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Finotec News Archive - December 10 2007

Forex Weekly Analysis

The market awaits Fed rate decision - The forex has already priced in the effects for a rate cut as well. Clearly, if we get a surprise and the Fed holds, we will likely see some solid volatility in the FX.

USD/CAD - Bank of Canada will cut Interest Rate Again? - The Canadian dollar charged higher on Friday as a strong domestic jobs report showed the economy hanging in despite turmoil in the U.S. housing sector and financial market disruption.

Technical Indicators - Technical Indicators

Commodities News

Crude Oil Retreats - The crude oil extended losses on concerns over an economic slowdown. Concerns over an economic slowdown, triggered by the current globally spreading credit crunch, that will lead to a fall in demand pulled the crude oil down

Gold Trades Higher on Dollar Weakness - Gold traded higher after the dollar weakened vs. the Euro and investors turned to the precious metal as safe heaven against credit market woes

Forex Pairs Daily Analysis

USD/CHF - The target is 1.1450 at previous resitance level

EUR/USD - The daily trend remains bearish

GBP/USD - The daily trend is bearish but correction expected

USD/JPY - The daily trend is bullish

Forex Daily Analysis

The dollar will take direction from todays data - Today the main focus will on the pending home sales form U.S. at 15:00 GMT and at 13:15 GMT housing starts in Canada.

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Real Time Forex Calendar

Event Date

PPI m/m(EUR)	20.11.2008 07:00
Trade Balance(CHF)	20.11.2008 07:15
Retail Sales m/m(GBP)	20.11.2008 09:30
Public Sector Net Borrowing(GBP)	20.11.2008 09:30
Wholesale Sales m/m(CAD)	20.11.2008 13:30
Unemployment Claims(USD)	20.11.2008 13:30
Consumer Spending m/m(EUR)	21.11.2008 07:45
Interest Rate Statement(JPY)	21.11.2008 00:00
Manufacturing PMI(EUR)	21.11.2008 08:00
Services PMI(EUR)	21.11.2008 08:00
Manufacturing PMI(EUR)	21.11.2008 08:30
Services PMI(EUR)	21.11.2008 08:30
Manufacturing PMI(EUR)	21.11.2008 09:00
Services PMI(EUR)	21.11.2008 09:00
Italian Retail Sales m/m(EUR)	21.11.2008 09:00
Core CPI m/m(CAD)	21.11.2008 12:00
CPI m/m(CAD)	21.11.2008 12:00

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