Sell in May an dgo away

May 03, 2016 at 06:38
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4 Replies
Membro Desde Feb 22, 2011   4862 posts
May 03, 2016 at 06:38
Interesting article

...the strategy to consider is to sell EUR/USD and GBP/USD in the beginning of May and buy them back at the end of the month because these currencies declined in 8 out of the last 10 Mays. Unsurprisingly, buying the dollar (Dollar index) on May 1st and selling it on May 31st also netted gains 8 out of the last 10 years as well. Sellers of the Australian and New Zealand dollars on the other hand needed more patience. While the following table shows that AUD/USD fell 6 out of the last 10 years (and rose less than 0.3% in 2 out of the remaining 4), the best technique for both currencies is to sell in May and buy back when everyone returns from summer vacations in early September. There was no discernible pattern in USD/JPY but for USD/CAD, buying in May and waiting until November to sell was the best strategy. ...
https://www.fxstreet.com/analysis/daily-fx-market-roundup/2016/05/02/
Membro Desde Dec 05, 2015   2 posts
May 08, 2016 at 06:46
This is definitely interesting. However I plan to sell GBP/USD for a variety of other reasons.
Leave some for tomorrow.
Membro Desde Feb 22, 2011   4862 posts
May 09, 2016 at 06:03
Well any pair cross with USD should work :)
Membro Desde Nov 14, 2015   325 posts
May 09, 2016 at 07:24
GBP is expected to fall on brexit, so is EUR, JPY is expected to fall on being too strong, CAD is expected to fall on oil (more saudi oil in end of may), not so sure on AUD and NZD (but they aren't the big short winners here statistically).

Sell in May should hold rather well this year too. Unless Fed comes and crush all hopes of futher rate hikes.
Membro Desde Feb 22, 2011   4862 posts
May 09, 2016 at 07:26
stian posted:
GBP is expected to fall on brexit, so is EUR, JPY is expected to fall on being too strong, CAD is expected to fall on oil (more saudi oil in end of may), not so sure on AUD and NZD (but they aren't the big short winners here statistically).

Sell in May should hold rather well this year too. Unless Fed comes and crush all hopes of futher rate hikes.

Well it is no longer about strength of economics but rather about political proclamations
Lets see how central banks plays it.
This year BOJ as well as Draghi as well as FED had surprised us already.
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