Alaron Currency Comment

CHICAGO - Jun 25/09 - SNS -- Following is the currency futures comment from Alaron Trading Corp.

The EC opened higher at 1.3935 and slid to a  morning Lo of 1.8860, before following equity prices higher. An increase in risk-appetite saw traders leaving the safe-haven of Dollars, sending the EC to a daily Hi of 1.4012, before  drifting lower towards the close  to end the session at 1.3985, up 66 tics. The close above the 10-day MA changes the s/t trend to 'positive' w/neutral momentum indicators. Traders will key on overseas equity markets as a barometer for  'risk', which could  benefit the Euro should traders rotate out of DX, seeking higher yields. A higher open should find Resistance at 1.4036 and 1.4087, while an  open below 1.3961 may find Support at 1.3910 and 1.3835.  

The Dollar opened higher at 81.06 and rose to a daily Hi of 81.255, before an increase in risk-appetite  sent equity prices higher and DX to a  daily Lo of 80.57. Prices found Support at our Pivot level of 80.62 and ended the day-session at 80.70, down 18 tics.  The close below the 10-day MA changes the s/t trend to 'negative' w/ neutral momentum indicators. Higher equity prices could weigh further on the DX ahead of Friday's economic reports on Personal Consumption, Personal Income and the U of Michigan Consumer Confidence survey at 8:30am et. A lower open may find Support at 80.42 and 80.15, while an open above 80.84 should find Resistance at 81.11 and 81.52.

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.