#CurrencyPairPrediction
Seasonality in Commodity Prices: Many commodities exhibit seasonal price patterns driven by factors like weather, harvest cycles, and demand fluctuations:
1. Agricultural Commodities: Prices often rise during planting and harvest seasons, with fluctuations linked to weather conditions (e.g., droughts or floods affecting crops).
2. Energy Commodities: Crude oil prices can be affected by seasonal demand, such as higher demand in winter for heating or summer for driving.
3. Metals: While less seasonal, industrial metal prices can be influenced by global manufacturing cycles, often tied to seasonal production rates in major economies.
Seasonality in NZD/USD: The NZD/USD pair also shows seasonal tendencies, influenced by:
1. Agricultural Export Cycles: New Zealand's major exports (e.g., dairy, wool) experience price shifts based on harvests, with summer (December to February) typically being a strong period due to increased production.
2. Global Economic Calendar: The end of the year and holidays can influence trade volumes, with periods of lower liquidity affecting currency movement.
3. Risk Appetite: The NZD tends to be stronger in periods of global economic growth, often aligning with positive seasonal shifts in commodities like dairy, a major export.
In essence, commodity prices and the NZD/USD exhibit seasonal trends largely due to agricultural cycles, energy demand patterns, and broader economic cycles.
#CurrencyPairPrediction
Seasonality in Commodity Prices: Many commodities exhibit seasonal price patterns driven by factors like weather, harvest cycles, and demand fluctuations:
1. Agricultural Commodities: Prices often rise during planting and harvest seasons, with fluctuations linked to weather conditions (e.g., droughts or floods affecting crops).
2. Energy Commodities: Crude oil prices can be affected by seasonal demand, such as higher demand in winter for heating or summer for driving.
3. Metals: While less seasonal, industrial metal prices can be influenced by global manufacturing cycles, often tied to seasonal production rates in major economies.
Seasonality in NZD/USD: The NZD/USD pair also shows seasonal tendencies, influenced by:
1. Agricultural Export Cycles: New Zealand's major exports (e.g., dairy, wool) experience price shifts based on harvests, with summer (December to February) typically being a strong period due to increased production.
2. Global Economic Calendar: The end of the year and holidays can influence trade volumes, with periods of lower liquidity affecting currency movement.
3. Risk Appetite: The NZD tends to be stronger in periods of global economic growth, often aligning with positive seasonal shifts in commodities like dairy, a major export.
In essence, commodity prices and the NZD/USD exhibit seasonal trends largely due to agricultural cycles, energy demand patterns, and broader economic cycles.