The UK service sector registered little change in business activity during November as incoming new work fell slightly for the first time in nearly two years. A tough economic climate was commonly reported to have undermined efforts to secure new business. UK Stock! This also weighed on service sector confidence, with sentiment falling in November to the lowest of 2012 so far. After accounting for seasonal factors, the Business Activity Index recorded 50.2, compared to 50.6 in October.
Wednesday, 5 December 2012
US ADP
Private sector employment increased by 118,000 jobs from October to November, according to the November ADP National Employment Report®, which is produced by Automatic Data Processing, Inc. (ADP®), a leading provider of human capital management solutions, in collaboration with Moody’s Jobs! Analytics. The report, which is derived from ADP’s actual payroll data, measures the change in total nonfarm private employment each month on a seasonally-adjusted basis. The October 2012 report, which reported job gains of 158,000, was revised down by 1,000 to 157,000 jobs.
ISM Services Gauge in U.S
The Institute for Supply Management’s
index of U.S. non-manufacturing businesses, which covers about 90 percent of the
economy, rose to 54.7 in November from the prior month’s 54.2, the Tempe,
Arizona-based group said today. ISM! Readings above 50 signal expansion, and
estimates ranged from 51 to 54.7. The ISM services survey covers industries
ranging from utilities and retailing to housing, health care and finance.
Tuesday, 4 December 2012
Daily Afternoon Report 04/12/2012 | Forex Trading Analysis
The US dollar was
broadly lower against the other major currencies as investor confidence was
boosted by hopes that Greece’s plan to buy back debt will succeed. EURUSD found
support after Greece launched a scheme to buy back its debt from private
investors, as part of an agreement to unlock a new bailout package worth EUR44
billion. European Union finance ministers were holding talks in Brussels on
Tuesday, to discuss banking supervision in the euro zone.
The GBP remained supported after data showed that construction sector activity in the U.K. unexpectedly declined to a three month low in November.
The yen strengthened after Monday’s weak U.S. manufacturing data and ongoing concerns over the U.S. fiscal cliff enhanced the safe haven appeal of the currency.
Click Here! The Australian dollar turned higher earlier after the Reserve Bank of Australia cut its benchmark interest rate to 3% from 3.25% in a widely anticipated decision. RBA Governor Glenn Stevens said the Australian dollar remains “higher than might have been expected” given lower export prices and a weaker global outlook.
The GBP remained supported after data showed that construction sector activity in the U.K. unexpectedly declined to a three month low in November.
The yen strengthened after Monday’s weak U.S. manufacturing data and ongoing concerns over the U.S. fiscal cliff enhanced the safe haven appeal of the currency.
Click Here! The Australian dollar turned higher earlier after the Reserve Bank of Australia cut its benchmark interest rate to 3% from 3.25% in a widely anticipated decision. RBA Governor Glenn Stevens said the Australian dollar remains “higher than might have been expected” given lower export prices and a weaker global outlook.
Monday, 3 December 2012
Technical Level
|
EUR/USD
|
GBP/USD
|
USD/JPY
|
AUD/USD
|
USD/CAD
|
USD/CHF
| |
|
R3:
|
1.3090
|
1.6137
|
82.33
|
1.0476
|
0.9971
|
0.9282
|
|
R2:
|
1.3075
|
1.6118
|
82.19
|
1.0466
|
0.9965
|
0.9275
|
|
R1:
|
1.3059
|
1.6100
|
82.12
|
1.0449
|
0.9957
|
0.9267
|
|
S1:
|
1.3045
|
1.6082
|
82.05
|
1.0432
|
0.9949
|
0.9252
|
|
S2:
|
1.3031
|
1.6064
|
81.91
|
1.0422
|
0.9942
|
0.9245
|
|
S3:
|
1.3015
|
1.6045
|
81.77
|
1.0395
|
0.9927
|
0.9238
|
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