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Jan 18 - 12:55 PM

EUR/USD: US Presidential Inaugurations: A Historical Buy The Rumor, Sell The Fact Pattern - Nordea

By eFXdata  —  Jan 18 - 10:45 AM

Nordea Research notes that historical data suggests a drop in EUR/USD following the US Presidential inauguration on Wednesday.

"The following chart shows the change in EUR/USD in the weeks following US inaugurations since 1974. More often than not (9 out of 12 times), EUR/USD drops in the aftermath of a presidential inauguration," Nordea notes. 

"Maybe a clear historical buy the rumour, sell the fact pattern? Often, a lot of stimulus is added up until and around the election date to artificially increase the momentum in the economy – the momentum often fades in the following period," Nordea adds. 

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Source:
Nordea Research/Market Commentary

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