National Bank of Canada analyst, Krishen Rangasamy, point out that global trade dropped again in December, causing inventories to spike at the end of last year, something that does not bode well for growth in early 2019. Key Quotes: “Global trade reportedly fell again last December taking the two-month cumulative decline to roughly 3.5%, the worst since early 2009 when the world economy was mired in recession. And with industrial production not falling as fast as trade, inventories spiked at the end of 2018.” “The ratio of world industrial production to trade volumes, a proxy for global inventories, jumped in December to its highest since 2016. Such inventory build does not bode well for production and hence growth in early 2019.” 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 buoyed by optimism, capped by 21-D SMA, eyes on 200-D SMA FX Street 4 years National Bank of Canada analyst, Krishen Rangasamy, point out that global trade dropped again in December, causing inventories to spike at the end of last year, something that does not bode well for growth in early 2019. Key Quotes: "Global trade reportedly fell again last December taking the two-month cumulative decline to roughly 3.5%, the worst since early 2009 when the world economy was mired in recession. And with industrial production not falling as fast as trade, inventories spiked at the end of 2018." "The ratio of world industrial production to trade volumes, a proxy for global inventories, jumped… 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.
