May forex seasonals: It’s not time to sell the US dollar just yet

It is the Could Day vacation in a lot of the world in the present day and it is usually an important month for staff getting in paid in US {dollars}. Could tends to be robust for the greenback.

• Strongest month of the 12 months 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 acquire (+88%) in Could 2020 (notice the reversal greater in the present day). It additionally tends to be a really risky month for oil
• The primary week of Could is mostly 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 acquire.

For these itching to promote the US greenback, the sample for the Greenback Index dims in June and July so a robust bounce could possibly be a spot to promote.