The seasonal pattern is for the euro to decline in January, and technically it looks quite weak.
She notes that there is no prior seasonal pattern that would have driven the steeper slide in July.
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The typical seasonal pattern is for gold to top in February and form a significant low during the summer months.
The current chart of gold futures shows that in 2011, gold prices did not always adhere to the typical seasonal pattern.
Last year (2011) the market followed the seasonal pattern in classic fashion.
So where do we stand now within the annual seasonal pattern?
Pawlicki also noted that pressure on gold could also come from a minor seasonal pattern which shows that gold prices fall between Sep 28 and Oct 19.
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As discussed in late January, the seasonal pattern is for stocks to correct for most of January before starting to turn higher in the first week of March.
They follow a seasonal pattern reflecting the academic year, with lower rates in the autumn followed by a gradual rise in spring and early summer to a peak in late summer.
By the way if that happens, although it would a positive for a few months, down the road the remnants could provide the catalyst for the seasonal pattern to continue next summer.
Of course, inventory will probably turn up this spring and summer because of the regular seasonal pattern, but the underlying trend will be less inventory than is typical for each season, not more.
It covers the period from 2007 to the present because I wanted to demonstrate not only the validity of the seasonal trends, but also to point out some of the times when crude did not follow the typical seasonal pattern.
Public Health Wales said the rates of flu infection has remained within the normal pattern for seasonal influenza.
"So it would also not be surprising if there were deaths with swine flu -- even if it had the pattern of seasonal flu, " he said.
The July 2010 seasonal peak coincided with a sideways pattern in crude oil that was completed in the fall when crude oil again started to move higher.
The next seasonal low in February 2008 coincided with the completion of a continuation pattern (line 3) as crude oil then accelerated to the upside.
One reason is that seasonal adjustment is tricky in such countries where the shift from agriculture to industry changes the pattern of seasonality over time, says Mr Kroeber.
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