OPEC drives oil up

On Thursday the major currency pairs held to tight areas while investors concentrated on (ECB) policy report later in the day. But the Canadian and Australian dollars fell to near 60-day lows.

The Swiss franc and the popular Japanese yen both went up while investors found safety in the safe-haven assets. The reason for that was evidence of stress between the United States and North Korea and their renewed concerns regarding a potential global economic slowdown.

The ECB is thought to lower growth projections and is expected to give its strongest signal yet that stimulus is arising in the form of cheaper long-term bank loans.

On Wednesday, Stocks dropped including the major indexes registering their third continuous drop. The decline came while traders took a break following excellent profits this year. Wall Street also looked for evidence that a trade agreement between China and the U.S. could be achieved in the following months. The S&P 500 dropped more than 0.6% to 2,771.42, driven by declines in health care and energy sectors.

The Dow Jones Industrial Average gave back 133 points to 25,673.42 while Nasdaq Composite fell 0.9% to 7,505.90, noting its first three-day losing streak of 2019.