Finotec News Archive - November 22 2007
Forex Weekly Analysis
Banks Recommendations - Euro targets $1.4890, then $1.50-CBCM
In Depth Analysis
USD/CAD - Canadian dollar looking to shine after a six week dim against US dollar. - Canada's dollar slumped to a six- week low against US dollar as the nation's retail sales unexpectedly declined, increasing speculation that the Bank of Canada will cut borrowing costs at its meeting next month.
Commodities News
The Crude Oil Slips Below 97$ a Barrel - Crude oil eased down below 97$ a barrel but the weak dollar limited the drop
Forex Pairs Daily Analysis
USD/CHF - Market strategy stands on selling a failure to break the 1.1080 resistance
EUR/USD - Market strategy is to buy a break of 1.4900
GBP/USD - Market strategy is to sell a bounce of 2.0700.
USD/JPY - The market strategy stands on buy a bounce of 108.15 sell a break
Forex Daily Analysis
Fed Cut US Growth Forecasts for 2008 - The OECD assess that loses from the US sub prime mortgage market might reach 300 billion passing the fed estimation of 150 billion