Scope for a move back to the 1.06 area into the spring – Rabobank
Economists at Rabobank discuss their forecasts for the EUR/USD pair for the coming moths. Market has now built substantial EUR longs “The market has now built substantial EUR longs meaning that the single currency will become increasing sensitive to the realisation that headwinds to Eurozone growth remain, albeit at a far more reduced level than […]
Scope Markets Elevates Pavel Spirin to Chief Executive Officer
Finance Magnates has recently learned that Pavel Spirin has been promoted by Scope Markets to Chief Executive Officer, effective from January 2023. On his LinkedIn profile, it mentions that in his new role, he is the Group B2C (retail) division lead. Additionally, he posted the following comment to share his success with his peers. “I’m […]
Scope for a fall to 3200 – Barclays
Despite 2022’s drawdown, analysts at Barclays believe that global equity markets have room to drop further. Cash should be the real winner of 2023 “We observe that US stocks tend to bottom out 30-35% below peak in the middle of a recession. That suggests fair value of 3200 on the S&P500 sometime in H1 23. […]
Rostro Appoints John Murphy as CRO of Scope Markets after Acquisition
Rostro Financials Group has appointed John Murphy, its Group Head of Retail Operations, as the new Chief Revenue Officer of Scope Markets. Murphy disclosed his appointment on Friday on LinkedIn. The executive, who brings about 15 five years of forex industry experience to the role, has worked in senior roles for top forex and CFD […]