| Wesley Chapel, Florida, March 03, 2008 --
The March Euro currency (ECM8) futures, which trade on the Chicago
Mercantile Exchange, last week soared to a fresh contract and all-time high
above 1.5000. The Euro currency is one market which all currency, financial
and commodity market participants should monitor closely.
The Euro trades
in an inverse posture versus the value of the U.S. dollar. By examining
longer-term charts, one can determine that during the past few months as the
commodity market prices have appreciated strongly, so has the value of the
Euro currency against the greenback. The stronger Euro has also exerted a
negative influence on the U.S. stock indexes in recent months.
"Not
surprisingly, several commodity markets last week hit new all-time highs.
Any significant breakdown in the value of the Euro currency will very likely
also see abating buying interest in most raw commodity markets, and a likely
strengthening of the U.S. stock indexes," said Jim Wyckoff analyst for
www.TradingEducation.com.
Using
VantagePoint Intermarket Analysis Software (www.TraderTech.com),
one could have seen that on February 15 the up-trending Predicted 4-day EMA
line produced a bullish crossover by moving above the Actual 10-day SMA
Close line, suggesting the Euro would continue to trend higher in the near
term. Also, VantagePoint’s Predicted Neural Index moved to 1.0, a bullish
indicator, on February 11. Indeed, price action during mid-February did
begin what has been the latest solid uptrend in the March Euro currency
futures.

The Predicted
Neural Index (PIndex), a proprietary indicator, predicts whether or not a
three-day simple moving average of the typical price will be higher or lower
two days in the future than it is today. The Predicted Neural Index compares
two three-day moving averages to one another – today’s actual three-day
moving average with a predicted three-day moving average derived from
intermarket analysis data.
When the
predicted simple three-day moving average value of typical prices is greater
than today’s actual three-day moving average value, the Predicted Neural
Index is "1.00," indicating that the market is expected to move higher over
the next two days. That type of information can be very helpful in
establishing short-term positions in forex and other markets ahead of moves
such as Tuesday’s strong rise in the USDX.
The Predicted
Neural Index is either correct or incorrect so its performance can be
measured in terms of percent correct to produce the accuracy statistics
cited for VantagePoint, which has a predictive accuracy rate of around 80%
across a wide range of markets and time spans in ongoing research.
About TradingEducation.com, LLC
Established in September 2005, TradingEducation.com, LLC (www.TradingEducation.com)
has developed into a comprehensive internet resource offering traders free
educational materials, quotes, and market relevant news for stocks,
exchange-traded funds, commodities, currencies, futures and options. Traders
from all experience levels can benefit from the wealth of information and
tools available at TradingEducation.com which seeks to enhance their trading
strategies and avoid costly mistakes. All information on
TradingEducation.com, LLC websites is free to the public, with operational
initiatives supported solely by advertisers.
About Market Technologies, LLC
Headquartered in Tampa Bay since its founding in 1979 by Louis B.
Mendelsohn, with trading software customers in over 90 countries worldwide,
Market Technologies is a fast growing, Inc. 500, company and recognized
world leader in market forecasting. Market Technologies researches and
develops proprietary trend forecasting and market timing technologies that
utilize artificial intelligence applied to intermarket and hurricaneomic
analysis, in order to forecast various commodity and financial markets
throughout the world. These presently include, but are not limited to,
stocks, stock indexes, ETFs, energies, interest rates, currencies, metals,
grains, meats, softs and Forex, covering over 600 world markets.
www.TraderTech.com
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