Tickmill has gone a step further to support traders ahead of the upcoming US presidential elections by introducing a platform for navigating heightened market volatility. According to a LinkedIn post, the US Elections-Traders Hub will provide resources and insights for every trading level.
Shifting Market Dynamics
The outcome of the November 5, 2024, US elections could dramatically shift market dynamics, affecting everything from stocks to commodities. With such uncertainty, Tickmill aims to offer traders the right tools to capitalize on the volatility using a new hub. The new hub offers data, expert analysis, and historical insights to help traders navigate election-induced market fluctuations.
"The United States presidential elections are set to be held on November 5, 2024. Traditionally, the period leading to and following the elections has a significant impact on the stock market and other assets. This page has been developed in collaboration with trading experts and analysts to help you optimize your trading journey during this time," Tickmill mentioned.
The run-up to the US presidential election has historically triggered volatility across financial markets. Election periods typically see investors reacting to policy expectations, with stock prices and other assets reflecting sentiment driven by the candidates’ platforms. For traders, this period brings both opportunities and risks as markets respond to the unpredictability of election outcomes.
Volatility Across Financial Markets
The hub includes historical market performance charts that highlight how past elections have influenced different asset classes. It also features short, digestible videos that break down market trends and offer key takeaways for traders. The hub mainly focuses on five main asset classes: EURUSD, XAUUSD, VIX, USDJPY, and SP500.
One of the features of Tickmill’s hub is its bullish-to-bearish bar, which compiles perspectives from top market analysts and traders. This tool helps traders quickly assess the market sentiment and make informed decisions based on expert viewpoints.
Last month, Tickmill released financial results for the first half, highlighting a strong performance in the Middle East and North Africa region. The company’s trading volumes expanded by 54%, surpassing $135 billion. The total number of clients, including active ones, reportedly soared to a record high.
The company also launched interest rates on unused funds this year to enable traders to optimize their capital while diversifying their investment portfolio. The platform reportedly offers interest rates of 3.5%, 3.25%, and 2.5% on USD, GBP, and EUR wallets, respectively.
