Currency Futures Market Comments for June 7, 2010
Currency Fuutes “Roll-Over” Begins Today, June 7

Futures and options trading is speculative in nature and involves substantial risk of loss. Futures and options trading is not suitable for all investors

CURRENCIES: 6/07/10 Higher closes last Friday for the dollar index and Japanese Yen while lower for the Aussie Dollar, Swiss Franc, Canadian Dollar, Euro Fx and British Pound. The euro made a new CONTRACT LOW CLOSE while the franc made its lowest close since March 17th, 2009 coninuing their overall downtrends. The yen settled sharply higher after making its lowest low in almost three weeks managing to hold a support area so far. The Canadian Dollar closed sharply lower with its lowest low and close in about a week trying to form a potential bottom. The pound closed lower still in a downtrend overall while the Aussie Dollar ended up sharply lower causing a failed bull pennant with its long-term downtrend still in tact. The dollar settled sharplu higher breaking out of its bull pennent boyed by Hungary's financial problems. BUY SIGNAL FOR THE DOLLAR INDEX. SELL SIGNALS FOR THE EURO FX,SWISS FRANC, BRITISH POUND,CANADIANAND AUSSIE DOLLAR. CALL FOR DETAILS! 

See the balance of my morning comments at my website. For my complete coverage, visit my commentary page at http://www.markethead.com. Create customized charts like these at my http://www.markethead.com website. 

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.

Futures and options trading is speculative in nature and involves substantial risk of loss. Futures and options trading is not suitable for all investors The information in this Report and the opinions expressed are subject to change without notice. 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.