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6 Feb 2019

Atlanta Fed: US GDPNow estimate for Q4-2018 rises to 2.7%

"The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the fourth quarter of 2018 is 2.7 percent on February 6, up from 2.5 percent on February 1," the Federal Reserve Bank of Atlanta reported on Wednesday.

"The nowcast of the contribution of net exports to fourth-quarter real GDP growth increased from -0.52 percentage points to -0.23 percentage points after this morning’s international trade report from the U.S. Census Bureau and the U.S. Bureau of Economic Analysis."

Feb 6, 2019

WTI rebounds above $54, turns positive on the day

Crude oil stayed under pressure during the first half of the day on Wednesday and the barrel of West Texas Intermediate fell below the $53 mark for th
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Feb 6, 2019

Gold continues to fluctuate in narrow band above $1310

The XAU/USD pair was able to post moderate gains on Tuesday but failed to push higher today as the broad-based USD strength didn't allow the pair to p
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