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| Highlights Fourth quarter advance estimate of gross domestic product was up a more than expected at an annualized rate of 5.7 percent. This was the quickest growth rate in more than six years. Analysts had expected an increase of 4.5 percent. The fourth quarter gain primarily reflected an acceleration in private inventory investment, a deceleration in imports and an upturn in nonresidential fixed investment that were partly offset by decelerations in federal government spending and in PCE. Real final sales of domestic product – GDP less change in private inventories – increased 2.2 percent in the fourth quarter, compared with an increase of 1.5 percent in the third.The change in real private inventories added 3.4 percentage points to the fourth-quarter change in real GDP after adding 0.7 percentage point to the third-quarter change. Private businesses decreased inventories $33.5 billion in the fourth quarter, following decreases of $139.2 billion in the third quarter and $160.2 billion in the second. Fourth quarter real personal consumption expenditures increased 2.0 percent compared with an increase of 2.8 percent in the third. Durable goods declined 0.9 percent, in contrast to an increase of 20.4 percent. Nondurable goods increased 4.3 percent, compared with an increase of 1.5 percent. Services increased 1.7 percent, compared with an increase of 0.8 percent. Real nonresidential fixed investment increased 2.9 percent in the fourth quarter, in contrast to a decrease of 5.9 percent in the third. Nonresidential structures decreased 15.4 percent, compared with a decrease of 18.4 percent. Equipment and software increased 13.3 percent, compared with an increase of 1.5 percent. Real residential fixed investment increased 5.7 percent, compared with an increase of 18.9 percent. Real federal government consumption expenditures and gross investment edged up 0.1 percent after jumping 8 percent in the third. Slower inventory depletion is not the most promising way to guarantee growth and may indicate a slower rate of growth ahead until companies become more confident about the recovery. The biggest challenge to sustainable growth still remains with employment. |
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“When you know what not to do in order not to lose money, you begin to learn what to do in order to win. Did you get that ? You begin to learn.” Qoute Jesse Livermore
Learn, Trade, Analysis, Adjust, Faith, and keep at it.
This a 1 day 5 minute chart of the EUR/USD pair it had been holding support around 1.408 and during low volume hours it broke below and recovered right away. When trading the Forex longer-term remeber to take this type of moves in to account, they happen all the time.
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EUR/USD 2 1/2 hours later – If your stop was to tight you where taken out of a winning trade, during a low volume move.
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Trend trade on FCX should be closed out today on a break of trend line on high volume.
Entry pointof $45 to $47 range / Close out $77 to $79 range
Gain of $32 dollars in 8 months
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