Dollar Falls on Signs of Global Recovery 

 

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Source: VantagePoint Intermarket Analysis Software

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  • The market decreased by 488 pips.
  • 488 pips = 4,148 USD per contract  (About 30 trading days)
  • When the blue line (forecast) crossed below the black line (actual), VantagePoint predicted the market to trend down. The Neural Index at 0.00 also indicated an expected down trend.
  • The dollar declined 6.9 percent against the yen this quarter.
  • The yen has gained about 16 percent in the past year; making Japanese products shipped abroad more costly.