All the eyes of the world are today focused on the Georgia run-off elections and currency markets aren’t liking what we are seeing.

So far it looks like both Democratic candidates are a touch in front as the polls close. That said, we already know about what took place in Georgia and other states during the Presidential election.

In terms of what we are seeing in markets, the ES is down by around 0.5% along with the Asian equity futures.

That said, the forex pairs are so far holding steady and the same goes for the likes of GOLD and the safe-havens.

Georgia was essential because it would give control of the Senate to the Democrats if they were to secure the Presidency as the Vice President gets the deciding vote. That’s why it is a key in what happens over the next 24-48 hours.

As we also know, Congress meets today to decide on the outcome of electoral colleges. There is a growing belief that Pence will throw the fraudulent votes back to the state electors to debate. This will be the opportunity for the public to hear the evidence that has so far been suppressed by the courts.

What does all this mean for traders?

We are almost certain to see increased volatility for the rest of the week. There are so many scenarios that could play out here and we will need to be ready to act quickly to capture the opportunities ahead.

Keep a very close eye on the forex signals page as the team will be across all the developments and subsequent trading opportunities as the day unfolds.