Board-Ansicht
Mix-Ansicht- Die Zukunft des Euro: Reuters-Interview - Amanito, 03.06.2001, 17:35
Die Zukunft des Euro: Reuters-Interview
15:22 31 May 2001 Heavens offer star-crossed euro no respite
By Atiya Hussain
NEW YORK, May 31 (Reuters) - If the stars don't lie, Europe's unlucky single currency will stay soft at least until next spring, a victim of misaligned constellations and a star-crossed launch. While the euro's dismal performance has flummoxed many foreign exchange analysts, the single European currency's astrological charts may offer clues to its steady depreciation since it was launched on Jan. 1, 1999."Looking at the horoscope, I don't see any prospects for a strong turnaround," said Bill Meridian, a fund manager and specialist in financial astrology who has been bearish all along. Astrological charts for the European Union, which Meridian uses to analyze the euro, show no sign of Jupiter, the planet associated with expansion and free trade. As a result, the euro's chronic weakness -- the single currency slumped to its lowest levels in 2001 against the dollar and the yen this week -- is no surprise, Meridian said, especially given the extremely strong chart of its competitor, the dollar. Confounding widespread expectations that it would be a strong currency, the euro has declined steadily, dipping as low as 82.25 cents against the dollar in October 2000, down more than 25 percent from its launch levels. A modest rally petered out near 96 cents in January 2001. And since then, the single currency has crumbled, in spite of views favoring Europe's economy as a sharp slowdown ground U.S. economic growth to a virtual standstill. As fundamental analysts scramble to lower their forecasts for the euro, bearishness is nothing new to star-gazers. Using a combination of astrology and more traditional technical and fundamental analyses, Vienna-based financial astrologist Manfred Zimmel says the euro will be under pressure at least until next March."When you have hard or stressful aspects in the sky, the dollar profits. And when you have soft, harmonic aspects, euro is strong," said Zimmel, trying as best he could to decode his arcane craft."Now it is mixed, but most of the time from August to spring is difficult."
NEPTUNE DULLS EURO STRENGTH Using a chart based on the euro's launch date -- midnight on Jan. 1, 1999, Frankfurt time -- Zimmel says part of the problem may be that cash euros have not yet been introduced."The euro has been strong when Neptune was strong. That may be related to the fact that it's not real money yet. Neptune (controls) the principle of virtual reality," said Zimmel, editor of Amanita Market Forecasting (http://www.amanita.at). But Neptune is also associated with softness, and the introduction of 13.5 billion euros in notes and coins on Jan. 1, 2002 -- dubbed 'E-day' by the European Commission -- may offset Neptune's drag on the single currency."At least the planet will stop playing such a major role, and that's a good sign for the strength," Zimmel said. The new chart heralds even more good news. The euro's ascendant, the sign rising on the horizon on E-day, will be Libra, ruled by Venus. With the ruling planet in the sign of Capricorn, in turn ruled by Saturn -- the hardest planet of the Zodiac -- the euro may find more strength ahead, Zimmel said.
DOLLAR'S FIERY STRENGTH But the euro may not yet be out of the woods -- Europe's single currency still has to contend with the dollar."The dollar has a lot of fire in it, and that makes the dollar more dominant. Fire creates the desire to lead and to be active," said Zimmel."The euro chart has little fire," he said, noting that even the single currency's sun sign -- Capricorn -- is an earth element, compared to fiery Aries, the sign under which the dollar was born. Zimmel's chart for the dollar is based on April 2, 1792, when Congress enacted a law creating the U.S. Mint and launching an official U.S. currency. According to this chart, the dollar's sun sign is fiery Aries -- the first sign of the Zodiac. The dollar's chart also contains two planets in Leo, a fire sign thought to be best for currencies and other financial instruments. By contrast, the euro's old chart has no planets, while the single currency's 2002 chart contains one planet associated with fire."It is better, but not as good as the dollar," said Zimmel.
Atiya Hussain, US Financial Markets Desk, 646 223 6322)) Thursday, 31
May 2001 15:22:03
RTRS [nN2474726 ] {C}
ENDS
<center>
<HR>
</center>
Thread gesperrtgesamter Thread:
