"The initial GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the first quarter of 2019 is 0.3 percent on March 1," the Federal Reserve Bank of Atlanta reported on Friday.
"The initial estimate of fourth-quarter real GDP growth released by the U.S. Bureau of Economic Analysis on February 28 was 2.6 percent, 0.8 percentage points above the final GDPNow model nowcast released the previous day."
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EUR/USD looks sidelined around 1.0840
An indecisive start to the new trading week sees EUR/USD moving within a range-bound pattern around the 1.0840 region, following similarly fluctuating price action in the US Dollar amid rising uncertainty over US tariffs.
GBP/USD recedes from tops and challenges 1.2900
Following earlier fresh tops near 1.2950, GBP/USD now sparks a correction to the 1.2900 neighbourhood amid the widepread flattish mood in the FX galaxy on Monday.
Gold faces some mild selling pressure, retests $2,900
Gold trades lower near $2,900 on Monday as investors stay cautious amid a lack of major data releases, awaiting updates on the Trump administration’s tariff policy.
Five Fundamentals for the Week: Trade war, inflation and consumer confidence to shake markets Premium
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