Pre-Market Review
Fed This Week’s Headline

Posted by James Hughes -
Scope Markets

Global stocks start the new week after gains on Friday instigated by yet more US stimulus, and Bank of Japan. Asian shares pushed higher, and US features reversed earlier losses to show potential gains for Monday session. The S&P 500 is now only 19% from its all-time high. This week will announce several interest rates decisions and the Fed will be the first one to go public with the latest developments.

In currencies, overnight there were strong performances of the AUD and JPY. Overall, it was stocks that pushed themselves higher as markets awaited another week dominated by the Coronavirus outbreak.

There was some optimism from Coronavirus data. For the first time in more than a month, deaths slowed in Spain, Italy, and France. Additionally, there was the lowest number of deaths reported in the UK and New York in more than a month.

Fed is back in the game

This week will be one that has a big focus on macro-economic data. Federal Reserve, Bank of Japan and European Central Bank all announce their interest rate decisions. While many central banks can’t move their rates lower from their current position, it will be a case of focusing on more in the way of potential stimulus packages. The US and Japanese governments have already agreed on deals to prop up the economy. In contrast, the Eurozone has struggled to reach an accord with ECB president Christine Lagarde growing increasingly frustrated.

This week also sees GDP readings from the US and Eurozone. It will give an indication of just how hard the economic performance is being hit. Over 26 million Americans have lost their jobs in the past five weeks.

Earnings season also carries on this week with the likes of Google parent company, Alphabet, and Amazon reporting their Q1 earnings. The strength of global stock markets has been a focus for many over the last couple of weeks. Many try and understand why US indices remain close to a full recovery.

There is concern about what comes once the positive health headlines are removed, and economic realism sets in. However, there has also been a reliable performance on Wall Street in many stocks. Earnings have shown a robust performance from many significant stocks that are keeping the index prices inflated.

The energy market will be in focus. There is an acceptance that unless demand picks up rapidly, oil markets could be on a rollercoaster ride again.

Share this article:

Disclaimer: This material is a marketing communication and shall not in any case be construed as an investment advice, investment recommendation or presentation of an investment strategy. The marketing communication is prepared without taking into consideration the individual investors personal circumstances, investment experience or current financial situation. Any information contained therein in regardsto past performance or future forecasts does not constitute a reliable indicator of future performance, as circumstances may change over time. Scope Markets shall not accept any responsibility for any losses of investors due to the use and the content of the abovementioned information. Please note that forex trading and trading in other leveraged products involves a significant level of risk and is not suitable for all investors.

Payment Methods

Scope Markets
Scope Markets
Scope Markets
Scope Markets


Scope Markets
Scope Markets
Scope Markets
Scope Markets

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.

Contact Us

Registered address:
6160, Park Avenue, Buttonwood Bay, Lower Flat Office Space Front, Belize City, Belize


+44 2030 516959

Risk Warning

Please note that forex trading and trading in other leveraged products involves a significant level of risk and is not suitable for all investors. Trading in financial instruments may result in losses as well as profits and your losses can be greater than your initial invested capital. Before undertaking any such transactions, you should ensure that you fully understand the risks involved and seek independent advice if necessary. Please read and ensure you fully understand our Risk Disclosure.

Legal Information

RS Global Ltd is authorized and regulated by the Financial Services Commission of Belize ("FSC") under the Securities Industry Act 2021 with registration number 000274/2.

Restricted Regions

Scope Markets does not offer its services to the residents of certain jurisdictions. Please read carefully our Restricted Countries document.

This website uses cookies to provide you with the very best experience and to know you better. By visiting our website with your browser set to allow cookies, you consent to our use of cookies as described in our Privacy Policy.

© Copyright 2022 Scope Markets. All Rights Reserved.