Archive for January 27th, 2012

Foreign Exchange Insights and Next Week

Next Week

January 27, 2012

The week that binds January and February, like others that bridge adjacent months, has a crowded data release calendar plus such key events as the Florida primary, an EU leaders summit in Brussels, and testimony from Fed Chairman Bernanke before the House Budget Committee.  It is hoped that a Greek personal sector involvement deal will […] More

Foreign Exchange Insights and Next Week

Significant and Two-Sided Currency Market Risk

January 27, 2012

Since the start of the financial crisis in 2007, analysts have hedged forecasts of growth and inflation with the caveat that extraordinarily high uncertainty creates the potential for outcomes both well above or well below baseline predicted paths.  An analogous truth should hold for key currency pairs over the next month or two.  Investors late […] More

Deeper Analysis

A Distressful U.S. GDP Report

January 27, 2012

Real GDP advanced 2.8% last quarter annualized (saar) but only 0.8% factoring out the boost from inventory accumulation.  GDP was 1.6% higher than in 4Q10 and posted five-year expansion of merely 0.5% per annum between 2006 and 2011.  Nominal GDP rose just 3.2% saar last quarter, down from 4.4% in the third quarter.  The GDP […] More

New Overnight Developments Abroad - Daily Update

Still Watching Greece and Waiting for U.S. GDP Data

January 27, 2012

The dollar has softened overnight by 0.6% versus the yen, 0.5% against the Australian dollar, 0.4% versus the kiwi, 0.3% relative to the euro, and 0.2% against the loonie, Swissie, and sterling.  The Chinese market remained closed one more day for the Lunar New Year holiday but will reopen on Monday. Stocks in the Pacific […] More

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