Scope Markets Blog | Latest Forex News And Updates For 2020

CRUDE OIL CONTINUES UPWARD MOVES TOWARDS PRE PANDEMIC LEVELS

Key Points Oil prices reaches $60 a barrel for the first time over a year Saudi Arabia pledges to tighten supply cuts China’s demand also key factor in pushing oil prices higher Crude oil prices hit $60 per barrel for the first time over a year. The year 2020 saw the price of crude oil […]

by Adegbotolu Kehinde Erastus
4 years ago

Bitcoin Surges 57.7% in 2021 amid $1.5B Tesla Endorsement

Elon Musk has been supporting cryptocurrency adoption for the past couple of years. However, in 2021, he has become more aggressive in making clear of his intentions. On January 29th, he changed his Twitter profile Bio to #Bitcoin. This caused a 20% surge in Bitcoin price. Key Takeaways Tesla’s purchase of Bitcoin might lead other […]

by Rufas Kamau
4 years ago

The Bank of England Rate Decision

BoE is set to leave its interest rate unchanged on Thursday The sterling will await to hear if Governor Bailey will abandon negative rates The bank could give remarks on the success of vaccination scheme so farBoE is expected to keep interest rates unchanged The sterling bulls will have to wait until Thursday to find […]

by Lulama Msungwa
4 years ago

Gamestop Saga ends badly for the Redditors. But is this the end?

Gamestop saga refers to an event that happened in January 2021. It began with a 2.2 million Reddit community named r/WallstreetBets where one of the subredditors named DeepF**kingValue wrote a post exposing the massive short positions on Gamestop shares. They then ganged together to buy the stock thereby driving it over 1500% up in less […]

by Rufas Kamau
4 years ago

Pfizer Slumps 4% after reporting Mixed Earnings

Pfizer was the first company to report that they had developed a covid-19 vaccine in partnership with German company BioNTech. Investors have been placing big bets on biotech companies since the beginning of the pandemic. However, keen focus has shifted to biotech earnings to weigh whether the companies have actually made significant revenue and profits. […]

by Rufas Kamau
4 years ago

NON-FARM PAYROLLS REPORT

It’s the first trading week of the month and what comes to every trader’s mind is the NFP (Non- Farm Payroll) report which is scheduled to be released on February 5th 2020. Last week’s Fed conference failed to provide the much needed volatility expected as the US dollar was still yet to pick a direction. […]

by Adegbotolu Kehinde Erastus
4 years ago