C. With Republicans poised to take control of the House and potentially the Senate (contingent upon the runoff in Georgia), the prospect for additional fiscal stimulus over the next two years has been greatly diminished. But we still could see another US debt ceiling showdown culminating in a downgrade of the US credit rating a la 2011.

Overall, the US midterm elections had a modest impact on financial markets on Tuesday and Wednesday – the US Dollar rallied, gold prices slumped, and US stocks dropped back. The impact on the Federal Reserve’s plans may play out over the course of 2023, as a drop off in US fiscal stimulus weighs on the US growth trajectory, helping slow inflation.

Speaking of inflation, the next round of US inflation data are due out on Thursday. What does the October US inflation report mean for the US Dollar, US stocks, and gold prices? What about the December Federal Reserve rate decision? Chief Strategist John Kicklighter and Senior Strategist Christopher Vecchio, CFA discuss in this Wednesday’s DailyFX Analyst Chat.

USD Forecast
USD Forecast
Recommended by Christopher Vecchio, CFA
Get Your Free USD Forecast
Get My Guide

--- Written by James Stanley and Christopher Vecchio, CFA, Senior Strategists

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.