Finotec News Archive - December 24 2007

Forex Weekly Analysis

Merrill lynch positive reports support American economy - Technical indicators show us possibility for more declines on the pair for the short term.

Eur/Usd Technical indicators shows down - Daily graphs are indicating for bearish trend coming back

Company News

Platform Upgrading - Due to the Christmas Holidays in Europe, USA and Asia, trading volumes are expected to be extremely low

Commodities News

Crude Oil up on speculation for high demand - "The overall feel is that, basically, it's just playing around within the recent roughly $86-95, with trading thin for the pre-holiday and year-end period," reported by ‘Finotec’ dealing desk

Gold drops on strong dollar and soft holiday trade - Light festive-season trading and a stronger U.S. dollar conspired to drive gold a bit lower on Monday.

Forex Pairs Daily Analysis

USD/CHF - The daily trend is bullish

EUR/USD - The hourly trend remains bearish

GBP/USD - The daily trend is bearish

USD/JPY - The daily trend is bullish

Forex Daily Analysis

Carry trades lift dollar to 6-week peak against yen - The dollar surged to a 1-1/2-month peak of 114.16 yen, The Aussie surged nearly 1.0 percent to US$0.8669, while the Kiwi dollar gained 0.6 percent to US$0.7638

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