Finotec News Archive - November 19 2007

Forex Weekly Analysis

Investor Awaits The Meetings of the central Banks in US and GB - Growing concerns about the impact of the credit crunch, caused mainly by sub prime mortgage problems

GBP/USD - Pound Dropped Against US Dollar on Interest Rate Outlook! - The pound dropped against all of the 16 most-active currencies in the past week after the central bank suggested in its quarterly economic outlook it may lower its benchmark rate from a six-year high before the end of the year.

GBP/USD Technical Indicators - GBP/USD - Technical Indicators

Forex Pairs Daily Analysis

USD/CHF - The market strategy is to buy long on failure to break 1.1115 or sell at a break.

EUR/USD - The market strategy stands on buy after a break of 1.4705

GBP/USD - The market strategy stands on sell on a failure to break 2.0620

USD/JPY - The market strategy is to trade between the 109.15/111.75

Forex Daily Analysis

US Dollar Open stable, Japanese Yen climbing - a growing number of market participants do not expect the Bank of Japan to raise interest rates until next April at the earliest

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