Analysis

CURRENCIES: The June Euro currency closed down 60 points at 1.1208 today. Prices closed near the session low and hit another nearly two-year low today. The bears have the solid overall near-term technical advantage.

The June Japanese yen closed down 55 points at .89745 today. Prices closed nearer the session low. Bears have the solid overall near-term technical advantage.

The June Swiss franc closed down 4 points at .9849 today. Prices closed nearer the session low. Prices Tuesday hit a contract low. The Swissy bears have the solid overall near- term technical advantage.

The June Canadian dollar closed down 26 points at .7424 today. Prices closed nearer the session low and hit a 3.5- month low today. The bears have the firm overall near-term technical advantage.

The June British pound closed down 15 points at 1.2961 today. Prices closed nearer the session low and hit a nine- week low today. The bears have the overall near-term technical advantage. Prices are in a six-week-old downtrend on the daily bar chart.

The June U.S. dollar index closed up 0.375 at 97.700 today. Prices closed near the session high today and hit another contract high. The bulls have the solid overall near-term technical advantage. There are no early clues of a market top being close at hand.