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1 Nov 2018

Atlanta Fed: GDPNow estimate for real GDP growth in Q4 rises to 3% from 2.6%

"The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the fourth quarter of 2018 is 3.0 percent on November 1, up from 2.6 percent on October 29," the Federal Reserve Bank of Atlanta announced on Thursday.

"The nowcasts of fourth-quarter real consumer spending growth and fourth-quarter real private fixed investment growth increased from 2.8 percent and 3.9 percent, respectively, to 2.9 percent and 5.2 percent, respectively, after this morning's construction spending report from the U.S. Census Bureau and this morning’s Manufacturing ISM Report On Business from the Institute for Supply Management."

Nov 1, 2018

GBP/USD upsurge continues toward the critical 1.30 handle

After dropping to a 10-week low at 1.27 on Wednesday, the GBP/USD pair staged an impressive recovery on Thursday and gained more than 200-pips as posi

AUD/USD rises above 0.72 for the first time in a month

The AUD/USD pair gained traction in the early trading hours of the Asian session on Thursday after the data published by the Australian Bureau of Stat