Finotec News Archive - January 18 2008

In Depth Analysis

GBP/JPY – Will Sterling maintain the uptrend against a fragile Japanese Yen? - Sterling rose against the euro and dollar after John Gieve, deputy governor of the Bank of England, said inflation is likely to rise well above target in the coming months.

Commodities News

Crude Oil Continues Down On Recession Fears - The Black Gold fell sharply on Thursday for the third straight session following the Fed chairman Ben S. Bernanke remarks on the economic forecast

The Gold Dips On lower Oil price and a Firmer Dollar - The precious metal has received some selling pressure on a lower oil prices and a firmer dollar

Forex Pairs Daily Analysis

USD/CHF - Market strategy is to sell a failure buy a break of 1.1085

EUR/USD - Market strategy is to buy at a failure to break the 1.4550

GBP/USD - Market strategy is to sell a break buy a failure to break the 1.9600 support level

USD/JPY - Market strategy is to buy a break of 107.90 sell a failure to break

Forex Daily Analysis

The Dollar Rebounds vs. the Yen - Attention from the Bush administration to launch an economic-stimulus plan gave investors some hope that the US economy might avoid a recession

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