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29.04.202114:52 Forex Analysis & Reviews: US GDP report for Q1 2021

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S&P500 dynamic ahead of the market opening

The US published its GDP report for the first quarter. The data is strong, but ambiguous. GDP advanced by 6.2% on a yearly basis, proving the highest forecasts. However, the GDP deflator surged by 4.1%. This is a real alarm signal for the US Fed.

At the same time, the US labor market report disclosed that the number of the first-time claims increased by 553 thousand like in the previous week. At the same time, the number of continuing claims dropped by 14 thousand to 3.660 million.

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