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.
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