Scope Markets Blog | Latest Forex News And Updates For 2020

18 Sept FX outlook – USD, EUR, GBP, CAD, AUD, NZD

Table of Content USD The US dollar stretched its gains against other currencies for the 9th week in a row as positive economic data reports increased soft landing bets, wooing investors. The US dollar index is already up about +1.67% this month with the price now nearing a 6-month peak around 105.85. An eventful week […]

by Joshua Mahony
1 year ago

Energy fears weigh on markets ahead of key week

European markets are in the red this morning, with markets taking on a pessimistic tone ahead of a week dominated by central bank activity. Last week’s dovish hike from the ECB raised hope that we could see a similar approach from the Bank of England on Thursday, but the impending UK inflation report could scupper […]

by Joshua Mahony
1 year ago

Week ahead: 18-22 September

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, September 18th UK Rightmove house price index Coming in […]

by Joshua Mahony
1 year ago

Dovish hike from the ECB helps lift sentiment

Asian markets enjoyed a strong end to the week, with a second Chinese rate cut in as many days coming via a 0.2% reduction in the 14-day reverse repo that took it to 1.95%. Coming off the back of a 25-basis point cut to the RRR on Thursday, it is clear that the PBoC are […]

by Joshua Mahony
1 year ago

UK growth concerns emerge as GDP heads lower, with eyes turning to US CPI report

Asian markets experienced another mixed session overnight, with China-linked indices underperforming after EU Commission launched an anti-subsidy investigation into Chinese electric vehicles. With the German car industry losing ground against their Chinese rivals, any protective measures taken by the EU Commission could risk a fresh trade spat between Europe and China. European markets are in […]

by Joshua Mahony
1 year ago

ECB Preview: Stagflation fears drive rate hike uncertainty

The ECB reconvenes for their latest monetary policy meeting on Thursday, with markets more uncertain than ever over whether the tightening phase will continue after a historic tightening phase that drove price up from -0.5% to 3.75% in just over a year. Coming in the wake of nine consecutive interest rate hikes, there is a […]

by Joshua Mahony
1 year ago