August 2021 - Page 2 Of 4 - SCOPE MARKETS Blog

The Jackson Hole Seminar to set the tone for the Market

Powell will participate in Jackson Hole, known for its fly-fishing hobby, and we should know whether the Fed is prepared to restore some liquidity or at least stop increasing liquidity. As risk appetite may be difficult to rebound, the US dollar should continue to bid in Jackson Hole risk events, and pro-cyclical currencies may face […]

by Lulama Msungwa
3 years ago

Crypto Rush-Bitcoin and altcoins are in a bearish move.

Do we have a new Crypto Rush? The cryptocurrency market has revived its bullish sentiments after about 4months of price decline as analyst predicted doom in the crypto world. Well, today there is much of a relief for some investors that still held on. We will be taking a tour on some Cryptocurrencies and their […]

by Adegbotolu Kehinde Erastus
3 years ago

What is hedging in Forex in 2021?

What is hedging in Forex? A forex hedge is a kind of trade performed to safeguard a current or expected position from an undesired movement in exchange rates.Hedging in forex is generally employed by a wide variety of market partners, involving shareholders, traders, and organizations. By employing a forex hedge very well, a person who […]

by Scope Markets
3 years ago

The Australian employment report for July 2021 : jobs report to reflect the delta variant impact

Keynotes; The jobs data is set to reveal the impact of lockdown in Australia The wage report was lower than anticipated in Q2 of the year The AUDUSD trades at the lows of 2021 as US Dollar strengthens against major peers Australia is set to release the jobs report figures on the 19th of August […]

by Lulama Msungwa
3 years ago

The Gold price has been looking for recovery momentum after recent sell-off

Gold continued to rise, hovering around 1.5% on Friday, close to $1780 per ounce. After the release of the strong US employment report, the sell-off earlier this month has pushed gold to below $1,700 per ounce. CFTC data shows that during the reporting week on August 10, COMEX gold‘s speculative net long position decreased by […]

by Lulama Msungwa
3 years ago

The week ahead preview&Surge in Covid-19 continues?

● Markets are busy in the week ahead● The economic calendar features a variety of key events such as the central bank, CPI, and retail sales data● The Kiwi will be eyeing the RBNZ monetary statement● Technical outlook Week ahead Monday; Another surge in COVID-19? The markets are set to be quite off to start […]

by Lulama Msungwa
3 years ago