FOREX

August forex trading seasonal scorecard: Like magic – ForexLive


The August seasonal patterns nailed it

You can not predict anything from Donald Trump but the August seasonal patterns did a excellent work of predicting how the month would go.

At the get started of the month, I highlighted six seasonal patterns in August and here’s how they did.

1. Weakest month of the calendar year for NZD/USD

This one particular delivered in a significant way. Thirty day period-to-day the kiwi is down three.7%. It truly is fallen each which way and is the worst doing key currency this month.

2. 2nd weakest month for CAD

The loonie has been bolstered by some upbeat economic data such as present day GDP report but even with all that, the Canadian greenback fell .7% on the month from the US greenback.

three. 2nd weakest month of the calendar year for AUD

It was the second-weakest month and AUD was the 2nd weakest doing key. AUD/USD fell 1.six% in the month.

4. 2nd weakest month for cable

This one particular bucked the development but only modestly. Cable is up .4% on the month with far more than fifty percent the get coming now. Perhaps it’s a great indication that the pound has been able to buck seasonal weak point?

5. 2nd strongest month for gold

Few traders need to have a recap on this one particular. Gold was a rocket ship in August publishing one particular of its best months in years as it received approximately 7%.

six. Poorest month in excess of the past 10 years for the S&P five hundred

Stock marketplaces have shown some amazing resilience in excess of the tail close of this week but all that has carried out is narrowed a loss that was as a great deal as six.2% at one particular point down to -2.7%.

Verdict:

That is a strong 5 out of six wins with a number of homeruns in there. All set for the September seasonal playbook?

ForexLive

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