Finotec

Forex Technical indicators 04.12.2006
 
Moving Average:
MA moving higher after bullish crossover

RSI
RSI pointing down
 
MACD
MACD heading lower after bearish crossover
 
Bollinger
The pair starts moving downwards in Bollinger band
 
Bollinger Band and RSI

Fundamentals:
The dollar rebounded from a 20-month low against the euro as investors awaited more evidence the U.S. economy is weakening before adding to bets the Federal Reserve will lower interest rates. The dollar also rebounded on speculation a U.S. report this Friday may show job growth quickened in November. Employers hired 110,000 more workers following a 92,000 October increase, according to forecast. Dollar gains may be limited by speculation ECB policy makers will raise rates to 3.5 percent this Thursday. ECB President Trichet may also prepare the ground for another increase in the first quarter of 2007.

Moving Average and MACD