Easy Pips Forex

UK Producer prices Fell in November
FXstreet.com (Barcelona) – Producer Price Index (PPI) has fallen between October and November at an slower pace than last month. yearly, PPI was moderate considerably in November, according to data provide by National Statistics.

In November, PPI input has fallen 3.3%, an slower pace than 4.3% revised decrease data in October. Market expected a 2.9% decreases in November. Yearly, PPI – input has risen 7.5% in November, lower than 15.4% increases posted in October, but not much as market’s expected of 6.5% increases.

PPI – Output declined 0.7% between October and November, at the same pace expected by market, but less than 1,0% decline posted in October. Yearly, PPI rose 5.1% in November, a moderate from 6.7% increase October’s date. Market expected 5.2% increases.

Core PPI was posted at 0.2% increases between October and November and rose 5.1% yearly.
FXstreet.com

US Dollar And Japanese Yen Pull Back As Confidence In And Expectations For Bailouts Rise
- US Dollar And Japanese Yen Pull Back As Confidence In And Expectations For Bailouts Rise – Euro Rallies Against the World s Most Heavily Traded Currencies….
strategist@dailyfx.com (Antonio Sousa, Chief Strategist, and John Kicklighter, Currency Strategist )

US factory orders decline in October for third consecutive month
FXstreet.com (Barcelona) New orders for manufactured goods have declined in October for third consecutive month, while demand for non-defense capital goods excluding transportation, a key barometer for capital spending have slumped, according to data by the US Commerce Department.

Factory orders have declined 5.1% in October, following declines by 3.1% and 4.3% in September and August respectively. September s reading has been revised by the 2.5% decline previously estimated. October s decline has been the largest since the -8.5% in July 2000.

Demand for non defense capital goods excluding aircraft, a gauge for capital spending by businesses, has declined 5.0% after a 3.4% fall in September, showing that companies have cut expenses considerably as a consequence of the credit squeeze and the economic uncertainty.

FXstreet.com

Canada unemployment continues inching up in November
FXstreet.com (Barcelona) Canadian economy has destroyed employment in November fot the firsst time in foutr months, while the unemployment rate has edged up fro second consecutive month, according to data released by Statistics Canada.

The unemployment volume has increased by 71,000 persons in November, following a slight decrease in October, the unemployment rate has inched up to 6.3% from 6.2% in the previous month.

Employment has grown by 133,000 persons in the year so far, a considerably lower increase than the 361,000 increase posted in the same period last year.

By sectors, the manufacturing one has been hit the hardest in November with unemployment rising by 38,000 in November.

FXstreet.com

Technical Analysis Daily: USD/JPY
Dollar/Yen traded at lower prices yesterday after the range 93.58 – 92.52 was broken. The currency pair reached a bottom at 91.92 and closed the day at 92.13. Earlier this morning there was some rising pressure and the Dollar/Yen is now trades at levels around 92.52. Key support level is…