Scope Markets Blog | Latest Forex News And Updates For 2020

6 Nov FX outlook – USD, EUR, GBP, CAD, AUD, NZD

Table of Content USD The US dollar had a busy week but ended up being the biggest net loser off the back of a FOMC rate decision and Friday’s job report. Particular weakness has been seen against the likes of the NZD and AUD, with risk sentiment benefitting these key commodity currencies. Meanwhile, the likes […]

by Joshua Mahony
1 year ago

Indecisive start in Europe after bumper week

European markets have kicked off the week on a hesitant tone, with traders left wondering whether last week’s dramatic surge represents an opportunity to sell or a sign that the bulls are back at the helm. The DAX managed to post a 3.4% gain over the course of last week, representing its best weekly performance […]

by Joshua Mahony
1 year ago

Week ahead: UK GDP, RBA rate decision, and Disney earnings dominate

Table of Content Monday UK construction PMI The latest UK construction PMI reading is released on Monday with markets paying close attention given the collapse seen in September. Last month’s survey saw a particular slump in house building, and further weakness could be a sign of further weakness for stocks in that sector. Meanwhile September […]

by Joshua Mahony
1 year ago

Focus shifts to the BoE, as markets gain post-FOMC

European markets are pushing sharply higher in early trade today buoyed by the prospect of amid 2024 normalisation of interest rates from the Federal Reserve. Yesterday’s FOMC decision to keep rates steady came as expected, although the bank is clearly growing in confidence over the direction of the economy and inflation. With the Fedwatch expectations […]

by Joshua Mahony
1 year ago

US jobs report preview: Will a weak NFP figure lessen December rate hike bets?

Table of Content The US Bureau of labour statistics will release the latest jobs report on Friday 3 November, with traders gearing up for another potentially volatile end to the week. The report covers data for October, covering key elements such as the nonfarm payrolls, unemployment rate, and average hourly earnings. The wider backdrop The […]

by Joshua Mahony
1 year ago

HPI jump UK eases housing fears, while markets await Fed guidance on potential December hike

European equity markets have maintained their upbeat but cautious approach this morning, with the likes of the FTSE 100, DAX, and CAC all trading in the green once again. Coming off the back of yesterday’s sharp decline in the eurozone CPI reading, there is a hope that the UK and eurozone are going to stabilise […]

by Joshua Mahony
1 year ago