Finotec News Archive - November 12 2007

Forex Weekly Analysis

EUR/GBP - Euro Posts Biggest Weekly Gain Against Sterling! - The ECB left interest rates on hold at 4 percent last week but pointed to upside risks to inflation as well as downside risks to growth.

EUR/GBP Technical Indicators - EUR/GBP - Technical Indicators

Commodities News

Oil falls as Saudi considers output rise - Crude oil future contract is trading around the levels of 95.40$ per barrel

Gold drops 2 percent on strong dollar, risk aversion - Gold tumbled more than 2 percent to its lowest level in nearly a week Monday, as weaker crude oil and falling stock markets pushed investors to book profits from a recent rally to its best level since 1980

Forex Pairs Daily Analysis

USD/CHF - USD/CHF showes uptrend for the short term

EUR/USD - EUR/USD under a selling pressure, the mareket targeting to 1.4505

GBP/USD - GBP/USD is likly to correct lower

USD/JPY - USD/JPY IS IN 18 month low, trader targeting to 109.00

Forex Daily Analysis

Risk aversion boosts yen to 18-mth high vs. dollar - At the moment the dollar is trading around the levels of 1.4600 against the Euro, around the levels of 110.55 against the Yen and around the levels of 2.0780 against the Sterling

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