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Alaron Currency CommentCHICAGO - Sep 10/08 - SNS -- Following is the currency futures comment from Alaron Trading Corp. Euro Currency (ECU8): The EC opened lower at 1.4082 and bounced to a morning Hi of 1.4154, before retracing to 1.4011 on continued DX strength, lower oil and comments from ECB member Juncker, stating that the EZ risks a 'technical recession'. Dollar Index (DXU8): The DX opened higher at 79.45 and retraced to a morning Lo at our Pivot level of 79.40, before lower oil prices and comments from EC member Juncker stating that the EZ risks a 'technical recession' sent the DX to a mid-day Hi of 80.01, before British Pound (BPU8): The BP opened lower at 1.7560 and bounced to a morning Hi of 1.7620, before retracing to a mid-day Lo of 1.7527 on continued DX strength. Canadian Dollar (CDU8): Japanese Yen (JYU8): 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. PageGen v1.0ef
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