US Democrats Forecasted to Win House of Representatives

July 24, 2018 Share Print 0

For the first time this cycle, a leading elections forecaster has given Democrats a greater than 50 percent chance to reclaim the House of Representatives in the 2018 midterms.

An analysis by Sabato’s Crystal Ball, a service of the University of Virginia’s Center for Politics, published on Tuesday shows the House tilting past 50-50 odds in favor of the Democrats taking it back. The party needs to flip 23 seats this fall in order to regain the majority they haven’t held since the first half of President Barack Obama’s first term.

Crystal Ball’s managing editor noted that it was “the first time this cycle we’ve gone beyond 50-50 odds on a House turnover.”

The nonpartisan political newsletter, which tracks congressional, presidential and gubernatorial elections, made changes in 17 House races over the past week — all in Democrats’ favor.

via CNBC

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Alfonso Esparza

Senior Currency Analyst at Market Pulse

Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.