It’s not time to sell the US dollar just yet — TradingView News
It is the Might Day vacation in a lot of the world immediately and it is usually an awesome month for staff getting in paid in US {dollars}. Might tends to be robust for the greenback.
- Strongest month of the yr for the Greenback Index
- Weakest month for EUR/USD
- Second-worst month for AUD/USD and AUD/JPY
- AUD/CAD is especially weak, softest month by far
- Second-strongest month for copper
- Strongest month for oil, although actually skewed by the large proportion achieve (+88%) in Might 2020 (observe the reversal increased immediately). It additionally tends to be a really risky month for oil
- The primary week of Might is usually the strongest for shares whereas the second week is the weakest
- Middling month for inventory markets general
The primary sample is US greenback energy and the flip of the calendar comes after a four-month swoon within the Greenback Index. Even a small relative bounce right here could be a good month-to-month achieve.
US greenback index month-to-month
For these itching to promote the US greenback, the sample for the Greenback Index dims in June and July so a robust bounce might be a spot to promote.
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