Finotec News Archive - December 4 2007

In Depth Analysis

GBP/USD – Sterling rises after data dims rate cut view! - Sterling rose versus the dollar and euro on Monday after unexpectedly strong manufacturing data led investors to trim expectations of an interest rate cut later this week.

Commodities News

Crude Oil Finish Higher After Descending to 87.15$ - Crude oil furfures rallied into the closing on Monday to finish a choppy session higher

The 800$ an Ounce is Eyed Again - The precious metal traded higher as crude oil recovered from the daily lows and the Ero gained vs. the dollar

Forex Pairs Daily Analysis

USD/CHF - Market strategy is to buy a failure to break the 1.1210 support

EUR/USD - Market strategy is to sell a failure to break the 1.4710 resistance

GBP/USD - Market strategy is to buy a bounce 2.0620 sell a break

USD/JPY - Market strategy is to is to trade the range of 109.50/111.75

Forex Daily Analysis

Negative Tune Stays as Uncertainty Grows - Treasury secretary Henry Paulson said that a mortgage relief plan is being created and should be ready until the weekend

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