US election: One month to go – Standard Chartered

Source Fxstreet

A month before the election, polls still show a dead heat. The election will likely end up being decided by a few thousand voters in a handful of swing states. On the congressional side, Republicans are likely to flip the Senate; the House is too close to call, Standard Chartered’s economist Philippe Dauba-Pantanacce notes.

As close as it gets

“The average of national polls shows Kamala Harris leading Donald Trump by about 3ppt. At this stage of the race in 2020, Biden was leading by 8ppt. He ended up winning by a razor-thin margin thanks to an estimated 43,000 votes in three states – out of 158mn cast nationwide – that tipped the Electoral College balance in his favour.”

“In this very close race, swing states will play an even bigger role than usual. In seven states, polls show no predictable winner: Pennsylvania, Wisconsin, Georgia, Nevada, Arizona, North Carolina and Michigan. Together they represent 93 Electoral College votes; swings of just a few thousand votes could translate into very different scenarios, including a strong Harris win, a strong Trump win, or an unprecedented tie.”   

“On the congressional side, current polls show that the Republicans are more likely to gain control of the Senate. This year’s race for the House of Representatives is probably the closest in modern US history.”

 

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
Gold Price Forecast: Gold Drops Below $4,300, Will It Continue to Fall? As of the European session on September 24, gold prices (XAUUSD) extended their correction, dipping below $4,300 intraday to hit a low of $4,262.45. After previously rebounding close to $
Author  TradingKey
11 hours ago
As of the European session on September 24, gold prices (XAUUSD) extended their correction, dipping below $4,300 intraday to hit a low of $4,262.45. After previously rebounding close to $
placeholder
Yen touches 158.37 as Tokyo reopens, then slips back — ¥15.4 trillion of intervention and the 200-day line stand between here and 160USD/JPY reached 158.37 overnight, its highest since early September, then eased to 157.88 as Japanese markets reopened after a three-day holiday. The Ministry of Finance has spent ¥15.4 trillion defending the yen since late July and the BOJ ran a rate check on September 18. The 200-day average sits at 158.43.
Author  Irene Q.
14 hours ago
USD/JPY reached 158.37 overnight, its highest since early September, then eased to 157.88 as Japanese markets reopened after a three-day holiday. The Ministry of Finance has spent ¥15.4 trillion defending the yen since late July and the BOJ ran a rate check on September 18. The 200-day average sits at 158.43.
placeholder
US input costs rose at the fastest pace in four years — the September flash PMI beat is an inflation story, not a growth storyUS September flash PMIs came in far above expectations, with the composite at 58.4, a five-year high. But the detail that moved markets was input cost inflation at its fastest since October 2022, driven by fuel, transport and supply shortages. Brent is back above $100 and the 10-year Treasury yield has hit its highest since 2007.
Author  Suzie
14 hours ago
US September flash PMIs came in far above expectations, with the composite at 58.4, a five-year high. But the detail that moved markets was input cost inflation at its fastest since October 2022, driven by fuel, transport and supply shortages. Brent is back above $100 and the 10-year Treasury yield has hit its highest since 2007.
placeholder
Euro weakens below 1.1400 as Fed rate hike expectations reinforce US Dollar strengthThe EUR/USD pair loses ground to near 1.1380 during the early Asian trading hours on Thursday. The major pair extends its downside as hawkish signals from the US Federal Reserve (Fed) boost the US Dollar (USD) against the Euro (EUR).
Author  FXStreet
19 hours ago
The EUR/USD pair loses ground to near 1.1380 during the early Asian trading hours on Thursday. The major pair extends its downside as hawkish signals from the US Federal Reserve (Fed) boost the US Dollar (USD) against the Euro (EUR).
placeholder
Gold Price Forecast: XAU/USD drifts toward $4.300 with bears gaining tractionGold (XAU/USD) retraces Tuesday’s gains on Wednesday and drifts lower, approaching the $4,300 area as the US Dollar Index (DXY) rallies further amid high US Treasury yields.
Author  FXStreet
Yesterday 10: 02
Gold (XAU/USD) retraces Tuesday’s gains on Wednesday and drifts lower, approaching the $4,300 area as the US Dollar Index (DXY) rallies further amid high US Treasury yields.
goTop
quote