Scope Markets Blog | Latest Forex News And Updates For 2020

Santa Rally: Has the Fed geared markets up for another bumper year-end?

Its that time of year again, with traders wrapping up the year and judging whether they can squeeze more from the 2023 lemon. Coming off the back of a particularly strong November, there will be obvious concerns that we could see a reversal of the recent dovish shift with regards to the central bank rate […]

by Joshua Mahony
11 months ago

Markets hope ECB and BoE will follow the Fed’s dovish lead

European markets have blasted higher in early trade as traders continue to react off the back of yesterday’s surprisingly dovish take from the FOMC. Coming into the meeting with a substantial gap between the September dot plot and market expectations, there was always a question of whether the Fed planned to adjust towards the market […]

by Joshua Mahony
11 months ago

UK GDP heads lower, as markets await FOMC announcement

European markets look to be continuing their hot streak if early price action as anything to go by, with the likes of the DAX and CAC showing the potential for another record highs after yesterday’s consolidation. The UK economic outlook remains in the limelight today, with Tuesday’s jobs report being followed up by today’s dour […]

by Joshua Mahony
11 months ago

ECB and BoE rate decision Preview: Will widening rate differential drive EURGBP weakness?

The Bank of England and European Central Bank are set to announce their latest monetary policy decision on Thursday 14 December, with markets looking for fresh clues over the trajectory of interest rates in the year ahead. November saw plenty of optimism from global markets as a slump in eurozone inflation and US payrolls sparked […]

by Joshua Mahony
11 months ago

CAC hits fresh high, as FTSE 100 gains on lower wage growth figure

European markets are enjoying a largely positive start to the day today, with the FTSE 100 gaining ground off the back of an eventful jobs report. Of particular note was the greater-than-expected slump in UK average earnings, with the total pay figure dropping from 8% to 7.2%. While this 0.8% decline helped raise hope that […]

by Joshua Mahony
11 months ago

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

Table of Content US Dollar (USD) The US dollar ended its 3-week down streak and became the second top-performing currency after the Japanese Yen. This was a result of heightened speculation about whether the Fed could indeed push 125-basis points worth of rate cuts next year. The dollar index (DXY), climbed 0.77% over the course […]

by Joshua Mahony
11 months ago