Analysis

British Pound under pressure through August

Dear Fellow Star-Gazers,

 

Happy Full Moon and Lunar Eclipse

 

You've probably read elsewhere that there is an awesome alignment of planets in January 2020. This week is no less important:

The alignment of Venus, Jupiter, Saturn and Pluto by declination brings the possibility of disturbed solar conditions. These have the potential to alter the complicated energy fields around Earth. Even without a powerful coronal mass ejection knocking out satellite systems, we should all be aware of the extra-ordinary energies around us - which might well result in unusual behaviour and consequent eventfulness. If you feel 'odd', it may be down to this curious energy!

A large sunspot with reversed polarity has also appeared on what has been a 'quiet' sun. It may be that we have now reached solar minima and that the new cycle is beginning.

With the  lunar eclipse alone there is the threat of Earth movement and threatening weather patterns. At the time of writing, New Orleans is already under rain barrage and two earthquakes have been recorded: one off the coast of Australia and the other in Indonesia. Natural disaster could also coincide with heliocentric alignments on 17th, 19th and 29th July.

Dramatic times indeed. Even if you're not experiencing stress at a personal level, you'd surely agree that there is considerable tension in many areas !

 

ONGOING CRISIS

Many people recognise that the naval stand offs in the Straits of Hormuz could easily escalate. Though caution will hopefully prevail, Mercury returns to a critical degree on August 15th - simultaneously triggering a 'naval' degree of the US chart. That this is also a Full Moon gives strength to the possibility of action.

 

BREXIT, A CONSTITUTIONAL CRISIS AND A NEW UK PRIME MINISTER on July 23rd.

In the April Full Moon letter I showed how the cycle that eventually brought Queen Elizabeth to the throne was at work again in 2019 and that she - and the UK - would likely experience constitutional crisis. 

Boris Johnson is a Gemini whose star certainly seems to be rising. It's not hard to imagine given his chart for July 23rd, that he will be celebrating that night. when the result will be declared is positive. Yet by the end of the year, if he does get the job he so covets, he might wish it were otherwise. I did suggest to a colleague some weeks ago that I thought another general election was more likely than not. (November 7th ?)

How amazing is it that the new 'Brexit' date of October 31st finds Mercury stationary retrograde once again - just as it was for Mrs May's Brexit day on March 29th. Yet before we even get to October 31st there are important dates to negotiate - any one of which could see that 'deadline' altered.

The Moon's monthly series of occultations of Saturn doesn't conclude until December. It might yet be December 7th - when Mercury returns to that retrograde degree and after Jupiter arrives in Capricorn that there is a clear indication of the way forward.

 

STERLING

Meanwhile, a stellium (grouping) of planets in Virgo suggests that the British Pound will be under pressure through August and especially in the last days of that month.

 

EQUITIES

It is not abnormal for indices in the West to be down around a lunar eclipse - and especially with Mercury retrograde. The next turning point should be reached on August 1st. Note too that just before the next Full Moon (August 15th), the Sun and Venus conjoin in Leo only a couple of days after both Jupiter and Uranus arrive at stations. This suggests much volatility. Going back one Venus cycle, we see that indices surged in the week leading into the Sun-Venus conjunction. There is, of course, no guarantee of a repeat. What can be said is that movements are likely to be above normal and that traders would be well advised to consider this as well as their regular technical analysis.

 

GOLD ETC

 

Whatever happens in August, the probability is that indices will stay high into September. I have less confidence in the rest of the year. (90 years on from the crash of 1929 and echoes may yet be heard).  Evidence of a move would support my thinking that gold will reach a peak in February-March 2020.

 

I would expect to see this on Monday 12th or Tuesday 13th August when heliocentric Mercury moves into Taurus.

 

BALTIMORE CONFERENCE

I will be taking part in various panels at the Baltimore conference (see links below) and speaking on the outlook for Europe at a lunchtime event. These panels follow the workshop on August 30th. In that, I will look at the formidable line ups of 2020, 2023-4 and 2026. 

 

TORONTO OCTOBER 2019

Plans for the Toronto events are now underway: starting with the financial evening on Thursday 24th October, followed by a day of astro-ancestry on Friday 25th and then the weekend events over Saturday and Sunday (26th and 27th) with my wonderful colleagues Janet Markham and Priscilla Costello. . We will announce more details after Mercury turns direct in August.

By then I hope too to have completed filming the financial 'course'. The research has proved fascinating and I am indebted to the team at Optuma. (www.optuma.com) who have made it possible to test many theories - and across so many indices. Financial code-cracking is a near perfect way to spend this Mercury retrograde period!

 

Until next time,

 

Yours from the stars

 

Christeen

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.


RELATED CONTENT

Loading ...



Copyright © 2024 FOREXSTREET S.L., All rights reserved.