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Democratic state Rep. Aftyn Behn and Republican Matt Van Epps are facing off today in Tennessee's 7th House district in a race that could get the market's attention.

Trump won the district against Harris by a margin of 60-38% and also won 56-41% in the 2020 election (which Trump lost). Republican Mark Green said he quit in June to take a job in the private sector after winning 60-38%. In fact, he founded the company, which is a trade/business development firm that appears to be involved in Guyana, which is an oil-drilling hotspot.

The district is a generally ultra-safe Republican district but polls show that it's closer in a possible sign of things to come in the midterms.

At PredictIt, the market shows a 3-12% win for Van Epps. If it comes in at 5% or lower, that's going to make many Republican Congressmen nervous, and potentially lead to some pushback against Trump, and possibly tariffs. Politicans want nothing more than power and they need to win elections to maintain it. Trump's approval numbers are poor and Republican Congress has been a rubber stamp. A poor election today could make many Republicans fear a November 2026 wipeout.

American Black Friday sales numbers were released from the usual suspects earlier on Monday.

• Mastercard SpendingPulse estimated that Black Friday retail sales ex-autos were +4.1% y/y, accelerating from the prior year's +3.4% y/y growth.
• Adobe sees sales through Cyber Monday up 6.3% on a year-over-year basis
• Salesforce said Canadian online sales for the weekend were up 9% y/y, highlighting continued Canadian consumer spending strength this year (something that bucks worries about tariffs/Trump)
• For the USA, average selling prices were up 7% y/y, while order volumes were down 1% y/y.

Overall, the consumer looks fairly healthy and it won't hurt to get another rate cut this month. Pricing is at 85% for a cut on Dec 10.

Analyst Weekly, December 1, 2025 Consumer Stocks: The Sleeper Trade Heading Into 2026 Consumers have looked gloomy on the surface: confidence readings are hovering near cycle lows, layoffs keep making headlines, and affordability stress is real. But under the hood, the US consumer is gearing up for one of the biggest stimulus tailwinds since the…

The post Cooldown to Cashflow appeared first on eToro.

Nasdaq-100 index: ⬆️ Buy – Nasdaq-100 broke resistance zone – Likely to rise to resistance level 0.3000 Nasdaq-100 index recently broke the resistance zone between the round resistance level 25000.00  and the resistance trendline of the daily down channel from.

The United States is celebrating Thanksgiving, meaning trading activity across financial markets will be lower than usual today (and to some extent tomorrow).

USDCAD: ⬇️ Sell – USDCAD reversed from resistance area – Likely to fall to support level 1.3975 USDCAD currency pair recently reversed from resistance area between the pivotal resistance level 1.4125 (which has been reversing the price from April), upper.

Introduction to USDCAD The USD/CAD currency pair, often known as the “Loonie,” shows the exchange rate between the United States dollar (USD) and the Canadian dollar (CAD). This pair is highly influenced by commodities, particularly oil, due to Canada’s status as a major oil exporter. Traders frequently monitor this currency pair to gauge economic health […]

The post USD/CAD Price Outlook: Key Economic Reports in Focus appeared first on UnitedPips Ltd.

EUR/USD’s extended decline last week suggests that rebound from 1.1467 has completed at 1.1655. More importantly fall from 1.1917 high is not complete. Initial bias stays on the downside this week for 1.1467 first. Firm break there will target 1.1390, and then 38.2% retracement of 1.0176 to 1.1917 at 1.1252. On the upside, above 1.1551 […]

The post EUR/USD Weekly Outlook appeared first on Action Forex.

EUR/USD posts moderate losses during the North American session on Friday as the US Dollar (USD) holds firm after the release of mixed economic data and dovish comments by Federal Reserve (Fed) officials. The pair trades at 1.1504, down 0.20%, after hitting a two-week low of 1.1491.

Daily Pivots: (S1) 155.85; (P) 156.52; (R1) 157.82; More… Intraday bias in USD/JPY remains on the upside for 158.85 key structural resistance, and then 161.8% projection of 146.58 to 153.26 from 149.37 at 160.17. On the downside, below 156.45 minor support will turn intraday bias neutral and bring consolidations, before staging another rise. In the […]

The post USD/JPY Mid-Day Outlook appeared first on Action Forex.