Alaron Currency Comment

CHICAGO - Apr 30/08 - SNS -- Following is the currency futures comment from Alaron Trading Corp.

The DX opened higher at 73.10 and rose to a morning Hi of 73.30 as a better than expected ADP Employment Report showed an iexpected ncrease of 10,000 new private sector jobs vs the expected cut of -70,000. A favorable Q1 GDP of +0.6% added to push. Prices drifted lower after the reports

The BP opened lower at 1.9610 after a weaker than expected decrease  in annual  Home Prices, showing the first decline since 1996.  Traders discounted the weaker Consumer Confidence report and looked ahead, hoping the  bottom is near, pushing  prices to a mid-day Hi of 1.9788, before  

The CD opened higher at .9901 and dipped to .9882 on a weaker than expected Feb.GDP report showing a decrease of -0.2% vs an expected increase of +0.2%. Prices rebounded to a morning Hi of .9961 on the tail of stronger U.S. economic data, before retracing to a morning Lo of .9854.

The EC opened lower at 1.5513 and slid to a morning Lo of 1.5485 on weaker EU Consumer Sentiment, PMI and Jobless Claims in Germany. Prices bounced off the low toa morning Hi of 1.5554 as the DX retraced early gains.

The JY opened lower at .9582 and slid to a morning Lo of .9561 against a rising DX. Prices bounced to a morning Hi of .9612, before drifting lower into the afternoon session.

Bob Kozak

Alaron Research Team

800.462.4691

bkozak.com

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