Finotec News Archive - December 21 2007

Forex Weekly Analysis

U.S. Dollar Rallies for two month high, will it continue? - ‘January effect’ might strengthen the Dollar for another session. Statistically the US Dollar appreciated against the Euro 9 out of the last 11 years in the first trading month.

In Depth Analysis

EUR/JPY – Euro slip against dollar, could lead to a heavier fall against yen! - The yen advanced on Thursday, buoyed by the view that the U.S. economy has yet to see the worst of the subprime mortgage crisis after investment bank bear Stearns reported its first year quarterly loss.

Company News

Dealing desk schedule due to Christmas holiday - .

Commodities News

Crude oil ends down as supply, economy weighed - Exports by the Organization of Petroleum Exporting Countries, excluding Angola and Ecuador, will fall 90,000 barrels per day in the four weeks to Jan. 5, Roy Mason of consultancy Oil Movements said on Thursday.

Gold bounces to around $800/ounce - Gold spiked to its highest level since January 1980 at $845.40 an ounce in early November

Forex Pairs Daily Analysis

USD/CHF - The hourly trend is bearish

EUR/USD - breaking the resistance level at 1.4355 will be strong buying signal

GBP/USD - The daily trend is bearish but correction expected

USD/JPY - the pair can test the next resistance level 113.50 an go lower

Forex Daily Analysis

Credit worries pull back the dollar after a sharp bounce - Today, the main focus will on the retail sales data from England at 9:30 GMT. In U.S Core PCE will be released at 13:30 GMT and later Consumer Sentiment, the data will provide inside look for the dollar performance. As well at 13:30 GMT Canada will

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