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

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