Scope Markets Blog | Latest Forex News And Updates For 2020

Chinese PMI helps lift FTSE miners, as market continue to feel inflation boost

The FTSE 100 has enjoyed a welcome boost in early trade today, as its commodity focus finally comes back in favour after being hamstrung by energy stocks for much of the week. Instead, we are seeing great optimism for UK listed mining stocks, with a surprise jump in the Chinese Caixin manufacturing PMI figure helping […]

by Joshua Mahony
1 year ago

Eurozone CPI slump highlights potential Q1 rate cut from the ECB

A concerning decline in Chinese PMI data failed to dent sentiment overnight, with gains throughout Asian indices ultimately transmitting through to a similarly optimistic open in Europe. With both manufacturing and non-manufacturing surveys losing ground in November, the soft growth picture does raise calls for additional support from the Government and PBoC in the coming […]

by Joshua Mahony
1 year ago

Monthly FX lookahead – December 2023

Table of Content US Dollar (USD) The greenback closed out the month of November at the bottom, with traders reversing their bullish dollar bets on the growing optimism that we can finally shift our focus away from monetary tightening and towards the timing of a 2024 rate cut. While the risk-on sentiment seen throughout global […]

by Joshua Mahony
1 year ago

Third quarter earnings season wrap: Q4 fear limits benefits of recent gains

The US third-quarter earnings season is drawing to its completion, with 96% of the S&P 500 having reported thus far. While the coming weeks will see a sprinkling of additional announcements from mid-tier companies, traders are now able to look back at the past two months in a bid to understand where the US economy […]

by Joshua Mahony
1 year ago

Markets surge on weak eurozone inflation data

European markets are surging upwards in early trade this morning, as early inflation data out of Spain and Germany helped bring forward expectations over a return to the 2% target. Ahead of tomorrows eurozone CPI release, the greater than expected slump in both core and headline inflation out of Spain brought increased confidence that we […]

by Joshua Mahony
1 year ago

Eurozone CPI Preview: Energy decline helping to clear the pathway towards target

What and when Thursday sees the latest eurozone inflation data released, bringing the potential for major euro volatility as markets adjust their expectations of around the timing of a 2024 rate cut from the ECB. The past two-years has seen plenty of swings in the inflation rate, with October 2022 seeing the headline CPI rate […]

by Joshua Mahony
1 year ago