Scope Markets

🧐Gold is trading around $4,000. Where do you think it will be on Friday, November 6? Vote and tell us why in the comments👇 *Not investment advice. Trading carries risk.

Will the US midterms, October jobs data, or the BoE spark the week's biggest market moves? Senior Market Analyst Mohanad Yakout breaks down this week's top catalysts: how the midterms could move yields and the Dollar, December rate-hike bets ahead of NFP, and the BoE vote split. Plus, technical analysis on FX majors, Gold, Oil, and indices. Watch now 👉 ow.ly/WUqS5102UcY

⏱ MARKET UPDATE — Monday 2 November, 10:00–12:00 GMT ⏱ Update | 10:00–12:00 GMT 🇺🇸 Trump on Iran: "we'll see" about a deal, says Tehran wants one 🇺🇸 Trump vows to veto everything if Democrats win midterms 🇪🇺 ECB's Vujcic: AI valuations among financial stability risks ⛽ TotalEnergies CEO sees no European gas shortage this winter *Not investment advice. Trading carries risk.

Where will spot gold close on Friday versus Monday? 🤔 Reply with A, B, C or D. 👇 *Not investment advice. Trading carries risk.

⏱ MARKET UPDATE — Monday 2 November, 08:00–10:00 GMT ⏱ Update | 08:00–10:00 GMT 🇪🇺 Eurozone mfg PMI final 52.7 vs 52.4 forecast 🇬🇧 UK mfg PMI final 52.8, in line 🇪🇸 Spain mfg PMI 52.2 vs 50.5 forecast 🏦 ECB's Kazimir: question is how much further action, not if 🇮🇷 Iran: Vance letter offers no new basis, demands unchanged *Not investment advice. Trading carries risk.

⏱ MARKET UPDATE — Monday 2 November, 06:00–08:00 GMT ⏱ Update | 06:00–08:00 GMT 🇮🇷 Iran says US diplomacy rests on its seven-step plan, sees a chance of implementation within days 🛢 Tehran: Hormuz cannot reopen before US sanctions are lifted 🇩🇪 German retail sales -2% m/m (f'cast +0.4%, prev +1.3%) *Not investment advice. Trading carries risk.

📅 TODAY'S OUTLOOK — Monday 2 November (times in GMT) 📅 Today's key events (GMT) 08:55 🇩🇪 Mfg PMI final (f: 54.2) 09:00 🇪🇺 Mfg PMI final (f: 52.4) 09:30 🇬🇧 Mfg PMI final (f: 52.8) 15:00 🇺🇸 ISM Mfg PMI (f: 54.5) 16:15 🇺🇸 Fed's Goolsbee 20:00 🇺🇸 Treasury refunding estimates 21:30 🇺🇸 Apple earnings *Not investment advice. Trading carries risk.

🌅 WEEKEND & OVERNIGHT RECAP — Monday 2 November (Fri 16:00 – Mon 06:00 GMT) 🌍 Weekend recap | Fri 16:00–Mon 06:00 GMT 🇮🇷 US-Iran talks progressed positively (Axios) 🛢 More tankers hit near Hormuz; OPEC+ holds Dec quotas 🇺🇸 Fed's Logan: at least two more hikes needed 📉 Intel -29% Friday as tech sells off 🇨🇳 China official mfg PMI 49.3 (f: 49.9) *Not 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

⏱ MARKET UPDATE — Friday 30 October, 10:00–12:00 GMT ⏱ Update | 10:00–12:00 GMT 🇪🇺 EZ Q3 GDP 1.3% y/y (f 1.1%), 0.4% q/q; jobless rate 6.5% (f 6.4%) 🇮🇹 Italy CPI jumps to 5.4% y/y (f 4.6%) 🏦 ECB's Panetta: further rate hikes may be needed 🛢 Trump: Iran must make a deal; Iran says it hit a US drone boat in Hormuz (unconfirmed) *Not investment advice. Trading carries risk.

⏱ MARKET UPDATE — Friday 30 October, 08:00–10:00 GMT ⏱ Update | 08:00–10:00 GMT 🇩🇪 Q3 GDP +0.2% q/q (fcst 0.1%), +1.3% y/y NSA (fcst 1.2%) 🇩🇪 Jobless rate 6.4% as expected; jobless +4k (fcst 5k) 🇪🇸 CPI steady at 4.9% y/y; Q3 GDP +0.6% q/q 🇮🇹 Q3 GDP flat q/q (fcst +0.1%) 🏦 ECB's Rehn: inflation risks remain elevated *Not investment advice. Trading carries risk.

⏱ MARKET UPDATE — Friday 30 October, 06:00–08:00 GMT ⏱ Update | 06:00–08:00 GMT 🇫🇷 France Q3 GDP -0.1% q/q (fcst +0.1%) 🇫🇷 Oct CPI 3.4% y/y (fcst 3.3%), HICP 3.8% (fcst 3.6%) 🇯🇵 BoJ's Ueda: too early to declare 2% target met 🇦🇺 Poll: RBA seen hiking to 4.85% on 3 Nov 🇪🇺 ECB's Dolenc: inflation could stay above 2% for years *Not investment advice. Trading carries risk.

⏱ MARKET UPDATE — Thursday 29 October, 10:00–12:00 GMT ⏱ Update | 10:00–12:00 GMT 💊 Eli Lilly Q3 adj. EPS $7.48 vs $5.59 est., revenue $24.40B 💊 Merck Q3 adj. EPS $2.49 vs $2.07 est. 🏗 Caterpillar Q3 adj. EPS $7.20 vs $7.10 est. 💻 Microsoft launches US bond sale, seeking at least $25B 🇯🇵 Japan to subsidise utility bills Dec–Feb *Not investment advice. Trading carries risk.

⏱ Update | 14:00–16:00 GMT 🇪🇺 ECB staff: yield rise cuts 2027-28 growth by 100bp, inflation by 90bp vs Sept (sources) 🛢️ Russia set to extend diesel export ban to year-end (sources) 🇪🇺 Lagarde: ECB can wait for data ⚓ IRIB: tanker hit mines in Hormuz (unconfirmed) *Not investment advice. Trading carries risk.

⏱ Update | 12:00–14:00 GMT 🇺🇸 Q3 GDP 3.4% (est. 3.2%); core PCE 3.1% y/y, as expected 🇺🇸 Spending +0.5% m/m (est. 0.6%); claims 194k 🇪🇺 ECB holds at 2.65%, flags energy shock risk 📉 Alphabet -13%, ~$489B value hit 🛢 Gulf oil majors seek bigger Asia crude stocks amid Iran war *Not investment advice. Trading carries risk.

⏱ MARKET UPDATE — Thursday 29 October, 10:00–12:00 GMT ⏱ Update | 10:00–12:00 GMT 💊 Eli Lilly Q3 adj. EPS $7.48 vs $5.59 est., revenue $24.40B 💊 Merck Q3 adj. EPS $2.49 vs $2.07 est. 🏗 Caterpillar Q3 adj. EPS $7.20 vs $7.10 est. 💻 Microsoft launches US bond sale, seeking at least $25B 🇯🇵 Japan to subsidise utility bills Dec–Feb *Not investment advice. Trading carries risk.

⏱ MARKET UPDATE — Thursday 29 October, 08:00–10:00 GMT ⏱ Update | 08:00–10:00 GMT 🇺🇸 Trump admin in talks on a temporary peace deal (Semafor, unconfirmed) 🇪🇺 ECB's Lagarde plans to step down on 7 Feb, she told staff 🛢 Iran's IRGC Navy: 3 tankers hit mines off Strait of Hormuz in 24h 🇬🇧 UK mortgage approvals 53.4k vs 54k expected *Not investment advice. Trading carries risk.

⏱ MARKET UPDATE — Thursday 29 October, 06:00–08:00 GMT ⏱ Update | 06:00–08:00 GMT ⚓ UKMTO reports an incident 9NM north of Khasab, Oman 🇰🇷 Seoul still weighing options in US talks on a Strait of Hormuz deployment 🇳🇴 Equinor: Afrodite gas find may hold over double earlier estimates 🇸🇪 Advance GDP 2.8% YoY vs 2.9% fcst, 3.3% prior *Not investment advice. Trading carries risk.

📅 TODAY'S OUTLOOK — Thursday 29 October (times in GMT) 📅 Today's key events (GMT) 09:30 🇬🇧 BoE consumer credit, mortgage approvals 12:30 🇺🇸 Q3 GDP, PCE inflation, jobless claims 13:15 🇪🇺 ECB rate decision 13:45 🇪🇺 Lagarde press conference 14:30 🇺🇸 EIA natural gas storage 17:00 🇺🇸 7-year note auction 20:00 🇺🇸 Amazon, Intel earnings *Not investment advice. Trading carries risk.

🌅 OVERNIGHT RECAP — Thursday 29 October (16:00–06:00 GMT) 🌍 Overnight recap | 16:00–06:00 GMT 🇺🇸 Fed holds at 3.75–4.00%, two dissents for a hike 🛢 WTI $102.78 (+2.88%), Brent $115.32 🇮🇷 Vance writes to Iranian official on talks (WSJ) 💻 Microsoft beats, Azure +48%; Alphabet revenue slight miss 🇰🇵 North Korea fires ~10 missiles *Not investment advice. Trading carries risk.