Finotec News Archive - January 17 2008

In Depth Analysis

USD/CHF - U.S. Dollar regains power based on ECB member’s declaration! - The Swiss franc eased off recent highs versus the dollar and the euro today as stock markets recovered, dampening the Swiss currency's appeal as a safe haven for investors.

Commodities News

Crude oil ends down $1 as supplies rise - An OPEC delegate said that OPEC is improbably to raise oil supply at its Feb. 1 meeting.

Gold prices pull back from record highs due to strong dollar vs. euro - For now, it seems that many speculative traders will take an advantage of cheaper gold.

Forex Pairs Daily Analysis

USD/CHF - Market strategy is to sell on a failure to break the 1.1130 (38.2%) resistance level

EUR/USD - The market strategy will be buy dip on a failure to break 1.4630/1.4645 support levels.

GBP/USD - Market strategy is to sell on a failure to break the 1.9650 resistance level

USD/JPY - Market strategy is to sell on a failure to break the resistance level of 108.40 buy on a break

Forex Daily Analysis

US dollar steady vs. euro after a sharp gains yesterday - Investors will be focused on Fed Chairman Bernanke's words later in the day

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