Presidential Election

The U.S. Presidential Election released by the USA.gov is the consecutive quadrennial United States presidential election and decides the President and the Vice President of the United States. It is a significant event to determine the appropriate stance of monetary policy and assesses the risks to its long-run goals of price stability and sustainable economic growth. Also holding congressional elections: voters will elect all 435 members to the US House of Representatives and 33 members to the Senate. The election might affect the USD volatility.

Tuesday 5 November 2024 00:00

Trading range

Past events

Date
Tuesday 5 November 2024 00:00

Economic context

Recent economic data has been moderately bearish for USD. The following recent announcements may affect the market reaction to Presidential Election:

PreviousLatest
Michigan Consumer Sentiment IndexBearish change5750.8
UoM 5-year Consumer Inflation ExpectationBullish change4.1%4.4%
Michigan Consumer Expectations IndexBearish change52.647.2
UoM 1-year Consumer Inflation ExpectationsBullish change56.7
Producer Price Index (MoM)Bearish change0.1%-0.4%
Producer Price Index (YoY)Bearish change3.2%2.7%
Producer Price Index ex Food & Energy (MoM)Bearish change0.1%-0.1%
Producer Price Index ex Food & Energy (YoY)Bearish change3.5%3.3%
Monthly Budget StatementBullish change$-307B$-161B
Consumer Price Index (MoM)Bearish change0.2%-0.1%
Consumer Price Index (YoY)Bearish change2.8%2.4%
Consumer Price Index ex Food & Energy (MoM)Bearish change0.2%0.1%
Consumer Price Index ex Food & Energy (YoY)Bearish change3.1%2.8%
Initial Jobless ClaimsBearish change219K223K
Average Hourly Earnings (MoM)Bullish change0.2%0.3%
Average Hourly Earnings (YoY)Bearish change4%3.8%
Labor Force Participation RateBullish change62.4%62.5%
Nonfarm PayrollsBullish change117K228K
U6 Underemployment RateBullish change8%7.9%
Unemployment RateBearish change4.1%4.2%
ISM Services Employment IndexBearish change53.946.2
ISM Services New Orders IndexBearish change52.250.4
ISM Services PMIBearish change53.550.8
ISM Services Prices PaidBearish change62.660.9
S&P Global Composite PMI(no change)53.553.5
Initial Jobless ClaimsBullish change225K219K
Challenger Job CutsBullish change172.017K275.24K
Factory Orders (MoM)Bearish change1.8%0.6%
ADP Employment ChangeBullish change84K155K
ISM Manufacturing Employment IndexBearish change47.644.7
ISM Manufacturing New Orders IndexBearish change48.645.2
ISM Manufacturing PMIBearish change50.349
ISM Manufacturing Prices PaidBullish change62.469.4
JOLTS Job OpeningsBearish change7.762M7.568M
Chicago Purchasing Managers' IndexBullish change45.547.6

About Presidential Election

Country:United States
Currency:USD
Source:
Category:Politics
Frequency:Irregular
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