Finotec News Archive - January 4 2008

In Depth Analysis

EUR/JPY - Holiday pays off for yen as euro ends the week on a low down. - The Yen traded near the highest levels in more than a month against the dollar after minutes of the Fed’s December 11th FOMC meeting suggested that the policy makers judged U.S. economic growth to be ``somewhat more sluggish'' than forecast.

Commodities News

Crude Oil down after reaching 100$ a barrel on Thursday - OPEC may decide to increase oil output at its February 1 meeting

Gold holds near record high on oil, weak dollar - Gold Strong resistance level is still hold on 880.00$ a barrel.

Forex Pairs Daily Analysis

USD/CHF - market strategy is to buy till the target of 1.1190

EUR/USD - The pair broke down the mid line of standard error channel

GBP/USD - the pair tendency is still down

USD/JPY - RSI trend up from the oversold area

Forex Daily Analysis

Sterling drop to 4-1/2 month low against the dollar - Today investors will be focused on U.S. jobs report such as nonfarm payrolls that will be released at 15:30 GMT.

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