Finotec News Archive - November 5 2007
Forex Weekly Analysis
Is the dollar downtrend will change due to the data this week? - Also, this week will be very important to look closely at the interest rate announcement in Euro zone and the bank of England on Thursday.
AUD/JPY - Will Japanese Yen continue to rise? - The yen rose to a one-week high against the dollar after Citigroup Inc. projected as much as $11 billion in additional writedowns, prompting traders to repay loans from Japan used to buy higher-yielding assets.
AUD/JPY -Technical Indicators - AUD/JPY -Technical Indicators
Commodities News
Crude oil ends up over $2 on jobs data - Crude's rebound from a $1 loss on Thursday was supported by a rally in heating oil and gasoline futures. Traders also cited some refinery problems in Europe and forecasts for the first blast of cold air moving into the U.S. Northeast, the world's big
Gold stand on the possitive momentum - "It is certainly a question of when, not if, we get to $850, but there is nothing on the immediate horizon to generate the fresh momentum needed. A short period of consolidation seems in order,"
Forex Pairs Daily Analysis
USD/CHF technical - Fail to break resistance level 1.1600 will be strong sell signal
EUR/USD technical - Fail to break support level 1.4415 will be strong buy signal
GBP/USD technical - breaking the resistance level of 2.0898 will be a strong buy signal.
EUR/USD 05.10.2007 - Fail to break support level 1.4415 will be strong buy signal
Forex Daily Analysis
Pound falls, gilts tick higher after weak UK data - Services figures and manufacturing and industrial output data are released at 0930 GMT, giving further clues to the state of the British economy and prospects for a rate cut in December.