A have a look at the seasonal developments in August markets
In the beginning of July I wrote about some seasonal developments.
This was a winner with the S&P 500 rising 1.three%, even with yesterday’s decline.
By means of the primary three weeks of July this was a terrific commerce with NZD up 1.three%, AUD up 1.zero% and CAD up zero.1%. Nonetheless prior to now week all three trades gave all of it again (and extra).
The publish famous that it was the worst month of the 12 months for USD/JPY. That did not maintain up however the vary for USD/JPY was very hight on the month and the pair completed up about 50 pips.
Total, it wasn’t a terrific efficiency from the seasonals however I might argue they have been overwhelmed by the Fed.
In August, central banks will likely be much less of an element with no ECB, BOE or Fed selections on the agenda.
Listed here are six seasonal highlights:Weakest month for NZD/USD
2nd weakest month of the 12 months for CAD
2nd weakest month of the 12 months for AUD/USD
2nd weakest month for cable
2nd strongest month for gold
The poorest month over the previous decade for the S&P 500