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S&P500 Challenges Uptrend After Poor US Q4 GDP Data

posted by Avatar FXTimes 117 days ago in Technical, Daily, GDP

US Q4 GDP is estimated to be 2.8% in the advanced reading. The forecast was 3.0% and the previous quarters GDP was revised down from 2.5% to 1.8%. This takes the US recovery assessment a couple notches down. The market is reacting with risk aversion. We can see this in the S&P 500 futures. It was already falling from 1329.25, but was consolidating
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