Finotec News Archive - January 23 2008

Commodities News

Crude Oil Bounces On The Fed Move - The crude oil bounced yesterday after the fed cut rate by 0.75 basis points

Gold Aiming to the 900$ Levels on a Weaker Dollar - The Federal Reserve 0.75 basis point rate cut announcement yesterday in an emergency meeting initiated strong buying on the precious metal

Forex Pairs Daily Analysis

USD/CHF- The hourly trend is bearish - RSI stand on 65.286% and the trend pointing up to over bought area

EUR/USD- The daily trend remains is bullish - The market strategy is Selling of break the support level 1.4600

GBP/USD In a sharp correction upwards - Break of the support level 1.9605 will be a good selling signal.

USD/JPY -The daily trend is bearish - The target is 105.70 at previous support level

Forex Daily Analysis

Fed Cut Rates By 0.75 Basis Point In an Emergency Meeting - The Fed didn’t wait for next week meeting to announce a rate cut of 0.75 basis points

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