US Midterm Elections

The members of the United States Congress are elected for 4 years period usually 2 years after the President election. This year, 435 members to the US House of Representatives and 35 members to the US Senate. In addition, 39 states will elect Governors, while minor political charges will also be refreshed in local elections.

Tuesday 3 November 2026 05:00

The typical/expected impact on USD pairs is high. This is an all-day event.

Trading range

Economic context

Recent economic data has been broadly neutral for USD. The following recent announcements may affect the market reaction to US Midterm Elections:

PreviousLatest
Initial Jobless ClaimsBearish change198K199K
Philadelphia Fed Manufacturing SurveyBearish change37.820.9
Producer Price Index (MoM)Bullish change0.5%1.3%
Producer Price Index (YoY)Bullish change5.6%6.3%
Producer Price Index ex Food & Energy (MoM)Bullish change0.2%0.7%
Producer Price Index ex Food & Energy (YoY)Bullish change4.8%5%
Retail Sales (MoM)Bearish change1.3%0.8%
Retail Sales Control GroupBearish change1.2%0.1%
Retail Sales ex Autos (MoM)Bearish change1.4%0.9%
NY Empire State Manufacturing IndexBullish change7.625.5
Consumer Price Index (MoM)Bullish change0.4%0.6%
Consumer Price Index (YoY)Bullish change3.4%3.7%
Consumer Price Index ex Food & Energy (MoM)(no change)0.3%0.3%
Consumer Price Index ex Food & Energy (YoY)Bullish change2.4%2.6%
Existing Home Sales Change (MoM)Bullish change-3.2%1.5%
ADP Employment Change 4-week averageBearish change25.25K24.75K
Michigan Consumer Expectations IndexBullish change46.347.3
Michigan Consumer Sentiment IndexBearish change48.146.3
UoM 1-year Consumer Inflation ExpectationsBullish change4.6%4.7%
UoM 5-year Consumer Inflation ExpectationBullish change3.4%3.5%
Initial Jobless ClaimsBullish change199K197K
ADP Employment Change 4-week averageBullish change22.5K23.75K
ISM Services Employment IndexBullish change47.850.1
ISM Services New Orders IndexBearish change60.959.8
ISM Services PMIBearish change55.454.9
ISM Services Prices PaidBullish change72.674
S&P Global Composite PMI(no change)58.458.4
Factory Orders (MoM)Bearish change0.8%0.1%
Average Hourly Earnings (MoM)Bearish change0.3%0.1%
Average Hourly Earnings (YoY)Bearish change3.1%3%
Labor Force Participation RateBullish change61.6%61.8%
Nonfarm PayrollsBearish change133K29K
U6 Underemployment RateBullish change7.7%7.6%
Unemployment RateBearish change4.1%4.2%

About US Midterm Elections

Country:United States
Currency:USD
Source:US House of Representatives
Category:Politics
Frequency:Irregular
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