What is financial astrology?
This is the practice of relating the movement of financial markets to the stars. It's not used in standard economic practice, but has been around in some form for thousands of years.
Where have you heard about financial astrology?
It's not generally used by large financial firms, although it reportedly rose in popularity after the financial crash of 2000. Goldman Sachs used it in a paper about the connection between eclipses and the state of financial markets in 1999.
What you need to know about financial astrology.
It's sometimes referred to as heterodox economics - a school of economic thought that's outside of the mainstream. But there are reportedly thousands of traders who subscribe to financial astrology newsletters such as those produced by the Merman Market Analyst group and Wall Street's astrological advisor Arch Crawford. Much of the demand comes from the US and Japan, but the practice is also popular in India. Traders are often superstitious, and the demand for financial astrology may be an attempt to find order in the often chaotic world of financial markets.