October 2023 - SCOPE MARKETS Blog

Earnings preview: Walt Disney, Uber tech, and Occidental Petroleum

Walt Disney Q4 and full year earnings Wednesday 8 November The Walt Disney Company, a global powerhouse in the entertainment sector, is poised to announce its full-year and fourth-quarter results after market close on Wednesday 8 November. One of the most anticipated topics among investors is Disney’s streaming performance, particularly after the Q3 revelation of […]

by Joshua Mahony
10 months ago

Eurozone inflation slumps, easing pressure on the ECB

The Japanese stole the show overnight, with the latest Bank of Japan interest rate decision finally seeing the committee widen the yield curve control band by shifting their 1% barrier into a mere ‘reference point’. After an extended period defending the 150 level in USDJPY, today’s action has seen a rapid appreciation as markets look […]

by Joshua Mahony
10 months ago

Bank of England preview: Will the MPC look beyond short-term inflation levels?

What and when? The bank of England looks set to announce their latest monetary policy decision on Thursday 2 November, with markets keenly anticipating the outlook from a central bank that appears to be struggling with both a weak economy and particularly elevated inflation. The UK economy The UK economy had been expected to underperform […]

by Joshua Mahony
10 months ago

FOMC Preview – Will Powell gear markets up for a December hike?

Where and when? The Federal Reserve commence their penultimate monetary policy meeting this week with the two-day affair ending on Wednesday 1 November. Set against the backdrop of a remarkably resilient economy, there are calls for a sixth 2023 rate hike. Will we see another rate hike this time around? Will the Fed prepare the […]

by Joshua Mahony
10 months ago

30 Oct FX outlook – USD, EUR, GBP, CAD, AUD, NZD

USD Volatility remained prevalent last week, with tension in the Middle East playing out alongside a raft of major economic announcements and big tech earnings. The US dollar emerged as a net winner this week as we continue to see strong data prints from the US economy, supporting the Fed’s hawkish monetary policy approach. Meanwhile, […]

by Joshua Mahony
10 months ago

European markets head higher as crude spike fails to materialise

European markets have taken on a distinctly upbeat tone as we commence a week that promises plenty of volatility across the board. Fears around a potential spike in energy prices upon the commencement of the Israeli ground offensive appear to have brought a ‘buy the rumour, sell the fact’ situation, with crude heading lower in […]

by Joshua Mahony
10 months ago