Alaron Currency Comment

CHICAGO - Apr 9/08 - SNS -- Following is the currency futures comment from Alaron Trading Corp.

The EC opened higher at 1.5679 and rose to a morning Hi at our secondary Resistance level of 1.5718, as weaker U.S. equity prices, higher energy prices and a weaker DX supported higher yielding foreign currency markets. The ECB will meet Thursday and is expected to leave rates 'unchanged' at the current 4.00% level. While ECB President Trichet is expected to address a possible slowing of economic growth, keeping a lid on inflation is a main concern. With the DX showing further weakness and the need of another 'rate' cut on April 30th, the yield-gap should support a higher EC.

The DX opened higher at 72.565, before retracing along with weaker equity prices to a morning Lo of 72.19. Concerns about the depth of the possible 'recession' may have on Q1 earnings and a surge in energy prices weighed on the DX heading into the afternoon session.

The JY opened lower at .9787 and rose to a mid-day Hi of .9862 against a falling DX and weaker equity prices. Short covering by carry-traders helped support the move as we head into the afternoon session.

Bob Kozak

Alaron Research Team

800.462.4691

bkozak.com

DISCLAIMER: Futures and options trading involve substantial risk. The valuation of futures and options may fluctuate, and as a result, clients may lose more then their original investment. In no event should the content of this website be construed as an express of an implied promise, guarantee or implication by of from the author(s) that you will profit or that losses can or will be limited in any manner whatsoever. Past performance is not necessarily indicative of future results. Information provided on this website is intended solely for informative purposes and is obtained from sources believed to be reliable. Information is in no way guaranteed. No guarantee of any kind is implied or possible where projections of future conditions are attempted. Alaron Trading Corp. its officers, directors, employees and brokers may in the normal course of business have positions, which may or may not agree with the opinions expressed in this report.

Information on this page is derived from third parties and is deemed to be reliable. STAT Communications Ltd. accepts no responsibility for errors, omissions or inaccuracies in any of the material presented on this web site. Opinions expressed on this web site are those of the respective individuals and/or institutions and do not represent the opinions of STAT Communications Ltd. and/or STAT Publishing or its staff and/or management.