PitNews.com | Futures News - The Currency Report

The Currency Report by Bob Kozak Date: 08/12/09 Estimated Update: 08/13/09 Company: Alaron Trading Phone: 800-462-4691 E-Mail: bkozak@alaron.com Website: www.TheCommodityConsultant.com

Dollar 'Pauses' Ahead of FOMC Results Dollar Index (DXU9): The DX opened lower at 79.21 and rose to a morning Hi of 79.475 as equity markets retraced and traders sought the safe-haven of Dollars and Treasuries. Prices retraced to a mid-day Lo of 79.16 as equity prices rebounded and ended the day-session at 79.28, down 10 tics. The s/t trend remains 'positive' w/ firm momentum indicators. Traders will look for movement in foreign equity markets as a key to direction of the Dollar, however, with results of the FOMC coming out, longs should tighten 'stops' of buy 'puts' to reduce exposure. A lower open may find Support at 79.10 and 78.93, while an open above 79.29 should find Resistance at 79.46 and 79.65. There is a substantial risk of loss in trading futures and options. The information and data in this report were obtained from sources considered reliable. Their accuracy or completeness is not guaranteed and the giving of the same is not to be deemed as an offer or solicitation on our part with respect to the sale or purchase of any securities or commodities. 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. Any decision to purchase or sell as a result of the opinions expressed in this report will be the full responsibility of the person authorizing such transaction.