Thursday 18 March 2010

EURGBP - the b€llweather?


EURGBP is tracing out a fairly clear triangle, as noted earlier. Things are still looking good for the end-of-month turn window, I think.

The funny thing is what all this might mean for equities - after all, conventional wisdom has it that a strengthening dollar would be bearish for equities, which hasn't really been borne out by events thus far. So, what then would a weakening dollar do? Who fecking knows.

No comments:

Post a Comment