The EURUSD cross threatened a major breakdown on Friday (blue line), but recovered. It is still within a declining channel, but that channel points to a breakdown in the chart. Moreover, EURUSD spent 3 days below the blue support line last month, March 19-23. The U.S. equity market bottomed on March 23.
The Federal Reserve meets this week with a policy statement on Wednesday.
I'm open to the "Milkshake Theory" of a rising U.S. dollar attracting capital into U.S. markets, but remain bearishly positioned. I also believe that even if the Milkshake is correct, it will proceed in waves punctuated by deflationary waves. Here is iShares MSCI Emerging Markets (EEM) also sitting on a long-term trendline.
BANIMMO BOUWT NIEUWE HOOFDZETEL VOOR FARYS
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Banimmo verkreeg op 14 maart 2024 een vergunning voor de bouw van een
kantoorgebouw van 10.318 m2 met labo’s en opslagruimte op The Loop in Gent.
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