“The CPB (Netherlands Bureau for Economic Policy Analysis) reported that world trade declined by 1.7% (month on month) in February. This decline is broad-based,” note ING analysts. Key quotes “Together with a cooling world economy, the tariff hikes of 2018 are still pushing down on trade. With the exception of the bounce back in January, trade declined sharply in the months before. This resulted in trade volumes being 1.1% less than a year ago.” “The decrease is broad-based as imports volumes decreased strongly (MoM) in Latin America (-5.3%), Emerging Asia (-3.3%) and Western Europe (-2.2%). US import demand also fell but not as significantly (-0.6%).” “As illustrated by weakening Purchasing Managers’ Indices (PMI’s) during the first months of the year, the global economy has been cooling down. This puts a drag on world trade. Although some optimism is sparked by China’s strong 1Q GDP growth and its PMI having recovered to above 50, this is mostly related to a stimulus package targeting infrastructure spending. Chinese export orders are still stuck at 47, indicating worsening conditions with regards to trade. Therefore, we expect no quick strengthening in trade volumes during the coming months.” 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/GBP Technical Analysis: Bears challenging 0.8630 weekly low support FX Street 4 years "The CPB (Netherlands Bureau for Economic Policy Analysis) reported that world trade declined by 1.7% (month on month) in February. This decline is broad-based," note ING analysts. Key quotes "Together with a cooling world economy, the tariff hikes of 2018 are still pushing down on trade. With the exception of the bounce back in January, trade declined sharply in the months before. This resulted in trade volumes being 1.1% less than a year ago." "The decrease is broad-based as imports volumes decreased strongly (MoM) in Latin America (-5.3%), Emerging Asia (-3.3%) and Western Europe (-2.2%). US import demand also fell… 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.