That headline is a snippet from a Deutsche Financial institution report.
- “Gold has been decrease in 10 of the final 11 Septembers”
Analysts on the financial institution additionally word that:
- The S&P 500 has been decrease for the final 4 Septembers
- By
the tip of the month, we’ll even be simply 5 weeks away from the US
election and shut election races (as this nonetheless is) normally promote
sideways to decrease fairness markets within the build-up, earlier than a giant rally
whoever wins after the occasion. This
ties into the seasonals, as we’ve solely seen 6 unfavorable Novembers for
the S&P 500 since 1995 with 11 of the final 12 greater.
Given worth motion on Tuesday we’re off to an ‘as anticipated’ begin!
- Forexlive Americas FX information wrap: Ugly day for danger property
This text was written by Eamonn Sheridan at www.forexlive.com.