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Atlanta GDPNow for 4Q comes in at 3.2% vs. 3.3% last

GDP estimate for the 4Q  comes in at 3.2% vs. 3.3% last.

The growth rate of real gross domestic product (GDP) is a key indicator of economic activity. This Atlanta GDPNow forecast for fourth-quarter GDP growth in the US came in at 3.2% versus 3.3% last.

"The GDPNow model forecast for real GDP growth (seasonally adjusted annual rate) in the fourth quarter of 2017 is 3.2 percent on November 15, down from 3.3 percent on November 9. After this morning's retail sales report from the U.S. Census Bureau, the forecast of real consumer spending growth remained 3.2 percent and the forecast of real residential investment growth declined from 5.0 percent to 4.2 percent. The next GDPNow update is Friday, November 17."

USD/JPY recovers from 4-week lows and rises back above 113.00

The USD/JPY pair bottomed at 112.47 after the release of US economic data that included retail sales and CPI. Both readings came near expectations but
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Gold eases below $1280 as DXY turns positive on the day

After touching its highest level since October 20 at $1289, the XAU/USD pair reversed course in the NA session and turned negative on the day as the U
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