A couple of August trends to watch out for in FX ...Middle East

Let's get straight to it.On paper, August is the worst month for AUD/USD and pretty much the aussie in general. Over the last 20 years, the pair has fallen in 16 out of the last 20 August months. It's almost the polar opposite of what February typically is for AUD/USD. If you look at AUD/JPY, the trend is rather similar as well:That might be a bit of an indication that August is typically one of the worst months for risk trades in general. In fact, it's one of the worst months for major indices in Europe. For the DAX, August is the worst performing month seasonally while for the CAC 40, it is the second-worst (only June is worse).Or if you want to tie things more closely to the yen currency,

Hence then, the article about a couple of august trends to watch out for in fx was published today ( Friday 02/08/2024 - 12:57 PM ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

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Last updated : 02 August 2024 clock 12:57 PM

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A couple of August trends to watch out for in FX ...Middle East

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