Currency Futures Market Comments for April 20, 2010

Can$ Uptrend still intact

CURRENCIES: 04/20/10 Higher closes Monday for the dollar index while lower for the Japanese Yen, British Pound, Canadian and Aussie Dollar along with the Euro Fx and Swiss Franc. The euro continues to be in a down-trend but has now gone into a consolidation mode and, along with the franc, is neutral at this time. The yen made a new recent high again but settled lower in reversal type action. I do have a buy signal but the long-term trend is definitely down.The Canadian Dollar made its lowest low in over two weeks but its up-trend is still in tact. The pound also closed lower but has struggled since I got my buy signal while the Aussie Dollar made its lowest low in two weeks still in a good up-trend overall. The dollar made its highest high and close in a week but has basically been trading between 8000 and 8200(June) since the beginning of February. BUY SIGNALS FOR THE DOLLAR INDEX, BRITISH POUND, CANADIAN AND AUSSIE DOLLAR ALONG WITH THE JAPANESE YEN. CALL FOR DETAILS!

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Rick Alexander has been a broker and analyst in the futures business for over thirty years. He is a Vice-President for Sales and Trading at the Zaner Group (www.zaner.com) a Chicago-based futures brokerage firm. Email Rick at ralexander@zaner.com or call toll-free (888) 281-4158.

The information in this Report and the opinions expressed are subject to change without notice. Neither the information nor any opinion expressed constitutes a solicitation by Rick Alexander or the Zaner Group of the purchase or sale of any futures or options. Futures and options trading is speculative in nature and involves substantial risk of loss. Spread trading is not necessarily less risky than outright positions. All known news and events have already been factored into the price of the underlying commodities discussed.