3 key charts to watch for during 2024 US Election

Posted in Fundamental Analysis
5 minute read
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In a dramatic turn, President Joe Biden stepped back, endorsing Vice President Kamala Harris as the Democratic nominee for the 2024 US Presidential Election. As Trump and Harris face off, the political and economic stakes are high, with implications for US-China trade relations and market volatility. Discover the latest betting odds, market trends, and policy impacts ahead of November's election.

3 key charts to watch for during 2024 US Election

The betting market is indicating a tight race

US election- chart 1 to watch by OANDA
Fig 1: Average betting odds of 2024 US Presidential Election result as of 4 Aug 2024 (Source: Real Clear Politics)

Implied volatility in the US stock market tends to rise ahead of US Presidential Elections

US election- chart 2 to watch by OANDA
Fig 2: Average monthly VIX during US Presidential Election years since 1992 as of 2 Aug 2024 (Source: TradingView)

Trade relations with China & the impact on the US dollar

US election- chart 3 to watch by OANDA
Fig 3: Major trends of the US Dollar Index, USD/CNH, VIX & Hong Kong 33 CFD Index as of 6 Aug 2024 (Source: TradingView)