Forex Flash: EUR/USD has tendency to fall in January over last 20y sample - Nomura

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FXstreet.com (Barcelona) - Over the past 20 years, the S&P500 does seem to show a positive correlation in the first week of January and the rest of the year, says Saeed Amen, Nomra FX strategist. Furthermore, "the S&P500 tends to rally in the first few days of the year, although after that, price action is more mixed in our sample" he adds.

In EUR/USD, "it is very difficult to read anything into how spot performs in the first week and during the rest of the year" the analyst notes. Mr. Amen notes though that EUR/USD "has a tendency to fall in January, a behaviour which has been relatively consistent across the past decades in our sample."



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Forex and Currencies

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