Global stock indexes were facing their worst run of 2019 on Thursday as traders waited to hear from the European Central Bank about its plans to once again send cheap loans through the region.
The United States trade deficit reached its highest since 2008 and has increased 12.4 percent since last year.
Oil prices were modestly higher on Thursday thanks to continued supply cuts by OPEC and ongoing sanctions against Venezuela and Iran by the United States.
The Australian Dollar struck a 2-month trough against its US counterpart during London trade on Wednesday as indications of a slowdown in the Australian economy are supporting analysts’ expectations that the Reserve Bank of Australia will likely lower interest rates.
Like most things in the world that involve money, there is a lot of deception in the Forex world. Some of it malicious, and some of it benign.
The European Union may not be far from a recession if the main threats that it’s facing, like a no-deal Brexit or the trade tensions with the United States, become a reality, said the European Commissioner for Budget and Human Resources Günther Oettinger.
Gold prices traded firmly above five-week lows on Wednesday as traders sought the safe-haven commodity as the global stock rally of recent sessions lost steam.
Traders are still trying to push the Pound Sterling higher against the US Dollar as the sentiment shifts to favorable as regards the Brexit negotiations.
This week traders in all global financial markets will be paying attention to the upcoming meeting in the ECB and their assessment about the TLTROs (targeted longer-term refinancing options), as the first deadline is coming to an end.
Asian markets were broadly lower on Tuesday afternoon, following Wall Street down after a turbulent day on Monday.