Three seasonal market trends to keep in mind in August

  1. August is the weakest month for the S&P 500 in the last decade. The average decline is -0.78%, and four of the last 10 years include a decline of over 3%.
  2. The cable is losing its luster – GBP / USD has fallen in 8 of the last 10 years in August. This is also the strongest month of the year for EUR / GBP if you want to stay away from the dollar.
  3. A difficult month for the Australian dollar – one reason is that the country itself is in the middle of a second wave of the virus, which is much higher than the first – at least in terms of cases, and the second reason is that August is a weak month for Australians. In the last 9 years, AUD / USD has risen only once in August, and in the last decade the average decline has been 1.29%.

 Junior Trader Daniel Dimitrov

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