Scope Markets Blog | Latest Forex News And Updates For 2020

US shutdown averted, for now

European markets have kick-started the week on a positive footing, as traders breathe a collective sigh of relief after the US congress managed to approve a stop-gap solution to the impending partial government shutdown. While the avoidance of this shutdown will undoubtedly provide a short-term reprieve for markets, it is simply a case of kicking […]

by Joshua Mahony
1 year ago

Week ahead: 2-6 October

Table of Content As we prepare for the trading week ahead, it’s essential to have a thorough understanding of the pivotal economic events and company reports that can significantly impact financial markets. Here’s an in-depth preview of what to watch out for the week ahead. Monday, 2nd October US government shutdown The week starts with […]

by Joshua Mahony
1 year ago

Eurozone inflation slump helps lift market sentiment

Asian markets have seen the focus shift to Japan, where a raft of data brought volatility for the yen and Nikkei. The most important figure came in the form of the Tokyo CPI reading which fell from 2.8% to 2.5%. Meanwhile, a surprise BoJ announcement that they are to buy 300 billion yen of 5-10Yr […]

by Joshua Mahony
1 year ago

Mover and Shakers – what were the big trends in September 2023?

Indices FTSE 100 The FTSE 100 enjoyed a particularly strong September, with the index stabilizing after a positive start to the month. Coming at a time of economic concern, many traders would expect to see UK stocks decline to reflect the heightened chance of a recession. However, the weakening UK economy instead hampered the pound, […]

by Joshua Mahony
1 year ago

Markets continue to slide as WTI breaches $94 and US shutdown edges closer

Equities throughout Europe and Asian have continued their pessimistic tone today, as fear maintains its stranglehold on market sentiment. In Asia, the real estate crisis appears to be rearing its head once again as Evergrande suspended trading just a day after their CEO was placed under police control. With the property giant missing payment on […]

by Joshua Mahony
1 year ago

Monthly FX Breakdown – October 2023

Table of Content USD The US dollar has enjoyed a particularly strong September, with concerns around the potential for a market correction helping to lift demand for this haven currency. For the dollar index this has brought about a rise into the highest level since November 2022, ending the month with a eleventh consecutive week […]

by Joshua Mahony
1 year ago