Forex Moves in Sept Could Set End of Year Tone
As we begin the second week of trading in September, it is also important for currency traders to know that the performance of the EUR/USD and USD/JPY this month could set the tone for trading for the rest of the year. The following tables compare the performance of the EUR/USD in September with the performance for the last 3 months of the year. For the EUR/USD, in 7 out of the last 10 years, the currency pair’s performance in September foreshadowed the performance in Q4. In USD/JPY, this pattern occurred in 8 out of the last 10 years.
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September 3, 2011 • by: Boris Schlossberg
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