The reference to 2002 is no coincidence, of course, since that was also a
time of financial disruption and recession following the the bursting
of the tech bubble. US stock markets have lost about 20% of their
value this year following the pandemic bubble as the Fed attempts to
bring inflation under control by raising short term interest rates.
However, the ECB's efforts to fight inflation have been hamstrung by the
crippling effects of the energy shortage as higher rates are a
non-starter in an economy quickly sliding towards recession. As a
result, the currency is taking a beating as the ECB lags further and
further behind the Fed as capital flees in search of higher yields, most
notably the US.
The Euro woes are clearly seen in its horoscope. Signed into existence
on December 31, 1998, the Euro is getting hit hard by this ongoing
Saturn-Neptune alignment. Saturn (0 Aquarius) is the major culprit
here, but its 30-degree alignment with Neptune (1 Pisces) only serves to
magnify its effects. And there is further magnification of the Saturn
influence since it just stationed retrograde in early June within a
one-degree alignment with the Euro Ascendant at 0 degrees of sidereal
Taurus. It is hard to imagine a more difficult protracted influence in a
chart. Due to their slow velocities, Saturn and Neptune have been
sitting very close to 0 degrees of their respective signs since April.
This not only accounts for the decline in the Euro but also most risk
assets such as stocks and an increasing number of commodities.
But with Saturn re-entering Capricorn on Thursday, there could be some temporary relief coming to the Euro. This week may also be pivotal since Venus and the Sun align with the Ascendant and could act as additional triggers for the bearish Saturn-Neptune energy. Wednesday's Venus-Saturn-Neptune alignment could see a significant move and Friday's Sun-Saturn alignment also looks potent. But as Saturn moves further into Capricorn, it should reduce its influence on the Ascendant in the Euro horoscope.
As it happens, all eyes will be on tomorrow's US CPI report. If the CPI comes above last month's 8.6%, then we could see the dollar rally further at the expense of the Euro. That is certainly possible, since Venus makes its exact alignment with the Euro Ascendant tomorrow. However, I am uncertain about how the market will react since Venus is often a bullish influence when it aspects major chart points such as the Ascendant, the Moon or the Sun. Certainly, there is some downside risk if only because Venus may act more as a conduit for the negative Saturn influence. Friday's Sun-Saturn-Neptune alignment looks somewhat more negative, however, both for the Euro and for stocks.
Even if the Euro rebounds from here in the coming days, it is hard to be too optimistic going forward. The nasty triple conjunction on August 1 of Mars, Uranus and Rahu aligns with the Moon (24 Taurus) and Mars (24 Virgo) in the Euro and is very likely to see more selling. And if that isn't enough, Saturn will station direct at 24 Capricorn in October thus setting up another exact alignment with the natal Moon-Mars. The bottom line here is that the Euro seems likely to fall further in the weeks and months ahead.
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