April is the month with some of the strongest seasonal patterns of the year. We take a look at some of the seasonal patterns that stand out in the forex market and elsewhere.
#2: Green light on cable longs
You can tell it’s London… because of the grey skies
April is by far the best month for the pound with an average gain of 2.17% including gains in 9 consecutive years. The next best month is July with a paltry 0.95% gain in comparison.
This is the kind of heatmap that makes a seasonal trader drool.
You always need to watch the data but this is one where the fundamentals alight nicely; housing, labor and growth metrics are all accelerating. All it will take is a hint on sooner rate hikes from Carney & Co and this trade will rip.
