Scope Markets @Scope_Markets

UPDATE: US producer inflation cooled in June, with annual PPI easing to 5.5% from 6.0%, below the 6.2% forecast. Monthly PPI fell 0.3%, reversing May's 0.6% gain and missing expectations for an unchanged reading. 🗞 Stay tuned for live news coverage during the day! *Not an investment advice. Trading carries risk.

📰 Markets on Wednesday: 🌎 During the Asian session, data revealed that China's economy expanded by 4.3% in Q2 2026, marking a slowdown in GDP growth. Attention now shifts to a busy economic calendar featuring the U.S PPI release, the Bank of Canada's interest rate decision, and the second day of Kevin Warsh's testimony. 🗞 Stay tuned for live news coverage during the day! *Not an investment advice. Trading carries risk.

JUST IN: US June inflation came in well below expectations. Headline CPI eased to 3.5% YoY from 4.2%, while Core CPI fell to 2.6%, back to March levels. The softer data lifted Gold and the S&P 500. 🗞 Stay tuned for live news coverage during the day! *Not an investment advice. Trading carries risk.

UPDATE: Gold trims part of its rebound but remains close to the low touched earlier on Tuesday. The metal continues to trade with a slight positive bias above the $4,000 psychological level during the first half of the European session amid mixed market cues. 👀Stay tuned for live news coverage during the day! *Not an investment advice. Trading carries risk.

📰 Markets on Tuesday: 🌎 Australian Westpac consumer confidence data came out at 4.1%, higher than the previous reading. Markets look ahead to today's US inflation data and Kevin Warsh's testimony. 🗞 Stay tuned for live news coverage during the day! *Not an investment advice. Trading carries risk.

WEEK AHEAD: What Could Move Markets This Week?👀 Mohanad Yakout breaks down the week's biggest market catalysts: Tuesday's US CPI report, Fed Chair Warsh's debut testimony, the Bank of Canada decision and Q2 bank earnings. Plus, technical analysis on FX, gold, oil and indices. 🎥 Watch now: ow.ly/7QCB50ZmPIa

UPDATE: US-Iran MOU is in "crisis phase," as Iran says it won't fulfill commitments, warns ships on US parallel routes in Hormuz at risk. Explosions reported near Bandar Abbas & Qeshm Island. Energy and USD so far with muted reaction after the gap up in Asia, most likely shaking weak stops. 👀Stay tuned for live news coverage during the day! *Not an investment advice. Trading carries risk.

📰 Markets on Monday: 🌎 Markets kicked off the week on a volatile note, with oil prices climbing after a second consecutive night of US strikes on Iran. With little on today's agenda, geopolitical tensions are dominating sentiment. 🗞 Stay tuned for live news coverage during the day! *Not an investment advice. Trading carries risk.

📅 | #What2Watch These market news events could make waves in your portfolio. Check them out and stay tuned for our analysis on YouTube. - #MarketCalendar | #MarketOutlook

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UPDATE: With the weekend risk elevated, markets are consolidating and oil bears are cautiously liquidating as war escalation risks loom. Stocks are likewise shifting lower after yesterday’s vicious rally, while gold and silver longs also cover into Saturday and Sunday. 👀Stay tuned for live news coverage during the day! *Not an investment advice. Trading carries risk.

📰 Markets on Friday: 🌎 The last day of the trading week will be heavily focused on Canadian data, as markets look ahead to the Consumer confidence and the labor market report and the unemployment rate for the month of June. 🗞 Stay tuned for live news coverage during the day! *Not an investment advice. Trading carries risk.

JUST IN:Gold rebounds after a three-day decline, holding modest gains near $4,100. Renewed Middle East tensions are stoking inflation concerns, reducing expectations for central bank rate cuts and limiting upside momentum on gold. 🗞 Stay tuned for live news coverage during the day! *Not an investment advice. Trading carries risk.

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📰 Markets on Thursday: 🌎Yesterday's FOMC minutes reinforced what markets had already priced in: a divided Fed, persistent inflation concerns, and support for further rate hikes. Today, attention turns to speeches from Fed's Williams and Logan, along with existing home sales data.. 🗞 Stay tuned for live news coverage during the day! *Not an investment advice. Trading carries risk.

UPDATE: Interest rates markets are pricing a smidge more than one 2026 hike from the ECB, but with parallel rate hikes from the Fed, this does not materialise in a sustained move higher for the EURUSD. The FOMC minutes tonight might provide more clarity, and shift the present hawkish Fed market expectations, looking for a break outside of the 1.1350-1450 range. 👀Stay tuned for live news coverage during the day! *Not an investment advice. Trading carries risk.

JUST IN:Trump says memorandum of understanding with Iran is finished and does not want to engage with Iran. Oil continues higher, while EU and Asian stocks are getting hammered heavily once again. Fast-paced oil/Iran headlines market continues to be the dominant theme . 🗞 Stay tuned for live news coverage during the day! *Not an investment advice. Trading carries risk.

📰 Markets on Wednesday: 🌎Matching expectations, the Reserve Bank of New Zealand raised interest rates by 25 basis points earlier today. Markets now turn their focus to the US crude oil inventories report and the FOMC meeting minutes 🗞 Stay tuned for live news coverage during the day! *Not an investment advice. Trading carries risk.

With the tense negotiations between the US and Iran still upcoming, will US oil close the month of July above or below $70?

JUST IN: NATO's Rutte says allies will invest more than $40 bln into anti-drone technologies over the next 5 years - speculation which stocks may benefit. The usual suspects from the defence industry in Europe come top of mind - Rheinmetall, Thales, and SAAB. Hensoldt, Exosens and QuinetiQ Group also exposed to radars and electronic warafare equipment. 🗞 Stay tuned for live news coverage during the day! *Not an investment advice. Trading carries risk.

📰 Markets on Tuesday: 🌎Early morning data show Germany’s May industrial production rose 0.9% MoM, well above the previous 0.2% reading. 👀 Later today, markets will focus on the US ADP employment change and import/export data. 🗞 Stay tuned for live news coverage during the day! *Not an investment advice. Trading carries risk.