Finotec News Archive - January 30 2008

Commodities News

Crude oil prices increase, investors focused on Fed cut and inventories - The Energy Information Administration, the statistical arm of the Department of Energy, will release its weekly petroleum stocks report Wednesday at 15:30 GMT.

Gold future drop after reaching a record high, focus on Fed decision - Technically for the short term gold prices can go higher when the strong resistance level stands on 930.00 dollar an ounce, breaking this high level may push the prices till 950.00 dollar an ounce

Forex Pairs Daily Analysis

USD/USD-market strategy can be a sell at break of support level 1.0850 - The pair trades on the lower bollinger band

EUR/USD-market strategy can be a buy at support level 1.4750 - Pair tendency this week is bullish

GBP/USD-market strategy can be a buy at support level 1.9860 - The pair trades on the thin bollinger trade between 1.9928 and 1.9858

USD/JPY-market strategy can be a buy at support level 106.60 - The pair trades on the thin bollinger trade between 107.18 and 106.63

Forex Daily Analysis

U.S. dollar remains stable due to the Fed interest rate decision today - It seems to be that the Fed is going for another cut of 25 or 50 basis points

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