Finotec News Archive - December 19 2007

Forex Weekly Analysis

Bank Recommendations - EUR/USD is targeting to 1.4060 in two months

Company News

Finotec dealing desk schedule - Due to further expansion of Finotec Global Trading center our new Dealing Desk will start operation in London under following schedule

Commodities News

The crude oil fell on economic woes - Crude oil extended losses on economic outlooks that predicted a global economic slowdown in 2008 that will lead to a drop in demand

The Gold Hiking 800$ Again - The gold broke the 800$ level again on firm demand and globally rising inflation pressure

Forex Pairs Daily Analysis

USD/CHF - breaking the resistance level at 1.1575 will be strong buying signal

EUR/USD - Hourly chart shows more decline in EUR/USD

GBP/USD - next support level stands at 2.0000$

USD/JPY - Hourly chart shows a correction down

Forex Daily Analysis

Euro Enters Selling Pressure - The euro weakened against the dollar as investors expect more signs of an economic slowdown in the European economy

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