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Wed, Apr 08, 2026 03:04 AM All times are UTC

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USD/TRY likely to settle at about 3.10 late next year

Dec 29, 2015 08:50 am UTC| Commentary

Turkish Lyra might not trade back below 3. differentials alone would take fair value to well over 3.00. Also, the continuing support from EU on the referee crisis may fade given Erdogans support for fighting Kurds across...

USD/TRY likely to trade above 3.25 in coming months

Dec 29, 2015 08:04 am UTC| Commentary

Turkeys headline inflation stays remarkably higher in spite of oil prices decline, due to the lower real interest rates. Headline inflation is above 8% with no indications of convergence towards the 5% target. Led by a...

Singapore MAS GDP forecast seems optimistic

Dec 29, 2015 08:03 am UTC| Commentary

Singapore Dollar was in top five performers in Asia during November. There is continued disinflationary pressure, however SGD showed resilience. CPI inflation came in below expectations in October and dropped...

Currency War Series

Bank Indonesia likely to retain an easing bias through 2016

Dec 29, 2015 08:03 am UTC| Commentary Central Banks

Indonesian Rupiah was one of the least performing currency in Asia in November which has gone some way to correct the overbought conditions in October when it rose 7.2%. Bank Indonesia eased its monetary policy by...

Currency War Series

Bank of Korea likely to stand pat in 2016

Dec 29, 2015 06:20 am UTC| Commentary Central Banks

Bank of Korea left its benchmark rate steady at 1.5% in December for 6th time as widely predicted. With growth and inflation basing, expansionary budget and ending of MERS, BoK might likely remain on hold in next...

Risk of a pause in USD/KRW rally likely in short-term

Dec 29, 2015 06:08 am UTC| Commentary

Korean Won was least performing Asian currency since the beginning of November, shedding 3.9% versus US dollar. The domestic data over this period was disappointing. IP growth slowed more than expected in October from...

Currency War Series

Reserve Bank of India likely to deliver 25 bps rate cut in 2016

Dec 29, 2015 05:46 am UTC| Commentary Central Banks

Reserve Bank of India left its benchmark rate at 6.75% in December, which was expected after Septembers hogher than expected 50bp rate cut. RBI Governor Rajan said, The Reserve Bank will use the space for further...

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Economy

Italy's Service Sector Contracts for First Time in 16 Months Amid Rising Costs and Weakening Demand

Italys services industry slipped into contraction territory in March 2026 for the first time in over a year, as escalating costs tied to Middle East tensions and softening demand weighed heavily on business activity. The...

Sterling Slides as Dollar Holds Firm Amid U.S.-Iran Tensions

The British pound came under pressure Tuesday, trading near $1.3234 against the U.S. dollar as geopolitical uncertainty and strong American economic data kept the greenback well-supported. Cable dipped to an intraday low...

Goldman Sachs Cuts 2026 Copper Price Forecast Amid Global Growth Concerns

Goldman Sachs has revised its 2026 copper price outlook downward, now projecting an average of $12,650 per tonne compared to its earlier estimate of $12,850. The adjustment reflects softer global demand expectations tied...

European Stocks Hold Steady as Iran Ceasefire Deadline Looms

European stock markets showed little movement on Tuesday following a long holiday weekend, as investors remained cautious amid escalating tensions in the Middle East. The pan-European Stoxx 600 edged up 0.1%, Germanys DAX...

Asian Markets Hold Steady Ahead of Trump's Iran Deadline as Oil Tops $110

Asian equity markets traded within tight ranges on Tuesday as cautious investors stepped back from risk assets ahead of a critical U.S. deadline tied to the escalating Iran conflict. With President Donald Trump warning...

Politics

Russia Secretly Aids Iran With Satellite Intelligence and Cyber Support Across the Middle East

A Ukrainian intelligence assessment has revealed that Russian satellites conducted at least 24 detailed reconnaissance missions over 11 Middle Eastern countries between March 21 and 31, surveying 46 strategic locations to...

Trump May Delay Iran Military Strike If Diplomatic Deal Shows Promise

President Donald Trump is reportedly open to postponing planned military action against Iran should credible signs of a diplomatic breakthrough emerge, according to multiple media outlets citing an Axios report. U.S....

Iran-Israel War Escalates as Trump's Ceasefire Deadline Looms

Tensions in the Middle East reached a critical flashpoint as Iran and Israel continued exchanging strikes, with Tehran firmly rejecting a U.S.-brokered ceasefire proposal just hours before a deadline issued by President...

Vance Visits Hungary to Back Orban Ahead of Pivotal 2025 Elections

U.S. Vice President JD Vance is traveling to Hungary this week in a show of political solidarity with Prime Minister Viktor Orban, who faces his most difficult re-election battle since coming to power in 2010. The two-day...

China's Push to Steal Taiwan's Chip Technology and Talent Raises Security Alarms

Taiwans National Security Bureau has raised serious concerns about Beijings escalating efforts to infiltrate the islands world-class semiconductor industry. According to a report submitted to Taiwanese lawmakers, China is...

Science

NASA Artemis II: First Crewed Moon Mission Since Apollo Takes Four Astronauts on 10-Day Lunar Journey

NASAs Artemis II mission launched Wednesday, marking humanitys return to crewed lunar exploration for the first time since the Apollo era. Carrying four astronauts aboard the Orion spacecraft, this historic 10-day mission...

NASA's Artemis II Mission: First Crewed Lunar Journey Since Apollo

NASA's Artemis II Crew Arrives in Florida for Historic Moon Mission

The four astronauts chosen for NASAs Artemis II mission have touched down at Kennedy Space Center in Florida, marking the beginning of final launch preparations for the first crewed lunar journey in over 50 years. NASA...

SpaceX Pivots Toward Moon City as Musk Reframes Long-Term Space Vision

SpaceX CEO Elon Musk has revealed a significant shift in the companys near-term space exploration strategy, announcing that SpaceX is now prioritizing the development of a self-growing city on the Moon rather than focusing...

SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates

Elon Musks SpaceX is shifting its near-term space exploration strategy, choosing to prioritize a return to the Moon before pursuing missions to Mars, according to a recent Wall Street Journal report citing sources familiar...

Technology

Samsung Electronics Posts Eightfold Profit Surge Driven by AI Chip Demand

Samsung Electronics delivered a stunning financial turnaround in the first quarter of 2025, projecting operating profit of approximately 57.2 trillion won (roughly $38 billion) a more than eightfold increase compared to...

Apple's Foldable iPhone Faces Engineering Setbacks, Mass Production Timeline at Risk

Apples highly anticipated foldable iPhone is running into significant engineering hurdles during its test phase, raising concerns about potential delays in both mass production and product shipments, according to a report...

Britain Courts Anthropic Amid US Defense Department Dispute

The United Kingdom is actively working to attract Anthropic, the company behind the popular Claude AI app, to expand its footprint in the country. This diplomatic push comes as Anthropic finds itself in the middle of a...

OpenAI Executive Shake-Up Ahead of Anticipated 2026 IPO

OpenAI is navigating a significant leadership restructuring at one of the most pivotal moments in its history. The AI powerhouse confirmed that Chief Operating Officer Brad Lightcap is transitioning into a newly created...

Elon Musk Ties SpaceX IPO Access to Mandatory Grok AI Subscriptions

Elon Musk is reportedly making Grok subscriptions a prerequisite for banks and advisers involved in SpaceXs highly anticipated initial public offering. According to the New York Times, citing insiders familiar with the...