BOC remained stuck in the tight range of 4.28-4.38 during the week, showing no sign of a quick break out of this band. A clear break on the downside below 4.28 should yield 4.20, the major support then 4.16. On the upside, a break above 4.38 should yield 4.46 to 4.53. RSI: 62.77 5-day: 4.31

The euro is hovering around 1.2690 pivot point for the week trapped in the 1.2650-1.2750 range. As long as the pair is in this band, play the range, but go with the breaking side for a minimum 100 points move. On the downside, if the 1.2650 gives way, preferably on a NY closing basis, then

The key inflation rate that will be used to judge whether Cyprus has met the euro Maastricht inflation target rose again in August, as the average harmonised inflation rate (HICP) rose to 2.3% for the 12-month period September 2005 to August 2006, compared with 2.2% in the period August 2005 to July 2006. This is

The Department of National Library in Jordan has renewed its efforts to protect Intellectual Property Rights (IPR) in the country by stepping up its campaign against software piracy. The Department recently conducted raids on two computer companies in Amman, which resulted in the confiscation of computers and CDs loaded with pirated software. Ali Al Harakeh,

— Phone connections up 23% in the UAE BenQ Siemens is gearing up to tap the fast growing cellular phone user base in the UAE with its recently launched range of mobile phones. A recent Madar Research study shows that as at the end of 2005 there were 4.5 mln phone connections in the UAE,

Netsky-P led the top 10 chart for malicious software threats in August, retaining its rank despite the availability of fixes for more than two years, CNET reports. During August, Netsky-P accounted for 19.9% of all malicious software incidents reported, according to a report released Friday. Netsky-P, which remains the most widely spread of the e-mail