Scope Markets Blog | Latest Forex News And Updates For 2020

Markets uncertain as we look ahead to key US inflation release

A changeable start for European markets has seen many of the main indices flittering into and out of positive territory as traders await a week of heavy data to shape sentiment as we head into the year end. Chinese stocks continue to suffer as weekend inflation data dented confidence around any impending rebound for the […]

by Joshua Mahony
11 months ago

US CPI preview: will energy declines help drive further disinflationary optimism?

Markets are bracing themselves for plenty of volatility with Tuesday’s latest US CPI inflation release due out just one day prior to the FOMC interest rate decision. Markets appeared to have taken a somewhat sanguine approach to December following an overwhelmingly positive month of November that saw a significant shift in expectations around the potential […]

by Joshua Mahony
11 months ago

Week ahead: Inflation and central bank rate decisions dominate big week for markets

Table of Content Tuesday UK jobs report Watch out for potential pound volatility on Tuesday with the latest jobs report providing a particular focus on wage growth given the Bank of England’s desire to drive down inflation pressures before pivoting towards a more accommodative monetary policy stance. While headline CPI slumped to 4.6% in October, […]

by Joshua Mahony
11 months ago

Markets push higher ahead of US jobs report

European stocks have followed their US counterparts higher, with yesterday’s AI-driven surge for the Nasdaq helping to improve wider sentiment ahead of today’s US jobs report. Google’s 5% gain came off the back of their impressive Gemini AI product launch, with Nvidia similarly catching a lift as markets push funds into AI-associated stocks. While growth […]

by Joshua Mahony
11 months ago

Equities drift lower, while hawkish BoJ spark JPY resurgence

European markets are on the back foot in early trade today, with traders appearing to finally question whether the recent rally and rate expectations have become overextended. November saw widespread optimism that the ‘higher-for-longer’ rhetoric from central banks would instead shift to ‘lower-and-sooner’, with the FOMC now expected to push a rapid 125-basis points worth […]

by Joshua Mahony
12 months ago

Weak German factory orders data drives DAX into record high, as markets take ‘bad news is good news’ approach

European markets have started the day on a positive footing this morning with a concerning German factory orders figure bringing yet another reminder over the ECB’s need to switch onto a more accommodative footing at the earliest opportunity. The ‘bad news is good news’ environment currently in place for European stocks has seen the DAX […]

by Joshua Mahony
12 months ago