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August seasonal commerce traits

Adam Button

Adam Button

Monday, 31/07/2023 | 18:55 GMT-0

31/07/2023 | 18:55 GMT-0

In late-June I highlighted that seasonals for inventory markets had been sturdy for July and that is precisely what happened, together with a 13-day rally in Dow Jones Industrial Common.

That chapter is closing and it is time to flip the web page to August so listed below are some seasonal highlights:

  • Worst month for the German DAX
  • Worst month of the yr for AUD/JPY (by far) and the yen is mostly sturdy
  • Worst month for AUD/USD
  • Worst month for copper
  • EUR/USD impartial
  • Second-best month for gold
  • Second worst month for Nikkei
  • Impartial for the Nasdaq
  • Worst month for NZD/USD
  • Fourth-worst month for the S&P 500
  • Greatest month for 10-year bonds (i.e. falling yields)
  • Worst month for USD/JPY, although the pair was sturdy final yr

Trying additional forward, final yr may very well be instructive. Inventory markets rallied by means of mid-August earlier than peaking on 16th adopted by a pointy reversal. September is the worst month for the S&P 500 and likewise begins a three-month run of seasonal weak spot for oil.

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