The election is going to dominate early November trading so making moves based on seasonals is unwise. That said, it’s useful to keep them in mind as the dust settles.
November is the best month for USD/JPYBest month for the NasdaqThird-best month for the US dollarThe November through February is strong for goldSecond-best month for the S&P 500Second-best month for the MSCI world indexSecond-best month for the German DAXBest month for the Nikkei 225The final month of the seasonal slump for oil. Seasonals neutral in Dec-Jan then strongly positve from Feb-June
Going into last November, the S&P 500 had declined for three straight months but that month marked a turning point as it recouped nearly all the gains in what was the beginning of a five-month rally. This time, we’re coming into the month with better momentum, though October was negative for stocks.
This article was written by Adam Button at www.forexlive.com.
