August foreign exchange seasonal scorecard: Like magic

The August seasonal patterns nailed it

The August seasonal patterns nailed it

You may’t predict something from Donald Trump however the August seasonal patterns did an important job of predicting how the month would go.

In the beginning of the month, I highlighted six seasonal patterns in August and this is how they did.

1. Weakest month of the yr for NZD/USD

This one delivered in an enormous approach. Month-to-date the kiwi is down three.7%. It is fallen each which approach and is the worst performing main forex this month.

2. 2nd weakest month for CAD

The loonie has been bolstered by some upbeat financial knowledge together with at this time’s GDP report however even with all that, the Canadian greenback fell zero.7% on the month in opposition to the US greenback.

three. 2nd weakest month of the yr for AUD

It was the second-weakest month and AUD was the 2nd weakest performing main. AUD/USD fell 1.6% within the month.

four. 2nd weakest month for cable

This one bucked the pattern however solely modestly. Cable is up zero.four% on the month with greater than half the achieve coming at this time. Possibly it is a good signal that the pound has been in a position to buck seasonal weak spot?

5. 2nd strongest month for gold

Few merchants want a recap on this one. Gold was a rocket ship in August posting certainly one of its greatest months in years because it gained almost 7%.

6. Poorest month over the previous decade for the S&P 500

Inventory markets have proven some spectacular resilience over the tail finish of this week however all that has performed is narrowed a loss that was as a lot as 6.2% at one level right down to -2.7%.


That is a strong 5 out of 6 wins with just a few homeruns in there. Prepared for the September seasonal playbook?


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