US economy could expand at a robust pace in coming quarters - Reuters Poll

The US economy is seen expanding at a robust pace in coming quarters but could slow down to 2 percent by the end of 2019, according to the latest Reuters poll.

Further, all 70 economists who participated in the Sept. 12-19 survey said the trade war between the world's two biggest economies poses downside risks to the near-term upbeat US economic outlook. 

Key points

  • US-China trade war is bad for US economic growth, say all 70 economists polled
  • Downside risks to US growth forecast due to trade conflict, say all 70 economists
  • Faster federal reserve rate hikes will bring next US recession closer, say 42 of 68 economists
  • US GDP growth seen 3.1 percent in Q3, 2.8 percent in Q4 (3.0, 2.7 percent in August poll)
  • Federal Reserve to raise rates twice more this year, twice again in 2019 (same as August poll)
  • Median 15 percent chance of US recession in next 12 months, 35 percent in two years (15, 31 percent in August poll)

Russian oil firms seeking alternative to US Dollar - Reuters

According to reporting by Reuters, Russian oil producers are seeking alternatives to the US Dollar in order to skirt fallout from tough US sanctions a
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AUD/JPY Technical Analysis: pair could have a relook at 50-hour MA support

Hourly Chart Spot Rate: 81.38 Daily High: 81.61 Daily Low: 81.36 Trend: Intraday bearish Resistance R1: 81.66 (previous day's high) R2: 81.93
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