Finotec News Archive - November 21 2007

Commodities News

The Crude Oil Ends Down After Hitting Record Highs - Another day of volatile trading ended with the crude oil finishing lower

The 850$ an Ounce is Eyed Again - Gold recovered to above 800$ an ounce after the dollar went to new record lows against the Euro and crude prices stayed near record highs

Forex Pairs Daily Analysis

USD/CHF - The market strategy is to sell a failure to break 1.1080

EUR/USD - Market strategy stands at buy a bounce sell a break of 1.4920

GBP/USD - The market strategy is to sell a failure to break 2.0695

USD/JPY - Market strategy stands at buy a bounce sell a break of 108.15

Forex Daily Analysis

Dollar Dips to Two years Low vs. the Yen; Euro Hit New Record High - The dollar continued to sell weakening to 1.4866 vs. the Euro and 108.26 vs. the yen.

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