Scope Markets Blog | Latest Forex News And Updates For 2020

ECB Preview: Falling inflation and growth data likely to bring end to tightening phase

Table of Content Introduction The European Central Bank (ECB) comes back into play as a key driver of volatility, with the bank announcing their latest monetary policy decision on Thursday 26th October (13:15 UK time). As traders alike await this pivotal announcement, the outlook for the ECB appears to have finally shifted after 10-consecutive of […]

by Joshua Mahony
1 year ago

PMI surveys dominate as we await big tech earnings

European markets are taking a negative tone once again today, with the optimism seen yesterday proving short-lived. The FTSE 100 has been the big underperformer in Europe, with a rising pound helping to drive valuations for overseas firms lower. From a UK perspective, the latest jobs report saw a sharp jump in claimants, although a […]

by Joshua Mahony
1 year ago

23 Oct FX outlook – USD, EUR, GBP, CAD, AUD, NZD

Table of Content USD The tension in the Middle East saw investors flock towards precious metals and alternate havens such as the CHF last week. With US yields on the rise, there is a clear hesitancy to approach US treasuries as the haven it has always been, with debt levels surging higher as the cost […]

by Joshua Mahony
1 year ago

Markets ease lower, as attention turns to big tech earnings

Equity markets throughout Europe followed their Asian counterparts lower as geopolitical fears and elevated treasury yields continue to put downward pressure on stock valuations. Anticipation of a potential weekend ground offensive by Israel had help drive energy markets higher. However, we are seeing that move unwind somewhat in early trade today, with Israel taking their […]

by Joshua Mahony
1 year ago

Week ahead: 23-27 October

Table of Content Monday: Eurozone consumer confidence A quiet start to the week sees eurozone consumer confidence data released. The gains seen over the first half of the year have taken a turn for the worst, with traders watching to see if we see a third consecutive decline. Should that come to fruition, traders could […]

by Joshua Mahony
1 year ago

UK retail sales slump could help ease inflation outlook

Markets are on the back foot once again today, as rising yields and geopolitical concerns continue to dent market confidence. Last week saw selling pressure take hold on Friday as traders removed exposure in anticipation of potential escalation in the Middle East, and we are likely to see the same today ahead of an impending […]

by Joshua Mahony
1 year ago