Source: VantagePoint Intermarket Analysis Software

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  • The market moved down 363 pips.
  • 363 pips = $6,642.90 per Lot
    (About 15 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 EUR/GBP has been trading in a bearish trend-channel, since the end of March. On Monday the currency pair accomplished the move out of the trend-channel.
  • As a country whose economy is heavily tied to the financial sector, the UK was drastically affected by the credit and financial crisis. The Euro zone has also been hit, but compared to the UK their exposure to the crisis has been less.