Scope Markets Blog | Latest Forex News And Updates For 2020

Markets await ECB meeting, as Red Sea and Tesla concerns dent sentiment

European markets are moderately lower in early trade today, with traders remaining cautious ahead of this afternoons ECB meeting. Coming in a week that has seen plenty of conjecture over the direction of the eurozone, the outlook over the German economy took another hit as their chief leading indicator (Ifo) fell to the lowest level […]

by Joshua Mahony
11 months ago

European markets higher as manufacturing PMIs show signs of improvement

European indices are on the front foot in early trade, led by the German DAX in the wake of a welcome rebound for their manufacturing sector PMI. With the S&P 500 pushing into fresh record territory, and a Chinese bounce back that saw the Hang Seng gain over 3.5%, it comes as little surprise to […]

by Joshua Mahony
11 months ago

Will the ECB continue to rebuff dovish expectations despite inflation pathway?

The ECB is due to announce their latest monetary policy decision this Thursday. Although no change is expected, markets are cautious ahead of the rate decision and are looking to gauge the potential timing of anticipated rate cuts. ECB members have recently sought to quell calls for a dramatic shift in monetary policy given […]

by Joshua Mahony
11 months ago

UK borrowing decline helps lift hopes of March tax cuts

The FTSE 100 has found itself on the back foot in early trade despite a welcome decline in UK public sector net borrowing for December. With government borrowing down from £12.8 billion to £6.8 billion, we are seeing a stronger fiscal position driven by improved tax receipts (up 5.3%) and reduced debt-interest costs (down 28%). […]

by Joshua Mahony
11 months ago

Week ahead: Central banks and PMI surveys in focus

In this video, Josh Mahony, Chief Market Analyst at Scope Markets, begins his analysis of the week ahead by diving into the Bank of Japan rate decision and inflation data. He also explores the upcoming week’s key events, the ECB rate decision and PMI data. Lastly, Josh takes a look at US stats, including both […]

by Joshua Mahony
11 months ago

US earnings season preview: Visa, Tesla, and Netflix

US earnings season shifts the focus towards the consumer, with a number of key companies bringing greater insight into spending habits over the key three-month period. Chief Market Analyst Joshua Mahony looks into three potential setups for traders, with Visa, Tesla, and Netflix grabbing his attention ahead of their impending earnings releases. With a wider […]

by Joshua Mahony
11 months ago