Scope Markets Blog | Latest Forex News And Updates For 2020

Earnings Preview: Apple, Starbucks & Booking Holdings

Apple Q3 earnings Thursday 2 November Apple shares have been on the back foot since reaching a fresh high in July, losing over 13% in just over three-months. That may not sound like too much, but for a multi-trillion dollar company, we are talking about serious value destruction in play. While those declines are a […]

by Joshua Mahony
6 months ago

China stimulus hopes lift FTSE miners, while US markets wait Meta earnings

European markets are struggling to follow the lead of Asian indices, which ended the session in the green on hopes that we will see the Chinese push forward with a major fiscal spending plan. With the Chinese announcing that they will issue one trillion-yuan ($137 billion) worth of special treasury bonds in the fourth quarter, […]

by Joshua Mahony
6 months ago

ECB Preview: Falling inflation and growth data likely to bring end to tightening phase

Table of Content Introduction The European Central Bank (ECB) comes back into play as a key driver of volatility, with the bank announcing their latest monetary policy decision on Thursday 26th October (13:15 UK time). As traders alike await this pivotal announcement, the outlook for the ECB appears to have finally shifted after 10-consecutive of […]

by Joshua Mahony
6 months ago

PMI surveys dominate as we await big tech earnings

European markets are taking a negative tone once again today, with the optimism seen yesterday proving short-lived. The FTSE 100 has been the big underperformer in Europe, with a rising pound helping to drive valuations for overseas firms lower. From a UK perspective, the latest jobs report saw a sharp jump in claimants, although a […]

by Joshua Mahony
6 months ago

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

Table of Content USD The tension in the Middle East saw investors flock towards precious metals and alternate havens such as the CHF last week. With US yields on the rise, there is a clear hesitancy to approach US treasuries as the haven it has always been, with debt levels surging higher as the cost […]

by Joshua Mahony
6 months ago

Markets ease lower, as attention turns to big tech earnings

Equity markets throughout Europe followed their Asian counterparts lower as geopolitical fears and elevated treasury yields continue to put downward pressure on stock valuations. Anticipation of a potential weekend ground offensive by Israel had help drive energy markets higher. However, we are seeing that move unwind somewhat in early trade today, with Israel taking their […]

by Joshua Mahony
6 months ago