Krishen Rangasamy, analyst at National Bank of Canada, explained that the world economy is on track for the first drop in volume in two years and with the “trade war” aheadits unclear that volumes could see a recovery. Key Quotes: “Latest data from the CPB suggests the world economy is on track to see a drop in trade volumes in Q2, and that for the first time in two years. With the world economy seemingly moving towards a full blown trade war, it’s unclear if global trade volumes can bounce back quickly. And since a deceleration in trade flows has historically been associated with slower world GDP growth, investors are rightly concerned about protectionist policies ─ in the past two weeks the MSCI All-Country World index has lost about 3%.” “The moderation in global trade flows seems to be hurting the Eurozone the most as evidenced by disappointing PMI data for the second quarter after a weak first quarter. That should not be surprising given the zone’s relatively high exposure to trade.” 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 ECB: economic developments to have a pronounced effect on rates – Rabobank FX Street 3 years Krishen Rangasamy, analyst at National Bank of Canada, explained that the world economy is on track for the first drop in volume in two years and with the "trade war" aheadits unclear that volumes could see a recovery. Key Quotes: "Latest data from the CPB suggests the world economy is on track to see a drop in trade volumes in Q2, and that for the first time in two years. With the world economy seemingly moving towards a full blown trade war, it's unclear if global trade volumes can bounce back quickly. And since a deceleration in trade flows has… Top 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.
