Finotec News Archive - January 7 2008
Forex Weekly Analysis
The dollar recovers from deep drop to a six week low against the yen - This week investors will be focused at the ECB and BOE interest rate decisions due to announce their decisions on Thursday
USD/JPY - Investors switch to YEN as Dollar continues decreasing after awful JOB data. - The dollar edged up from a six-week low against the yen on Monday as Japanese investors stepped in to buy after its slide late last week on poor U.S. jobs data that bolstered expectations for an aggressive Fed rate cut.
Technical Indicators - USD/JPY - Technical Indicators
Commodities News
Crude oil continue Friday`s decline - Investors closed their buying position on crude driven by fears that the demand for black gold will decrease
Gold fall down but the sentiment is still positive - Breaking the resistance level at 865.00 can push the gold higher
Forex Pairs Daily Analysis
USD/CHF - Fail to break support level at 1.1100 will be stron buy signal
Eur/Usd Technical indicators shows down - The Market strategy is to sell the pair at the level 1.4730
GBP/USD correction and drop - Breaking the support level at 1.9645 can push the pair deeper
USD/JPY correction up - The pair can correct up, fail to break 109.50 will be strong sell signal
Forex Daily Analysis
The Dollar Recovers - Weak job data on the US economy spurred expectation for an aggressive rate cut by the fed in the coming meeting at the end of the month