3 key cross-assets to watch in the run-up to the US presidential election.

Posted in Fundamental Analysis
5 minute read
US election by OANDA (1) (1)

Here, we analyze three cross-asset instruments—EUR/CHF, US Russ 2000, and Gold (XAU/USD)—that could experience heightened volatility based on the distinctive policies of Republican candidate Trump and Democratic candidate Harris. Technical analysis will guide predictions for these assets.

3 key cross-assets to watch in the run-up to the US presidential election

EUR/CHF, a proxy for risk-on, risk-off condition

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Fig 1: 3-month rolling performance of EUR/CHF with major global benchmark stock indices as of 25 Sep 2024 (Source: TradingView)
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Fig 2: EUR/CHF major trend as of 25 Sep 2024 (Source: TradingView)

US Russ 2000, the laggard among the US stock indices

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Fig 3: US Russ 2000 major trend as of 25 Sep 2024 (Source: TradingView)

Gold (XAU/USD), another set of fresh all-time high

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Fig 4: Gold (XAU/USD) major trend as of 25 Sep 2024 (Source: TradingView)