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Home Forex Orders Foreign exchange Information October Foreign exchange Seasonals: It Was A Risky September, What Comes Subsequent? | Forexlive

Foreign exchange Information October Foreign exchange Seasonals: It Was A Risky September, What Comes Subsequent? | Forexlive

by Edward HAYWOOD
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forex-news-october-forex-seasonals:-it-was-a-volatile-september,-what-comes-next?-|-forexlive

Adam Button - WatanNews

Adam Button

Friday, 30/09/2022 | 23:41 GMT-0

30/09/2022 | 23:41 GMT-0

At first of September, I wrote about the seasonals and warned that it was a foul month for inventory markets with a notice that it was the worst calendar month for the S&P 500. It definitely delivered with an 8.7% decline.

In FX, the US greenback continued its year-long parade increased in September. It was a wild experience with unimaginable basic alternatives within the foreign exchange market. We depart the month with market members in a horrible temper. The AAII sentiment survey is 60.8% bearish this week and which means — for the primary time within the historical past of the survey courting again to 1987 — it is +60% for 2 weeks operating. It is also solely the sixth time above 60% ever.

Everyone seems to be sensing a recession. That is normally a possibility however what do the seasonals say?

  • Second finest month for AUD
  • Fourth finest month for the greenback index
  • Weakest month for EUR/AUD
  • Third weakest month for the euro
  • Third-best month for the Nasdaq (and never far off from the most effective), although volatility is excessive with double digit good points/losses not unusual
  • Fourth finest month for the S&P 500
  • Third finest month for the DAX
  • Strongest month of the yr for pure fuel
  • Weakest month of the yr for oil
  • Seasonal weak point in bonds

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