Deeper Analysis
Japanese Fourth Quarter GDP Contracted 1.1% annualized
February 13, 2011
The 1.1% drop in GDP last quarter was about half as steep as feared. Real GDP still advanced 3.9% in 2010, the most since 1990. The main sources of growth in 2010 came from net exports (1.8 percentage points), personal consumption (1.1 ppts) and inventories (0.6 ppts). Government spending, residential investment and non-residential investment made […] More
Foreign Exchange Insights and Next Week
The First Six Weeks of 2011 in Forex
February 13, 2011
Major dollar relationships have traded in generally narrow ranges for the most part so far this year. A number of themes have emerged, which in the aggregate have not imparted any cumulating movement to currency markets. Investors are watching The U.S. labor market. While the growth of jobs has remained slow, the unemployment rate and […] More
