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The second estimate of first quarter real GDP growth was revised down 0.3 percentage points (pp) to 1.3% quarter-over-quarter (annualized) – bang-on the consensus forecast. Looking under the hood, downward revisions to consumer spending, private inventory investment, and federal spending were partly offset by upward revisions to state & local government spending and fixed investment. […]

The post US: Q1 GDP Revised Slightly Lower, But Details Show Domestic Economy Still Strong  appeared first on Action Forex.

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23/08/2024

USDCAD Wave Analysis

USDCAD reversed from key support level 1.3590  Likely to rise to resistance level 1.3650 USDCAD currency pair recently reversed up from the key support level 1.3590 (former resistance from February and March, which has been reversing the price from the middle of May) coinciding with the lower daily Bollinger Band. The support level 1.3590 was […]
04/09/2024

Will the NFP Take a September Double Fed Cut Off the Table?

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19/08/2024

Gold Surges to Fresh Record High

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