Finotec News Archive - December 27 2007
In Depth Analysis
EUR/USD - Will the dollar strengthen against the euro, due to low trade volume? - The dollar steadied on Thursday after sliding versus the euro in thin trade, but the focus remained on whether forthcoming economic data would reinforce concerns about a U.S. slowdown.
Commodities News
Crude Above 96$ on Supply Concerns - The crude oil rise above 96$ a barrel on expectation US inventories report will show a decline for a sixth week in a row
Gold Rise On higher Oil prices - Gold traded near a one month high, on thin volume, helped by a weaker dollar and rising oil prices
Forex Pairs Daily Analysis
Eur/Usd Technical pointing more upwards - The pair are still on the bullish trend that started on December 20.
GBP/USD - strong resistance at 1.9895 a break will be a buy signal
USD/JPY - Technical indicator showes more decline on usd/jpy
Forex Daily Analysis
Dollar Slid as Recession Concerns Arise - The dollar continued to lose ground as concerns over the credit crunch affects on the economy might drag it into a recession