Scope Markets Blog | Latest Forex News And Updates For 2020

US jobs report preview: Will it help or hinder rate cut hopes?

Table of Content Markets head into Friday’s US jobs report with optimism over how 2024 might play out, with the recent disinflation seen across the globe helping to bring anticipation for a potentially dramatic monetary policy reversal. Whether the Federal Reserve will be desperate to drive down rates to the degree that markets expect remains […]

by Joshua Mahony
12 months ago

ECB expected to slash rates in 2024, despite today’s improved PMI data

European markets are taking a more constructive view following an Asian session that saw sharp declines across China related stocks. A decision from Moody’s to cut the Chinese credit outlook raised concerns over the sustainability of the country’s fiscal pathway. While they opted to leave the long-term credit rating for Chinese sovereign bonds at A1, […]

by Joshua Mahony
12 months ago

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

Table of Content USD The US dollar’s situation did not improve this week, as further pressure was applied to the currency due to increased anticipation that the Federal Reserve could begin cutting interest rates as early as March 2024. Other assets took advantage of the dollar’s weakness, particularly the New Zealand dollar, which had benefited […]

by Joshua Mahony
12 months ago

Commodities dominate, with energy weakening as gold hits a fresh high

This morning has seen somewhat of a calm open to trade in Europe, after a headline grabbing Sunday evening which saw huge volatility in the commodity space. Gold grabbed the headlines after a sharp surge into record highs of $2,146, with markets similarly emboldened to funnel capital into other non-fiat assets such as silver, bitcoin […]

by Joshua Mahony
12 months ago

Week ahead: RBA and BoC rate decisions bring monetary clarity ahead of Fridays’ US jobs report

Table of Content Monday ECB President Lagarde appearance Today sees ECB president Lagarde speak in Paris, with markets likely to be on the lookout for any particularly dovish tones in the wake of the recent 2.4% eurozone inflation figure. Markets are currently pricing a first rate cut in April, but that could change given the […]

by Joshua Mahony
12 months ago

Movers and shakers – The best and the worst performing assets of November 2023

Table of Content Forex New Zealand Dollar: +5.74% The New Zealand dollar enjoyed the top spot for November with the NZD gaining 5.74% against a basket of currencies. This strength was partially driven by a risk on move with saw traders pushing heavily into oversold assets that may have lost traction on the premise of […]

by Joshua Mahony
12 months ago