Finotec News Archive - November 9 2007

In Depth Analysis

EUR/JPY - Brighter outlook for the yen over the next few months! - Japan's economy will remain solid in the medium-and long- term.

Commodities News

Crude Oil prices eased on concerns about the health of the top economy - Analysts have said oil could climb above $100 a barrel in the coming days amid expectations that stockpiles in major consumer countries will grow tighter this winter.

Gold is up more than 30 percent on the year - The metal also generally is seen as a hedge against oil-led inflation.

Forex Pairs Daily Analysis

USD/CHF - Fail to break resistance level 1.1350 wil be strong selling signal and the target is 1.1220.

EUR/USD - Fail to break support level 1.4615 wil be strong buying signal and the target is 1.4730.

GBP/USD - The strategy is buy at 2.0940 for 2.1100, with stop loss at 2.0895, just below 2.0900 (psychological).

USD/JPY - Fail to break resistance level 112.55 wil be strong selling signal and the target is 111.60

Forex Daily Analysis

Dollar falls after Bernanke`s speach,views for a December interest rate cut - U.S. short-term interest rate futures show an 82 percent implied chance the Fed will trim benchmark rates by a quarter point in December, up from 70 percent late on Wednesday.

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