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%.

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

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

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.

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.

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.

The US Dollar was able to keep most of the gains its made overnight though worries over the Coronavirus pandemic have kept market players on edge.

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

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

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