Finotec News Archive - January 10 2008

In Depth Analysis

AUD/USD – Will Aussie stay in a trading range or continue to drop? - The Australian dollar may have already seen its peak for 2008 as growing fears of a U.S. recession cloud the outlook for global growth.

Commodities News

Crude oil ends lower as products drop on builds - according to Iran’s IRNA news agency reported Nozari as predicting on Wednesday that oil prices would rise well beyond $100 a barrel.

Gold slips down after rising to record near $900 an ounce - Cash gold prices jumped yesterday as high as $891.40 an ounce and fell as low as $871.60.

Forex Pairs Daily Analysis

USD/CHF - market strategy is to buy the pair on failure to break the support level at 1.1105

EUR/USD - market strategy is to trade on the range of 1.4605-1.4750

GBP/USD - market strtegy to sell the pair on break down support level at 1.9545

USD/JPY - strong resistance at 110.40 breaking this will be a buy signal

Forex Daily Analysis

Dollar straitens vs. sterling near 9 month high, later BoE rate announcement - Later today, the European Central Bank (ECB) and the Bank of England (BoE) will be announcing the results of their respective meetings.

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