Finotec News Archive - December 14 2007

In Depth Analysis

USD/CAD – Dollar Heads For Weekly Advance Against Canadian! - The currency fell as low as 97.71 U.S. cents, its lowest level since mid-September.

Commodities News

Crude oil loose gains - U.S. crude oil inventories fell to their lowest since March 2005 last week

GOLD drop after U.S strong data - Gold has benefited from wider investment demand created by risk-averse investors looking for shelter from the credit crunch,

Forex Pairs Daily Analysis

USD/CHF - Breaking the resistance level 1.1453 will be strong buy signal till 1.1510.

EUR/USD - Breaking of support level 1.4575 will be strong sell signal till 1.4530.

GBP/USD - Breaking of support level 2.0335 will be strong sell signal

USD/JPY - Breaking the resistance level 112.60 will be strong buy signal.

Forex Daily Analysis

U.S. data pushed the green back higher, sub prime concerns calms - Today, investors will take a close look at the CPI m/m data from U.S. that will be released at 13:30 GMT

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