Finotec News Archive - January 16 2008

Commodities News

Crude Oil Continues to Dip on Recession Fears - U.S. crude oil futures fell sharply on Tuesday as Wall Street tumbled after a record quarterly loss at Citigroup Inc and a surprise drop in December retail sales further fueled recession fears

The Gold Correct Below 900$ on Profit Taking - Gold fell more than 1 percent on Wednesday after a failure to hit a new record high the previous day sparked selling

Forex Pairs Daily Analysis

USD/CHF - Market strategy is to sell a failure to break the 1.0950 resistance level buy a break

EUR/USD - The market strategy is to buy on a failure to break the 1.4765 support level.

GBP/USD - Market strategy is to buy a bounce sell a break of 1.9550

USD/JPY - Market strategy is to sell a failure to break the 106.60 resistance level

Forex Daily Analysis

The Dollar Dips on a Drastic Fed Rate Cut Speculation - Continuing signs of a recession in the world biggest economy renewed the selling’s on the greenback

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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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