Scope Markets Blog | Latest Forex News And Updates For 2020

8 Jan FX outlook – USD, EUR, GBP, CAD, AUD, NZD

Table of Content US dollar (USD) The US dollar has found favour at the beginning of the year, with risk-assets losing traction that’s to growing concerns around the potential pace of monetary tightening this year. Losses in equity markets brought gains for havens such as the dollar, which found itself gaining ground against most currencies […]

by Joshua Mahony
4 months ago

Rough start in Europe, as market uncertainty continues after mixed jobs report

Equity markets have continued to struggle as we kick off another week afresh, with European and Asian stocks heading lower once again. Friday’s US jobs report brought fresh concerns over the likeliness of the Fed to cut rate in March as markets have been widely anticipating, with a hot payrolls figure coming alongside a higher […]

by Joshua Mahony
4 months ago

Week ahead: Inflation dominates, as US banks kick off Q4 earnings season

Table of Content Monday Tokyo CPI Traders of the Japanese yen will be keeping a close eye out for Monday’s inflation survey, with markets looking for both headline and core readings to tick lower. This survey is particularly notable as the Tokyo survey typically acts as a leading indicator of where the wider nationwide figure […]

by Joshua Mahony
4 months ago

Eurozone inflation heads higher, but the path to 2% remains clear

European indices are back under pressure once again this morning, with a rebound in eurozone inflation adding further cause for concern. Coming off the back of yesterdays German and French CPI gains, the 2.9% eurozone inflation gauge may add some hesitation for those expecting a rapid return below target after last month’s 2.4% reading. Nonetheless, […]

by Joshua Mahony
4 months ago

US jobs report preview: Could a weak report help bolster easing expectations?

Table of Content Friday brings the US employment market back into focus, as traders seek to weigh up the likeliness of a soft or hard landing. With a wide disparity between Fed and market expectations over rates in 2024, traders will be sensitive to any potential data or event that could narrow this gap in […]

by Joshua Mahony
4 months ago

European stocks higher after mixed Fed minutes

European markets have kicked off the session on a positive footing, seemingly undeterred by yesterday’s mixed Fed minutes. This week has brought plenty of concern for bulls, with Apple leading the tech sector jitters that brought a sharp decline for the Nasdaq. Nonetheless, a raft of data points out of the eurozone have helped strengthen […]

by Joshua Mahony
4 months ago