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The oil is still in oversold stance with continued economic deceleration in China

Discussion in 'Technical Analysis' started by FXStreet_Team, Jan 19, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    The data came today from China to highlight economic deceleration, as the Chinese Q4 GDP has grown by 1.6% quarterly, while the consensus was referring to 1.7%, after growth by 1.8% in the third quarter with yearly expansion by 6.8% as expected, after 6.9% in the third quarter. Urban investment in China increased by 10%, while the market was waiting for increasing by 10.2% as the same as November. The retail sales rose in China last December by 11.1% yearly vs. 11.3% expected, after 11.2% in

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