News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
EUR/USD
Mixed
Oil - US Crude
Bullish
Wall Street
Bearish
Gold
Bullish
GBP/USD
Mixed
USD/JPY
Mixed
More View more
Real Time News
  • Wall Street Futures Update: Dow Jones (-0.003%) S&P 500 (+0.073%) Nasdaq 100 (+0.021%) [delayed] -BBG
  • (Sentiment Weekly) Japanese Yen, Swiss Franc Analysis: USD/JPY, USD/CHF May Fall as Long Bets Rise #Yen #Franc $USDJPY $USDCHF https://www.dailyfx.com/forex/technical/article/special_report/2021/04/14/Japanese-Yen-Swiss-Franc-Analysis-USDJPY-USDCHF-May-Fall-as-Long-Bets-Rise.html?CHID=9&QPID=917702&utm_source=Twitter&utm_medium=Dubrovsky&utm_campaign=twr https://t.co/6EXLAB614y
  • Retail traders appear to be reducing long exposure in the Euro after recent gains. This hints that EUR/USD and EUR/JPY may rise in the near term, but could this trend last down the road? Find out from @ddubrovskyFX here:https://t.co/Y1d4DXeKEE https://t.co/JmGCbxkfWp
  • Gold Prices Probe Barrier as Inflation Data Sinks the USD and Yields https://www.dailyfx.com/forex/market_alert/2021/04/14/Gold-Prices-Probe-Barrier-as-Inflation-Data-Sinks-the-USD-and-Yields-.html https://t.co/bdNaQQsMqu
  • The Indian Rupee rose as the Nifty 50 slightly fell after the RBI left benchmark rates unchanged despite recent weakening inflation and a massive fiscal spending plan. Will USD/INR bounce? Find out from @ddubrovskyFX here:https://t.co/SwufKMOwfQ https://t.co/R2XfXKiRT5
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 92.65%, while traders in France 40 are at opposite extremes with 80.44%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/gxv7FwyhsM
  • Forex Update: As of 04:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.50% 🇦🇺AUD: 0.26% 🇬🇧GBP: 0.16% 🇨🇭CHF: 0.11% 🇪🇺EUR: 0.10% 🇨🇦CAD: -0.02% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/hQBjkAnaA1
  • Indices Update: As of 04:00, these are your best and worst performers based on the London trading schedule: France 40: 0.35% Germany 30: 0.04% US 500: 0.00% FTSE 100: -0.06% Wall Street: -0.08% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/VrybX61UEU
  • British Pound Price Outlook: GBP/USD, GBP/JPY Poised to Extend Climb - https://www.dailyfx.com/forex/technical/home/analysis/gbp-usd/2021/04/14/British-Pound-Price-Outlook-GBPUSD-GBPJPY-Poised-to-Extend-Climb.html?CHID=9&QPID=917708&utm_source=Twitter&utm_medium=Moss&utm_campaign=twr $GBP $GBPUSD $GBPJPY https://t.co/rDOIqMJQfk
  • The US Dollar may extend gains against the Thai Baht. But, its price action within USD/SGD, USD/PHP and USD/IDR seem to be favoring more range-bound trading conditions. Get your market update from @ddubrovskyFX here:https://t.co/DYCLXAFcCr https://t.co/q3hRzYvE7n
Monthly Forex Seasonality - April 2021: Bulls on Parade, Trampling USD

Monthly Forex Seasonality - April 2021: Bulls on Parade, Trampling USD

Christopher Vecchio, CFA, Senior Strategist
Advertisement

April FX Seasonality Overview:

  • By some measures, April has been either the best or second best month of the year for EUR/USD and GBP/USD rates, as well as the S&P 500.
  • April showers? ‘Terror rains’ down on the greenback: over the past 10-years, April has been the worst month of the year for the US Dollar (via the DXY Index), averaging a loss of -1.09%.
  • Gold prices have been performing well in April, with gains averaging +2.39% over the past 5-years and +1.4% over the past 10-years.

The beginning of the month warrants a review of the seasonal patterns that have influenced forex markets over the past several years. For April, our focus is on the trailing 5-year and 10-year performances, both of which fully capture trading during the era of quantitative easing and expanding government deficits since the 2008/2009 Global Financial Crisis – not dissimilar from the environment we find ourselves in during the coronavirus pandemic recovery.

How to Trade FX with Your Stock Trading Strategy
How to Trade FX with Your Stock Trading Strategy
Recommended by Christopher Vecchio, CFA
How to Trade FX with Your Stock Trading Strategy
Get My Guide

Monthly Forex Seasonality Summary – April 2021

Monthly Forex Seasonality - April 2021: Bulls on Parade, Trampling USD
Forex for Beginners
Forex for Beginners
Recommended by Christopher Vecchio, CFA
Forex for Beginners
Get My Guide

Forex Seasonality in Euro (via EUR/USD)

Monthly Forex Seasonality - April 2021: Bulls on Parade, Trampling USD

April is a bullish month for EUR/USD, from a seasonality perspective. Over the past 5-years, it has been the sixth best month of the year for the pair, averaging a meager gain of +0.04%. Over the past 10-years, it has been the best month of the year, however, averaging a gain of +1.2%.

Forex Seasonality in British Pound (via GBP/USD)

Monthly Forex Seasonality - April 2021: Bulls on Parade, Trampling USD

April is a very bullish month for GBP/USD, from a seasonality perspective. Over the past 5-years, it has been the third best month of the year for the pair, averaging a gain of +0.91%. Over the past 10-years, it has been the best worst month of the year, averaging a gain of +1.72%.

Forex Seasonality in Japanese Yen (via USD/JPY)

Monthly Forex Seasonality - April 2021: Bulls on Parade, Trampling USD

April is a bearish month for USD/JPY, from a seasonality perspective. Over the past 5-years, it has been the sixth best month of the year for the pair, averaging a loss of -0.45%. Over the past 10-years, it has been the third worst month of the year, averaging a loss of -0.64%.

Forex Seasonality in Australian Dollar (via AUD/USD)

Monthly Forex Seasonality - April 2021: Bulls on Parade, Trampling USD

April is a bullish month for AUD/USD, from a seasonality perspective. Over the past 5-years, it has been the sixth best month of the year for the pair, averaging a gain of +0.21%. Over the past 10-years, it has been the second best month of the year, averaging a gain +1.18%.

How to Trade AUD/USD
How to Trade AUD/USD
Recommended by Christopher Vecchio, CFA
How to Trade AUD/USD
Get My Guide

Forex Seasonality in New Zealand Dollar (via NZD/USD)

Monthly Forex Seasonality - April 2021: Bulls on Parade, Trampling USD

April is a mixed month for NZD/USD, from a seasonality perspective. Over the past 5-years, it has been the fourth worst month of the year for the pair, averaging a loss of -0.57%. Over the past 10-years, it has been the fourth best month of the year, averaging a gain of +0.72%.

Forex Seasonality in Canadian Dollar (via USD/CAD)

Monthly Forex Seasonality - April 2021: Bulls on Parade, Trampling USD

April is a very bearish month for USD/CAD, from a seasonality perspective. Over the past 5-years, it has been the fifth worst month of the year for the pair, averaging a loss of -0.38%. Over the past 10-years, it has been the worst month of the year, averaging a loss of -1.23%.

Forex Seasonality in Swiss Franc (via USD/CHF)

Monthly Forex Seasonality - April 2021: Bulls on Parade, Trampling USD

April is a mixed month for USD/CHF, from a seasonality perspective. Over the past 5-years, it has been the second best month of the year for the pair, averaging a gain of +1.15%. Over the past 10-years, it has been the fourth worst month of the year, averaging a loss of -0.63%.

Forex Seasonality in US S&P 500

Monthly Forex Seasonality - April 2021: Bulls on Parade, Trampling USD

April is a very bullish month for the US S&P 500, from a seasonality perspective. Over the past 5-years, it has been the second best month of the year for the index, averaging a gain of +3.61%. Over the past 10-years, it has been the second best month of the year, averaging a gain of 2.34%.

Forex Seasonality in Gold (via XAU/USD)

Monthly Forex Seasonality - April 2021: Bulls on Parade, Trampling USD

April is a very bullish month for gold (XAU/USD), from a seasonality perspective. Over the past 5-years, it has been the fourth best month of the year for the precious metal, averaging a gain of +2.39%. Over the past 10-years, it has been the third best of the year, averaging a gain of +1.4%.

The Quiz
Discover what kind of forex trader you are
Start Quiz

--- Written by Christopher Vecchio, CFA, Senior Currency Strategist

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES