Dollar declines as market ponders U.S. economic recovery

Source: VantagePoint Intermarket Analysis Software

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• The market moved down 879 ticks.

• 879 ticks =$4,395 per contract (About 8 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 fell today as investors weighed predictions that there would be a U.S. economic recovery that included Washington’s plan to cleanse banks of bad assets.

• U.S. President Barack Obama expressed that the dollar was “extraordinarily strong” and discarded a call from China’s top central banker for a new international reserve currency.