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India is a bright spot, risk-off sentiment dominates

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 9, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Forex News and Events India leads emerging economies India continues to be a bright spot in the global economy. India's 4Q 2015 headline GDP expanded 7.3% y/y above expectations. Manufacturing surprisingly spiked in 4Q yet overall solid results were driven by improvements in the service sector. The stronger result caused the government to forecast an increase of 7.6% in FY 2015- 2016. Despite the strength there are questions regarding calculation of gray areas which could drive under

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