Table of Content US dollar (USD) For the second week in a row, the US dollar fell against other major currencies as a cautious Fed and concerning economic indicators fueled speculation about an early rate reduction in 2024. The dollar index slipped into the lowest level since late-August, with a Wednesday pop being reversed in […]


by Joshua Mahony
12 months ago

The FTSE 100 is underperforming its European peers this morning, with energy-stocks in the firing line ahead of this week’s OPEC meeting. Declines across both crude and natural gas prices do help allay fears of a potential inflationary surge, instead helping drive expectations of further downside for global CPI levels. With European and US gas […]


by Joshua Mahony
12 months ago

Table of Content Wednesday RBNZ interest rate decision The New Zealand central bank comes into focus on Wednesday with markets looking for the committee to leave the OCR unchanged at 5.5%. Given the 99% chance of a rate hold currently priced according to Refinitiv, much of the focus is likely to be on the outlook […]


by Joshua Mahony
12 months ago

European markets have continued their trend of tentative gains, with the FTSE 100 marginally lower thanks to a strengthening pound. Yesterday’s UK PMI survey report saw a surprise move back into expansion territory, with markets reacting by lifting expectations of a rate hike (22%) in the first quarter. The international nature of the FTSE 100 […]


by Joshua Mahony
12 months ago

Another morning of tentative gains in Europe has come in the wake of a welcome batch of PMI surveys that help lift sentiment around eurozone and UK growth. The surprise rebound across UK, eurozone, and German composite PMI surveys helped drive euro and sterling strength in early trade, with traders increasingly aware that a swift […]


by Joshua Mahony
12 months ago

With Black Friday impending, traders will be watching closely for signs of consumption as we enter arguably the most important period for retailers. While Black Friday and Cyber Monday have typically been a US phenomenon, we have seen companies in the UK and other Western nations similarly utilize this opportunity to raise sales ahead of […]


by Joshua Mahony
12 months ago
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Scope Markets offers institutional and retail trading services to businesses and traders worldwide. Our top management team has more than 20 years of experience in the industry, and we are proud of the solid partnerships we built over the years. Whether it's a business or individual, Scope Markets has a wide range of trading solutions that are compliant, flexible, cost-efficient, innovative, and place the client first.

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