Finotec News Archive - November 26 2007

Forex Weekly Analysis

The Dollar Ended Another Week of Record Lows Vs. the Euro. - The dollar ended another week of breaking new record lows against the Euro when reaching to 1.4967 on Friday

EUR/ USD - Numerous attempts could finally see Euro breaking 1.50 against a rigid dollar! - The US dollar fell to a new record low against the Euro overnight, but the Euro failed to hold onto those gains.

Technical Indicators - EUR/USD - Technical Indicators

Commodities News

High fuel demand forecast push the crude higher - OPEC ministers are due to meet in Abu Dhabi on Dec. 5 and discuss raising output

Gold lift up to a two week high - It seems to be bullish day for a gold and the technical target is 845.40$ the highest level earlier this month

Forex Pairs Daily Analysis

USD/CHF - The minor bullish trend didn’t break the 1.1080 resistance

EUR/USD - The pair tryed to break the 1.4800 support level

GBP/USD - The RSI is pointing up to rising demand on the buying side.

USD/JPY - The pair broke the MA line upward

Forex Daily Analysis

U.S Dollar recovers a bit from record low vs. euro, yen stumble - The main focus today will be on the ECB President Jean-Claude Trichet speech in Mumbai at 11:00 GMT which can give a clue about farther monetary policy in euro zone, the ECB rate holds on 4.0%.

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