Get ready for a potentially wild week as markets await pivotal election results. Here’s what’s setting the stage:

• Market Calm Before the Storm: Global markets show an uneasy calm, with stocks, currencies, and bonds moving sideways as investors prepare for potential surprises. The S&P 500 futures are just 0.1% higher, signaling caution. Asian markets also tread lightly, with Tokyo’s Nikkei up 1.3% post-holiday.
• Dollar on Edge: A Trump win could boost the dollar with expectations for protectionist policies and stronger trade measures, while a Harris victory might prompt a slight dollar dip, signaling stability and support for global trade. The dollar currently trades at 152.35 yen and $1.0875 per euro as traders await final cues.
• Oil Prices Climb: Brent crude has spiked by 3% to $75.08 a barrel, driven by delays in output increases from oil producers. With volatility likely to persist, oil prices could see significant swings based on election results and any energy policy changes ahead.
• Global Currency Volatility: The Chinese yuan, especially vulnerable to trade policy shifts, hovers at 7.1065 per dollar, with record levels of implied volatility against the dollar. Analysts and traders anticipate rapid moves in global currencies as results unfold.
• Bitcoin Holds Steady: Seen as a potential beneficiary if Trump were to win and reduce regulatory oversight, Bitcoin stays strong at $67,924, ready for potential upward momentum if favorable policies come into play.

Key States to Watch: Results from battleground states like Georgia, Pennsylvania, and Michigan could make or break the race. With intense competition in these areas, investors will keep close tabs on updates expected after midnight GMT.