Finotec News Archive - December 18 2007
Forex Weekly Analysis
Investors are looking very closely into U.S economic data - This week, Liquidity and credit issues will be extremely important influences on the currency markets.
Will Euro Stop Falling against US Dollar? - The euro liquidation continued as the week began with the pair dropping below the 1.4400 level in early London trade after staging a mild rally in Asian session.
Technical Indicators - Technical Indicators
In Depth Analysis
USD/JPY – Technically US Dollar may lose strength against Japanese Yen! - The yen fell against 12 of the 16 most-active currencies as speculation the Bank of Japan will refrain from raising interest rates spurred fund managers to invest in higher-yielding assets abroad.
Commodities News
Forecast that OPEC can raise the output lower the oil - There are signs that OPEC supply is already rising in December as a period of maintenance ends at oilfields in the United Arab Emirates.
Gold traded lower after a dollar rally - A higher dollar makes gold, which is denominated in the greenback, more expensive for investors holding other currencies. Gold is also viewed as an alternative currency to the U.S. dollar.
Forex Pairs Daily Analysis
USD/CHF - the pair strong support level remains at 1.1490
EUR/USD - The bearish trend of the pair can continue
GBP/USD - The pair start to correct down from upper bollinger band
USD/JPY - the pair can test the next resistance level 113.50 and push higher
Forex Daily Analysis
Housing data from U.S are on focus - In U.S most important will be the housing data which will be released at 13:30 GMT, positive surprise will lead the traders for more buying position in the dollar