Tag Archives: Europe

Euro Bottom Just Ahead?

Are we facing a euro bottom?

Is this a good time to buy the currency?

While euro bottom questions are typically the concern of avid FOREX traders, this time the query came from a different source.

My step-daughter Jennifer was visiting us for a few days. We were relaxing with drinks on the patio overlooking the river.

Making Summer Plans

She was talking about her plans for the rest of the summer.

Jennifer and her husband will be spending most of July in France.

She loves vacationing there. And for this visit she’s already making a list of new things to check out.

Earlier that day she had popped in at a local coffee bar, and had struck up a conversation with the barista, who, it turned out, was a native Parisian.

By the time Jennifer had gotten her latte, she had also gotten a couple of suggestions about great restaurants to try in Paris.

She’s eager to check them out.

But, she asked me, what’s the outlook for the euro?

“The last time we went to France the exchange rate was really high,” she said. “I don’t remember the exact rate, but I do know it took a lot of dollars to get euros.”

Complicated Math

She shrugged.

“I got kind of confused with the math. So to keep things simple, I just doubled the money in my mind. If something cost 15 euro, I figured I was was really spending 30 dollars. That seemed to work out pretty well.”

That’s why she wanted to know about the current exchange rate.

When I told her that you could currently get one euro for about $1.12, she seemed quite pleased.

“That’s great!” she said. “Our money will go a lot farther this trip. But do you think it will stay low? I mean, should we be getting some euro now to plan ahead for our vacation?”

Looking At A Euro Bottom

I told her that I’d do a little research.

I started by running a cycle analysis based on the EUR/USD trading history. Here’s what I came up with:

euro bottom cycle chart

When I showed Jennifer that chart, she was quick to react. The euro bottom seemed pretty obvious.

“It definitely looks like the time to be buying euro,” she said.

I cautioned her that cycle projections are just that – projections.

“This is certainly not a guarantee that we’re at an absolute bottom now,” I said. “But it does look like prices will be going up from here.”

An Astro Confirmation

Later that day, as I was putting together some material for an upcoming webinar on Transneptunian effects, I decided to take a look at the historic impacts of Mars/Kronos conjunctions on the price of the euro.

We have a Mars/Kronos conjunction coming up on June 2nd.

The back-testing chart was quite revealing:

While the astrological back-testing doesn’t guarantee that a euro bottom is in any more than the cycle analysis does, it interesting to see.

It definitely suggests that this may indeed be a good time to go euro shopping.

The Planets Signal More Strife in Ukraine, Arctic Contests, A Possible EuroZone Collapse, and Even Some Big News for the U.S. Stock Market

My colleague Jim Cummins has just contributed a new article for our “Big Picture Perspectives” section in the members area of our website at FinancialCyclesWeekly.com.

It’s titled “Bookends of Time“, referring to the pivotal role that solar eclipses play in world events and economic trends. That’s a fitting subject, since the next big solar eclipse is just a few days away.

As usual, Jim is full of insights on global actions and personalities, using his vast knowledge of mundane astrology to bring out perspectives that you won’t find anywhere else.

In this piece, he tells us that “It is now a certainty that Vladimir Putin will send his forces into Ukraine before this month is out – most likely before the Solar Eclipse of April 29, fulfilling my forecast from March 19, which is cited later in this article.”

Jim has a lot to say about what’s coming up in the coming weeks, in the light of (or should we say the shadow of?) the Apirl 29 solar eclipse. And he goes beyond that as well, extending his forecast well into the next six months and beyond.

“The big issue going from the summer to the fall of this year,” he says, “will be the contests over who has what control in the Arctic regions, as the Fall eclipses highlight those regions…meanwhile, the next several weeks will be back-peddling for some, while Mars is still retrograde, through May 19, and continued brazen violence by others, such as the horrifically vicious Boko Haram in Nigeria, and the social eruptions through much of South America, and the continuing saga of Europe’s collapsing economies, paving the way for a forthcoming soaring American stock market.”

You can read Jim’s complete article on “Bookends of Time” at the FinancialCyclesWeekly.com website. Go to: http://www.financialcyclesweekly.com/members/Bookends-of-Time.cfm