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Atlanta Fed's GDPNow drops to 2.7% from 2.9% for first quarter of 2020

The real gross domestic product (GDP) in the United States is expected to expand by 2.7% in the first quarter of 2020, the Federal Reserve Bank of Atlanta said in its latest GDPNow report.

"The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the first quarter of 2020 is 2.7% on February 7, down from 2.9% on February 5," the publication read. "After this morning's release of the employment report by the US Bureau of Labor Statistics and the wholesale trade report from the US Census Bureau, the nowcasts of first-quarter real personal consumption expenditures growth and first-quarter real gross private domestic investment growth decreased from 3.0% and 5.9%, respectively, to 2.9% and 5.0%, respectively."

GBP/USD Price Analysis: Pound trades at fresh 2020 lows, challenging the 1.2900 figure

After the October and December bullish impulses, GBP/USD is trading in a rectangle consolidation above the 100/200-day simple moving averages (SMAs). The NFP c
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US Dollar Index Price Analysis: DXY continues climbing, bulls eye the 99.00 figure

The US dollar index (DXY) is spiking to the upside at fresh 2020 highs while trading above its main simple moving averages (SMAs).
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