Scope Markets Blog | Latest Forex News And Updates For 2020

Are we expecting a rate hike from RBNZ?

The official cash rate report by the RBNZ (Reserve Bank of New Zealand) will be an event to watch out for on this week’s economic calendar. The forecast has it already that there is likely to be a rate hike by 25basis point to 0.50% from 0.25%. As we have it, the New Zealand economy […]

by Adegbotolu Kehinde Erastus
3 years ago

Legendary Forex battles- How Soros was defeated by the bank of Hong Kong in 1998?

George Soros has played the best role in the financial market and reforming society. He is a fiscal predator who has been getting inspired by progressive theory and exchange Darwinism. He hasn’t only conferred the miserliness standard of Wall Street monetary capitalists but has also performed the role of philosophy guardian. He is newly rich […]

by Scope Markets
3 years ago

Dot-com bubble and do we have another technology bubble

Table of Content The dot-com bubble also called the dot-com inflation or boom, the technology, and the Internet bubble. It was a share market bubble created by the extreme reflection of Internet-linked organizations in the delayed 1990s. This was the time of huge growth in the usage and enactment of the Internet. In 1995 and […]

by Scope Markets
3 years ago

US NFP data in focus for the US markets as the Dollar eye a direction

The US BLS will release the report of the Non-farm payroll figures on Thursday and investors will be eyeing the news after the disappointing ADP data on Wednesday which showed that the private sector only added 330K jobs in July from the expected 695K. The market is projecting an improved data. The consensus on employment […]

by Lulama Msungwa
3 years ago

Top 10 Most Commonly Used Chart Patterns in Forex

Table of Content If you are an expert forex trader, then you know about chart patterns. But, if you are a beginner trader, then you may get forex chart patterns a bit strange and complicated, but possibly, with this post, you would be all set to recognize how these patterns work and stay notified about […]

by Scope Markets
3 years ago

Pound sterling losing momentum towards 1.4000 ahead of BoE policy meeting

The cable unleashed a ferocious bullish move against the dollar after the Fed’s dovish stance at last week’s FOMC press conference. GBPUSD propelled above 1.39000 price which was the near-term resistance level. However, the price failed to approach the 1.4000 psychological level and has rotated lower. On Thursday, the BoE’s MPC (Monetary Policy Committee) is […]

by Adegbotolu Kehinde Erastus
3 years ago