Analysts at Nomura suggest that their proprietary indicators suggest the inflection point for the cyclical recovery may just be around the corner for Indian economy. Key Quotes “High-frequency indicators suggest solid growth momentum in Q2, but our composite leading indicator has turned decisively down in Q3 after rising for six consecutive quarters, which supports our view that tighter financial conditions, slowing global growth and adverse terms of trade will start to constrain growth in H2 2018.” “For now, strong core momentum, sticky global oil prices and higher minimum support prices suggest conditions are ripe for another 25bp rate hike in August. We expect a long pause on policy rates thereafter as growth and inflation slow.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next EUR/USD Technical Analysis: In consolidative mode near term. Further retracement expected below resistance line FX Street 5 years Analysts at Nomura suggest that their proprietary indicators suggest the inflection point for the cyclical recovery may just be around the corner for Indian economy. Key Quotes "High-frequency indicators suggest solid growth momentum in Q2, but our composite leading indicator has turned decisively down in Q3 after rising for six consecutive quarters, which supports our view that tighter financial conditions, slowing global growth and adverse terms of trade will start to constrain growth in H2 2018." "For now, strong core momentum, sticky global oil prices and higher minimum support prices suggest conditions are ripe for another 25bp rate hike in… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
