Finotec News Archive - December 17 2007

Company News

Finotec Group, Inc. stock now actively trading on the over the counter bulletin board (“OTCBB”), - Finotec Group, Inc., a business offering its customers Forex Trading online, has developed an internet-based software platform that allows clients to trade in the forex market.

Commodities News

Oil Struggles To Hold Above 90$ a Barrel - Crude oil struggles to hold above the 90$ a barrel level agter the dramatic move of the dollar

Gold Dips On a Stronger Dollar - Gold dipped as low as 785$ an ounce after the drastic move of the dollar vs. the Euro in the last days

Forex Pairs Daily Analysis

USD/CHF - The market strategy is to Buy a break of the resistance level 1.1605 targeting to 1.1670

EUR/USD - The first target is 1.4290 at previous resistance level, Second at 1.4160$

GBP/USD - Break of the support level 2.0150 will be a good selling signal

USD/JPY - The daily trend is bullish

Forex Daily Analysis

The Dollar Recover after higher inflation date from US - The dollar's momentum was triggered at the end of last week when higher than anticipated US retail sales and inflation data

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.

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