Finotec News Archive - December 12 2007

Company News

Finotec receives FSA Approval - Finotec Group, Inc. (OTCBB: FTGI - News) is proud to announce that its United Kingdom subsidiary, Finotec Trading UK, Limited, has been authorized by the UK’s Financial Services Authority (FSA)

Commodities News

Crude Oil Fails to Hold Above 90$ - Crude Oil finished the flour session at 90$ a barrel following the Fed 0.25% rate cut.

Gold Falls on Fed Rate Decision - Gold received support from the rise in oil prices during the day but dropped below 800$ an ounce after the fed decision.

Forex Pairs Daily Analysis

USD/CHF - Market strategy is to buy a bounce sell a break of the support level at 1.1265

EUR/USD - Market strategy is to buy a bounce of 1.4635 support

GBP/USD - Market strategy is to buy a bounce of 2.0350

USD/JPY - Market strategy is to sell a failure to break the resistance level of 112.15

Forex Daily Analysis

Uncertainty Remains After The Fed Decision - The US Federal Reserve decision to, cut rate at a quarter of a point but to leave the discount rate unchanged, gave support to the dollar that gained against the Euro.

Trading in Foreign Exchange, CFDs, Options, Futures and Commodities and engaging in Spread Betting on financial products carries a high degree of risk to your capital and it is possible to lose more than your initial investment. You should only speculate with money that you can afford to lose. These products may not be suitable for all investors, therefore please ensure that you fully understand the risks involved and seek independent advice if necessary. Finotec Trading UK Ltd is authorized and regulated by the Financial Services Authority.

FSA Register Number [470392]


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