Finotec News Archive - January 9 2008
Commodities News
Crude oil close higher on Nigeria, gold, supply concern - U.S. Energy Information Administration will issue its weekly inventory report at 15:30 GMT.
Gold Hits Record Above 890$ - Cash gold surged to a new record of $891.00 an ounce
Forex Pairs Daily Analysis
USD/CHF - market strategy is to buy on failure to break support level at 1.1020
EUR/USD - market strategy is to buy on failure to break support level at 1.4645
GBP/USD - market strategy is to buy on failure to break support level at 1.9655
USD/JPY - market strategy is to buy on failure to break support level at 107.90
Forex Daily Analysis
Euro stable against the dollar, sterling remains very volatile - Dollar straightened against the Japanese currency on hopes BOJ will continue his conservative monetary policy









