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Finotec News Archive - February 4 2008

Forex Weekly Analysis

Beware of the Aussie - Investors are favouring higher yielding currencies such as the AUD, which enjoys a cash rate of 6.75% and widely expected to tighten to 7.00%

USD/CHF - US Dollar continues to fight as strategy shows a weak Swiss franc. - The Swiss franc fell against the euro on Monday after the Swiss National Bank warned there were downside risks to the economy from exports and retail trade.

USD/CHF - Technical Indicators - USD/CHF - Technical Indicators

Commodities News

OPEC quotas unchanged - Crude Oil prices fell on Friday on the fears that the decline in US jobs may lower oil demand

Golds rally week over - Gold prices fell as investors took profits at the end of the week

Forex Pairs Daily Analysis

USD/CHF-The MA’s are after a bullish cross - The market strategy is to sell a failure to break the 1.0920 resistance level

EUR/USD-The momentum oscillator is in a bearish trend - Market strategy is to buy a failure to break the 1.4810 support sell a break.

GBP/USD-The momentum oscillator is pointing up but still beneath the zero line - The market strategy is to sell a failure to break the 1.9825 resistance level.

USD/JPY - The market strategy is to sell a failure to break the 107.20 resistance level

Forex Daily Analysis

Payrolls sink US further - US non- farm payrolls declined 17K in January. The market was forecasting a 55000 increase in people employed excluding the farming industry

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Real Time Forex Calendar

Event Date

PPI m/m(EUR)	20.11.2008 07:00
Trade Balance(CHF)	20.11.2008 07:15
Retail Sales m/m(GBP)	20.11.2008 09:30
Public Sector Net Borrowing(GBP)	20.11.2008 09:30
Wholesale Sales m/m(CAD)	20.11.2008 13:30
Unemployment Claims(USD)	20.11.2008 13:30
Consumer Spending m/m(EUR)	21.11.2008 07:45
Interest Rate Statement(JPY)	21.11.2008 00:00
Manufacturing PMI(EUR)	21.11.2008 08:00
Services PMI(EUR)	21.11.2008 08:00
Manufacturing PMI(EUR)	21.11.2008 08:30
Services PMI(EUR)	21.11.2008 08:30
Manufacturing PMI(EUR)	21.11.2008 09:00
Services PMI(EUR)	21.11.2008 09:00
Italian Retail Sales m/m(EUR)	21.11.2008 09:00
Core CPI m/m(CAD)	21.11.2008 12:00
CPI m/m(CAD)	21.11.2008 12:00

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