Finotec News Archive - December 6 2007
In Depth Analysis
EUR/JPY – The European Central Bank will keep its rate at 4 percent? - The yen traded near a three-week low against the dollar after U.S. employment and factory reports signaled the world's biggest economy may avoid recession.
Commodities News
Crude oil ends up 3 pct on weak dollar - OPEC meets again on Feb. 1 in Vienna.
U.S. gold ends up as oil jumps, dollar loses ground - Gold often rises in times of financial turmoil and geopolitical tensions because of its safe-haven appeal.
Forex Pairs Daily Analysis
USD/CHF - The pair target stands on 1.1495
EUR/USD - Fail to break resistance level 1.4650 wil be strong selling signal
GBP/USD - resistance at 2.0310, the target isd 2.0110
USD/JPY - The target is the 112.60 Sep 10 and Nov 7
Forex Daily Analysis
Euro up on hawkish Trichet; yen trips as stocks rise - The Labor Department employment report is due at 1330 GMT on Friday