Forex
In the US, while the Federal Reserve is independent, the sitting US president can still exert political pressure on the Federal Open Market Committee (FOMC) to get the monetary policy that aligns well with their vision.
EUR/USD
The policies proposed by presidential candidates can significantly influence the EUR/USD pair. For example, expansionary fiscal policies might strengthen the USD, causing the EUR/USD to tumble.
Elections bring uncertainty, leading to volatility in EUR/USD as traders react to the latest polls and candidate statements. Take note of the dates above to plan your trades.
GBP/USD
Other USD pairs
US stocks
Healthcare sector
Energy sector
Technology sector
Proposals regarding international trade, especially with tech-heavy regions like Asia, can have a significant impact. For instance, a candidate proposing strict trade policies or tariffs could lead to volatility in tech stocks, affecting companies reliant on global supply chains. Additionally, policies around data privacy and cybersecurity can influence investor confidence in tech companies, particularly those handling large amounts of user data.
Financial sector
Conversely, proposals for deregulation or tax reforms could boost investor sentiment in financial stocks, as these changes could potentially increase profitability for financial institutions.
Ready to trade?
Ready to start your trading journey with ThinkMarkets? Apply for an account in just a matter of minutes.
How do the US presidential elections affect the markets?
2024 US presidential elections timeline
Deadline for major parties to submit a list of candidates to the Secretary of State in Washington
Republican presidential caucus in Iowa
Nevada Democratic primary
Republican South Carolina primary
Maine Democratic caucuses
Tennessee Democratic primary
Illinois, Michigan, Mississippi, North Carolina, Ohio, Missouri Republican primaries
Arizona, Florida Republican primaries
Alaska, Hawaii, and North Dakota Democratic primaries
Wyoming Republican primary
Puerto Rico Democratic primary
Trial for United States v. Donald Trump, Waltine Nauta, and Carlos De Oliveira set to begin
Democratic primaries in Kentucky and Oregon
Libertarian National Convention scheduled to be held in Washington, D.C.
Republican National Convention, Charlotte, North Carolina
Democratic National Convention, Minneapolis, Minnesota
Democratic National Convention, Minneapolis, Minnesota
Fifth Republican presidential primary debate
South Carolina Democratic primary
Nevada Republican caucus
Super Tuesday
Louisiana primaries (Democrats and Republicans)
Illinois, Michigan, Mississippi, North Carolina, Ohio, Missouri Democratic primaries
Arizona, Florida Democratic primaries
Connecticut, Delaware, New York, Rhode Island, and Wisconsin Democratic and Republican primaries
Wyoming Democratic caucuses
Pennsylvania Democratic and Republican primaries
Indiana Democratic and Republican primaries
Democratic primaries in Maryland, Nebraska, and West Virginia
Idaho Democratic caucuses
Last primaries and caucuse
Republican National Convention, Charlotte, North Carolina
Democratic National Convention, Minneapolis, Minnesota
General election