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









