Finotec News Archive - January 15 2008

Forex Weekly Analysis

The BoE left the interest rate unchanged bu the market expect a cut on Feb - Also, the investors will be focusing on U.S. data this week and the U.S corporate earnings such as City Group on Tuesday.

In Depth Analysis

USD/JPY - U.S. Dollar lose strength against the Japanese Yen! - The dollar edged towards a seven-week low against the yen on Tuesday on concern that weak bank earnings will push the U.S. economy closer to recession, fuelling expectations for more interest rate cuts by the Fed.

Commodities News

Crude Oil - prices lower on concern about a potential recession in top consumer the United States and expectations of a rise in U.S. crude inventories

Gold stable above 900$ - Gold future contract is trading around the levels of 907.5$ per ounce

Forex Pairs Daily Analysis

USD/CHF- The daily trend is bearish - The target is 1.0850 at previous support level.

EUR/USD - The daily trend remains bullish

GBP/USD-The daily trend is bearish - Failure to break of the resistance level 1.9650 will be a good selling signal.

USD/JPY - The daily trend is bearish

Forex Daily Analysis

Dollar slips ahead to US. Econ Data - "Traders pay close attention to the Retail sales publication today from USA, any disappointing number wills lead to a strong selling pressure on the Dollar”. Reported from Finotec dealing desk

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