Finotec News Archive - January 8 2008
In Depth Analysis
GBP/USD – Another boost for the Sterling after House Price Index data! - The pound advanced against the dollar as an industry report showed U.K. house prices unexpectedly rose for the first time in four months in December.
Commodities News
Oil Rebounds on Higher Demand For Commodities - Crude oil future contract is trading around the levels of 95.60$ per barrel.
Gold Prices up as High Inflation Risk Remains - The long term trend stays bullish
Forex Pairs Daily Analysis
USD/CHF - Strong resistance at 1.1200, faiure to breake will be a good selling signal
EUR/USD, The daily trend remains steady - The first target is 1.4750 at previous resistance level.
GBP/USD,The daily trend is bullish - Break of the resistance level 1.9805 will be a good buying signal
USD/JPY,The daily trend is bullish - The market strategy is buy deep at 109.30
Forex Daily Analysis
Dollar Still steady Against Major Currencies - The US. currency is keep steady against the Euro and the Japanease Yen, as investors are looking for new data about the biggest economy