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Key events to watch out for during the 2024 US presidential election run

ThinkMarkets ThinkMarkets 22/03/2024
Key events to watch out for during the 2024 US presidential election run Key events to watch out for during the 2024 US presidential election run
Key events to watch out for during the 2024 US presidential election run ThinkMarkets

The 2024 US presidential election is gearing up to be a pivotal moment in American politics. Traders and investors from all over the world have their eyes on key events that could potentially impact financial markets. In this article, we will outline the major events and provide a timeline to help you stay informed during this monumental political event. 
 

January 2024: Early speculation and primary debates  
 

As the year begins, speculation about potential candidates for both major political parties will intensify. It is highly likely that there will be a repeat of the 2020 US elections with the Democrats fronted by current US president Joe Biden while the Republicans nominate Donald Trump as their standard bearer. 
 

However, some prominent figures in American politics have also stepped forward to put their hat in the ring. Below is a list of candidates, as of January 2024: 
 

Democrat 

Joseph Biden Jr. 

Marianne Williamson 

Dean Phillips 

Republican 

Donald Trump 

Nikki Haley 

 

Asa Hutchinson 

Ryan Binkley 

Ron DeSantis 

Chris Christie 

 

Independent 

Robert Kennedy Jr. 

Cornel West 

Jill Stein 

 

Keep an eye out for the primary debates. These debates are a candidate’s first chance to showcase their platforms and engage with voters. Take note of their proposed policies and which sectors they’re leaning towards or moving away from as the markets tend to react as candidates gain popularity. 
 

Let's look at a possible scenario where a candidate proposing protectionist policies aimed at restricting international trade to protect US companies wins voter polls and surveys. Protectionist policies often include imposing tariffs on imported goods and renegotiating international trade agreements.  
 

The possibility of a protectionist US president creates uncertainty in the global economy. Investors are likely to turn to safe-haven assets such as gold or the Japanese yen to mitigate risk. The price of XAUUSD may see an uptick while currency pairs like USD/JPY may experience a tumble as demand for the Japanese yen increases.  
 

Protectionist policies may also affect the commodities market, specifically oil and agricultural products, which are dependent on international demand. As investors expect potential disruptions in global trade, there may be a drop in commodity prices. 
 

July 15-18, 2024: Republican Party Convention 
 

The Republican National Convention is scheduled for July 15-18, 2024, at the Fiserv Forum in Milwaukee, Wisconsin. This event will serve as the official nomination ceremony of the Republican party’s presidential candidate. 
 

The convention usually sets the stage for the main campaign as the party unveils platforms and casts their votes. 
 

August 19-22, 2024: Democratic Party Convention 
 

As the Democrats currently hold the White House, it is tradition that the Democratic Party Convention is held after the Republicans. The Democrats are scheduled to convene on August 19 – 22, 2024 at the United Center in Chicago, Illinois. 
 

September to October 2024: US presidential election debates 
 

One of the most anticipated events in any presidential election is the series of debates between the candidates. Typically, there are three presidential debates and one vice-presidential debate. These debates provide voters with an opportunity to see how candidates handle tough questions and articulate their positions on critical issues. 
 

See the timeline of debates below: 
 

Debate 

Date 

Location 

Host 

First presidential debate 

September 16, 2024 

San Marcos, Texas 

Texas State University 

Vice presidential debate 

September 25, 2024 

Easton, Pennsylvania 

Lafayette College 

Second presidential debate 

October 1, 2024 

Petersburg, Virginia 

Virginia State University 

Third presidential debate 

October 9, 2024 

Salt Lake City, Utah 

The University of Utah 

 

 Not only US citizens, but traders worldwide, including those in the US, show keen interest in the presidential debates due to their potential impact on financial markets. Presidential candidates use these debates to convey their economic policies and ideologies, discussing topics such as taxation, climate change, and trade agreements. 
 

Depending on a candidate’s popularity, these proposed policies may cause sharp price movements in forex, stocks and commodities as investors deal with the potential consequences of a candidate’s economic agenda. 
 

Historically, forex, in particular, has proven itself to be highly sensitive to the US presidential debates. A candidate’s position on international trade, tariffs, and foreign policy can strengthen or weaken currencies. Traders often watch debates for suggestions of protectionism or support for open markets.  
 

October 2024: Final campaign push 
 

The month of October is when the campaign enters its final stretch. Candidates will crisscross the country, holding rallies, participating in town halls, and making their final pitch to voters. The majority of these events are highly publicised. Strong opinions voiced out by candidates are carefully analysed by traders and economists as they prepare for the possibility of a candidate’s triumph. 
 

November 5, 2024: Election Day 
 

As per the US government, Election Day is set as "the Tuesday next after the first Monday in November", making the 60th quadrennial presidential election fall on November 5.  The US presidential election garners significant global attention, with many around the world closely following the results as voters head to the polls. Expect volatility during this period as expectations rise for a certain candidate to win. 
 

December 2024: Electoral college vote  
 

While the popular vote is crucial, the US presidential election is determined by the Electoral College. In mid-December, electors from each state will convene to cast their votes for the next POTUS. However, from a market perspective, the biggest reaction is on the exit poll on the election day. We usually new trends in stock indices and FX starting on this day.  
 

January 2025: Inauguration Day 
 

The presidential inauguration takes place the following year. Inauguration Day is when the newly elected president is sworn into office as the former president steps down. 

 
The US presidential elections open numerous opportunities for traders as the markets react to major news. Public appearances, debates, and even news articles can lead to major price swings in global markets.  
 

It is essential for traders to keep a record of these key events and the crucial issues discussed so they can stay ahead of the curve. 
 

Sign up for a trading account with ThinkMarkets to access excellent trading conditions, superior technology, real-time trading signals, and more. Trade the US presidential elections now! 

Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.

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Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
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