Scope Markets Blog | Latest Forex News And Updates For 2020

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

Table of Content 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 […]

by Joshua Mahony
6 months ago

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

Table of Content 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 […]

by Joshua Mahony
6 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
6 months ago

Week ahead: Apple earnings dominate, as FOMC, BoJ and BoE bring central bank theme

Table of Content Monday 30 October German & Spanish CPI The week starts with a focus on the eurozone with inflation data from the likes of Spain and Germany dominating. With Tuesday set to bring the wider eurozone inflation gauge, markets will likely look at these initial figures as an indication over where the regional […]

by Joshua Mahony
6 months ago

US markets hit correction territory, with Amazon outperforming as tech stocks tumble

European markets have taken on a somewhat constructive tone in early trade today, with commodity focused equities helping to lift the FTSE 100 in spite of a circa 10% decline for NatWest. Better than expected growth data out of Spain has helped prop up EURGBP despite the ECB’s move to end their tightening phase after […]

by Joshua Mahony
6 months ago

Monthly FX Breakdown – November 2023

Table of Content USD A choppy month for the US dollar has seen the dollar index oscillate between the 105.5 and 107 levels. By and large, gains have been relatively short and sharp in nature, with much of the month dominated by gradual declines. This highlights the fearful nature of markets of late, with periods […]

by Joshua Mahony
6 months ago