Finotec News Archive - November 14 2007

Commodities News

Crude bounced back almost 3% on high volatility - "The weaker dollar is helping and the market is also looking forward to tomorrow's data." At the moment the Crude Oil future contract is trading around the levels of 93.85$ per barrel

US gold rebounds 2 pct on weak dollar - ” We've had very, very big price moves, and we won't be surprised to see the same amount of moves in the upcoming months”, said from Finotec team. Gold future contract is trading around the levels of 813.00$ per ounce

Forex Pairs Daily Analysis

USD/CHF - the pair is on the way south from 1.1250. Only an hourly closer above 1.1380 will be a sign for reversal and will lead up to 1.1780 again. But overall downside is prevailing still.

EUR/USD - A break below $1.4520 hourly close can be a sign for exhaustion and a break below $1.4440 hourly close will reverse south and be a sign for the start of a correction.

GBP/USD - Daily close below $2.0550 its signal about a turn south again.

USD/JPY - the market strategy is to buy a failure to breake the support level of 111.05 ,targeting to 111.90

Forex Daily Analysis

Dollar slips as expectations for interest rate cut - ”the market expectation is to see the Euro/Dollar at 1.4800 until the end of the year”, said from Finotec dealing desk. The Dollar is trading around the levels of 1.4645 against the Euro, around the levels of 111.45 against the Yen...

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