USD The US dollar stretched its gains against other currencies for the 9th week in a row as positive economic data reports increased soft landing bets, wooing investors. The US dollar index is already up about +1.67% this month with the price now nearing a 6-month peak around 105.85. An eventful week it was for […]


by Joshua Mahony
1 year ago

Wednesday sees the US Bureau of Labor Statistics release the latest consumer price index inflation gauge, with markets widely expecting to see headline CPI rise once again in August. Such a move would represent the first consecutive rise since mid-2022, with base effects playing a key role in ending the disinflationary path that held for […]


by Joshua Mahony
1 year ago

USD The US dollar outperformed other assets as it stretched its gains for the 8th week. The Dollar Index which tracks the US dollar’s performance against a basket of currencies gained over +0.70% as it hovered around a 6-month peak. Supported by strong economic data and renewed speculation of further rate hikes, the US dollar […]


by Joshua Mahony
1 year ago

USD The dollar has spent much of the past month moving higher, with August representing one of the best months in 2023 thus far. That strength has been largely driven by a risk-off sentiment that saw equity markets come under pressure amid growing concerns around the Chinese growth story. With exports down to -14.5% for […]


by Joshua Mahony
1 year ago

Indices Best – Ibex 35 Worst – Hang Seng The Ibex 35 has outperformed over the course of August, gaining over 2%. The strength evident within the Spanish index highlights the heavy weighting of utility and financial stocks. With risk sentiment souring elsewhere in Europe and the US, utility stocks typically hold up well given […]


by Joshua Mahony
1 year ago

USD The US dollar closed the week on the front foot, after enduring a difficult start as other currencies managed to take advantage of its slip-up. The dollar index which tracks the US dollar’s performance against a basket of currencies closed the week with a minimal gain of +0.07% as it failed to move above […]


by Joshua Mahony
1 year ago
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Scope Markets offers institutional and retail trading services to businesses and traders worldwide. Our top management team has more than 20 years of experience in the industry, and we are proud of the solid partnerships we built over the years. Whether it's a business or individual, Scope Markets has a wide range of trading solutions that are compliant, flexible, cost-efficient, innovative, and place the client first.

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