Scope Markets Blog | Latest Forex News And Updates For 2020

Markets cautious as FOMC members seek to quell easing expectations

Another indecisive start in Europe has the DAX and FTSE 100 in the green, as the Ibex and CAC head lower. Markets continue to weigh up the possibility that last week’s FOMC-led surge may have been built on false hopes of a bumper year of easing ahead, with San Francisco Fed President Mary Daly noting […]

by Joshua Mahony
1 year ago

UK inflation preview: CPI expected to fall, but the road back to target may take 6-months

The Pound comes back into focus this week, following on from a week that saw the Bank of England head up a raft of top tier announcements that also included jobs and PMI data. While the Federal Reserve may have taken on a notably dovish approach, the Bank of England remains cautious thanks to an […]

by Joshua Mahony
1 year ago

18 Dec FX outlook – USD, EUR, GBP, CAD, AUD, NZD

Table of Content US dollar (USD) The value of the US dollar fell further after the Federal Reserve said that it would lower borrowing costs by 2024. The dollar index, which measures the performance of the US dollar, fell to a four-month low on Thursday, before staging a late recovery to settle at 102.59. The […]

by Joshua Mahony
1 year ago

Unsteady start in Europe after mixed messages from the FOMC

A changeable outlook from the Federal Reserve has markets in a spin this morning, with the post-FOMC boost starts to fade. A surprisingly dovish outlook from Fed Chair Powell seemingly set off the starting pistol for a year-end ‘Santa rally’, pushing the Dow, DAX, and CAC into record highs. However, Friday’s comments from Fed member […]

by Joshua Mahony
1 year ago

Week ahead: inflation dominates, while markets await BoJ rate decision

Table of Content Tuesday Bank of Japan monetary policy decision The Bank of Japan may have spent much of the past two-years sitting on their hands, but this month finally saw them belatedly discuss the potential for a hawkish shift just as markets start to plan for a dovish policy pivot from Western central banks. […]

by Joshua Mahony
1 year ago

European PMI’s diverge, as stronger UK data highlights ongoing inflation concerns

The FTSE 100 has kicked off the day on the back-foot, with mainland European indices outperforming in the wake of the latest PMI releases. Declines across French, German, and eurozone composite PMI surveys highlight the continued lack of economic growth in the region, pushing the focus back to the ECB. However, Christine Lagarde appears unconcerned […]

by Joshua Mahony
1 year ago