Finotec News Archive - February 5 2008

In Depth Analysis

EUR/USD - USD looking upbeat as EUR failing to capitalize on FED decision. - The dollar was little changed as investors await other key central bank decisions this week and more U.S. data for clues about whether the economy is falling into a recession that may require more sharp Federal Reserve rate cuts.

Commodities News

US Supplies Rise - Crude Oil is currently trading at $89.47 a barrel 09.42GMT.

Rate cuts dig in - Gold prices fell as investors continued to take profits as they did towards the end of last week. The February contract was last seen trading at the levels of 900.30, at 9:00 GMT

Forex Pairs Daily Analysis

USD/CHF-The pair looks in a strong short term bullish trend - The market strategy is to sell a failure to break the 38.2% Fibonacci at 1.1065

EUR/USD-The pair is still trading beneath the MA signalling a favour for the sell side. - Market strategy is to sell a break of the 1.4790 buy a bounce

GBP/USD-The MA’s are after a bullish cross - Market strategy is to sell a failure to break the 1.9825 resistance level

USD/JPY-The momentum is in upper trend - Market strategy stands on selling on a failure to break the 107.45 resistance level

Forex Daily Analysis

RBA tightens to curb inflation - Today investors will be focused on the data that will come from U.S. economy such as Non-manufacturing ISM which measures economic business activity which is published at 15:00 GMT. Analysts are expecting the data to slip further in January to 53.0 f

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