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With Black Friday impending, traders will be watching closely for signs of consumption as we enter arguably the most important period for retailers. While Black Friday and Cyber Monday have typically been a US phenomenon, we have seen companies in the UK and other Western nations similarly utilize this opportunity to raise sales ahead of […]

by Joshua Mahony
5 months ago
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Salesforce Q3 earnings Thursday 30 November Salesforce look to head up the earnings for this forthcoming week, with the tech giant hoping to continue the steady increase in revenues. The company’s ability to outperform market estimates should be encouraging for shareholders, with the past eight quarters seeing the company beat both earnings and revenue expectations. […]

by Joshua Mahony
5 months ago
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Coming out of a mixed Asian session, Wall Street futures are currently indicating a modestly lower start to the day’s trade, but in light of the performance seen so far this month, its unlikely to be causing much disquiet for traders. It is however a quiet day ahead in terms of economic data with only […]

by Joshua Mahony
5 months ago
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USD The US dollar was the big loser of the week, with falling inflation re-enforcing the recent risk-on flight from safety as the odds of a final hike from the Fed fell to just 1%. The Dollar Index (DXY) which tracks the dollar’s performance against a basket of currencies fell about 1.88% during the week, […]

by Joshua Mahony
5 months ago
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Monday: BoE Bailey appearance A quiet Monday session sees the Bank of England governor Andrew Bailey make an appearance late in the day, with market pricing for potential rate cuts in 2024 bringing a need for central bankers to exert greater influence over expectations going forward. Markets are currently pricing in 75 to 100 basis […]

by Joshua Mahony
5 months ago
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European markets are heading towards the weekend on a positive footing, with the DAX hitting a fresh two-month high today. The pound has come into view thanks to a worrying retail sales figure, which slumped to -2.7% over the course of the year. This represents the 19th monthly contraction in sales volumes, as inflationary pressures […]

by Joshua Mahony
5 months ago
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Scope Markets offers institutional and retail trading services to businesses and traders worldwide. Our top management team has more than 20 years of experience in the industry, and we are proud of the solid partnerships we built over the years. Whether it's a business or individual, Scope Markets has a wide range of trading solutions that are compliant, flexible, cost-efficient, innovative, and place the client first.

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