Finotec News Archive - November 6 2007

In Depth Analysis

EUR/JPY - Euro heading to break previous strong resistance! - The yen slipped broadly on Tuesday as gains in some Asian stock markets pointed to a pick-up in risk appetite and soothed worries about an unwinding of risky carry trades.

Commodities News

Crude Oil jumped more than $3 to a record high over $97 per barrel - Oil approaching the $100 mark and the all-time inflation-adjusted

Gold pointing toward 850$ - "The level of 850$ seems to be achievable" said chief dealer from Finotec.com group.

Forex Pairs Daily Analysis

USD/CHF - Sell a fail into the Nov 2 low at 1.1495 as well.

EUR/USD - If prices fail again in the 1.4570-75 area we will book modest profits.

GBP/USD - breaking the support level of 2.0800 will be a strong selling signal.

USD/JPY - Fail to break resistance level 114.83 will be strong sell signal

Forex Daily Analysis

Bets for euro gains, the pair EUR/USD at 1.47$ or even 1.50$. - Today the main focus will be on the non farm productivity data and labor cost in U.S. at 13:30 GMT.

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