Friday, 7 December 2012

Daily Morning Report 07/12/2012 | Forex Trading Analysis

 The number of Americans  applying for first-time claims for unemployment insurance payments came climbed less than expected. The Labour Department reported that applications for unemployment benefits rose to 370,000 last week, following an upwardly revision to 395,000 from 393,000 initially reported the previous week.
The BoE left its monetary policy unchanged at today’s meeting, maintaining the main interest rate at 0.5 percent and the asset purchases at £375 billion. Britain’s central bank is in a difficult position as inflation remains above the target, limiting the bank’s ability to ease the policy, while the recession calls for more accommodative measures.
Eurozone GDP showed a third-quarter contraction of 0.1 percent, to reflect a 0.6 percent drop in annual. German factory orders was the exception to the overall negative tone with orders rising 3.9 percent in October, to represent a 2.4 percent contraction in annual terms