Scope Markets Blog | Latest Forex News And Updates For 2020

European markets lower, as UK housing confirms August slump

Sentiment throughout Asia and Europe has taken on a pessimistic tone, feeding through from the US. Overnight trade data saw both Chinese and Australian surpluses decline, with both nations seeing their balance shift in favour of imports. However, we are seeing some signs of improvement, with year-on-year Chinese exports in particular shifting from -14.5% to […]

by Joshua Mahony
8 months ago

US Q2 earnings season round-up

With the second quarter earnings season largely complete, we are faced with an opportune moment to look back at how things shaped up and what that tells us about US corporates and the economy as a whole. The ability to gauge market expectations going forward will be key in determining how things shape up for […]

by Joshua Mahony
8 months ago

German factory orders collapse as markets wait for BoC rate decision

European markets are in the red in early trade today, with concerns around rising inflationary pressures and the potential impending economic squeeze hurting sentiment. This morning has seen German factory orders collapse into a three-year low, falling by 11.7% in July alone. That represents the worst month for German manufacturing demand since the height of […]

by Joshua Mahony
8 months ago

Chinese concerns reemerge, as market sentiment sours ahead of predicted US factory orders slump

Recent gains in China have been unwound overnight, with the latest Caixin services PMI tumbling into an eight-month low overnight. Coming off the back of Monday’s relief rally on fresh real estate support, and a debt extension for homebuilder Country Garden, we have seen the Hang Seng revert back to the pessimism tone that has […]

by Joshua Mahony
8 months ago

Monthly FX Breakdown – 4 Sept

Table of Content USD The dollar has spent much of the past month moving higher, with August representing one of the best months in 2023 thus far. That strength has been largely driven by a risk-off sentiment that saw equity markets come under pressure amid growing concerns around the Chinese growth story. With exports down […]

by Joshua Mahony
8 months ago

Mover and Shakers – the best and worst of August 2023

Table of Content Indices Best – Ibex 35 Worst – Hang Seng The Ibex 35 has outperformed over the course of August, gaining over 2%. The strength evident within the Spanish index highlights the heavy weighting of utility and financial stocks. With risk sentiment souring elsewhere in Europe and the US, utility stocks typically hold […]

by Joshua Mahony
8 months ago