Blogs

Crude oil plummeted to its lowest level since 2002 on Wednesday before bouncing off the $20 mark alongside a modest gain in stocks. Still, the commodity is vulnerable.

S&P 500 plunged more than 30% as the Coronavirus panic sell-off drives the index into support at three-year lows. Here are the levels that matter on the SPX500 charts.

GBP price action jumped immediately after the Bank of England, or BoE, announced an emergency 15-basis point interest rate cut and increase to its bond purchase program.

AUD/USD Whipsaws, RBA Announce Stimulus Package, Eyes on Currency Intervention and US Data to Show Coronavirus Impact

Economists polled by Reuters believe that the global recession has already started, reports published on Friday revealed.

The Swiss National Bank decided to leave the cash rate unchanged at -0.75 percent, leaving the 3-Month Libor Target Range unchanged between -1.25% to -0.25%.

The U.S. dollar hit fresh highs against the Australian and New Zealand dollars on Thursday as traders sought cash due to continued coronavirus panic.

Panic selling by FX trades sent high-risk currencies tumbling to multi-year lows during London trade on Thursday.

On Wednesday the price of Brent crude fell to $26.01 per barrel its lowest level since September 2003.

Here is a recap of important news items and market movements from across the globe on Thursday, March 19, 2020: