Swiss National Bank Cuts Policy Rate by 50 Basis Points, Surpassing Expectations

Forex - The Swiss National Bank (SNB) made a move that exceeded market expectations by reducing the policy rate by 50 basis points. According to the SNB's announc...

India Considers Implementing Safeguard Duty on Steel

India's Steel Minister H.D. Kumaraswamy announced that India is considering implementing a safeguard duty or temporary tax to curb cheap imports from China.

Dur...

Bolat: Strong Improvement in Current Account Balance Continues to Present a Positive Outlook for the Economy’s Future

Forex - Trade Minister Ömer Bolat stated that the strong improvement in the current account balance continues to paint a positive picture for the future of the ec...

Uzbekistan Central Bank Holds Steady on Interest Rates

Forex - The Central Bank of Uzbekistan (CBU) did not change its policy interest rate. According to the statement from the CBU, the benchmark interest rate remaine...

Bolat: We Place Great Importance on Diversifying Collaboration Areas to Reach the $30 Billion Bilateral Trade Volume with Iran

The Minister of Trade, Ömer Bolat, emphasized the importance of diversifying cooperation areas to achieve the bilateral trade volume target of 30 billion dollars ...

Market Outlook: Dollar Could Strengthen After US PPI Data and ECB Interest Rate Decision

Forex - Chris Turner from ING stated that if the data released at 1630 GMT shows that U.S. producer price inflation is higher than expected, the U.S. dollar could...

Citi: Stablecoins Could Strengthen the Dollar's Dominance

A report published by Citi (C) analysts highlights that stablecoins account for more than three-quarters of the cryptocurrency trading volume and are largely pegg...

Swiss Franc (CHF) Drops After SNB's Larger-than-Expected Rate Cut

The Swiss franc experienced a sharp decline following an unexpected interest rate cut by the central bank. The currency fell to its weakest level in two weeks, re...

MARKET OUTLOOK - Swiss National Bank Doesn't Need to Cut Rates Significantly

Foreks - In a note written after the Swiss National Bank surprised consensus with a half-point rate cut, Melanie Debono from Pantheon Macroeconomics stated that t...

UBS Prefers GBP, AUD, and CHF; Neutral on JPY, Bearish on CNY

UBS has a positive outlook for the British pound (GBP), Australian dollar (AUD), and Swiss franc (CHF) within the G10 currency group. The financial services firm ...

UBS Expects Decline in Upcoming Data for EUR/JPY and EUR/GBP

UBS has emphasized the importance of upcoming economic indicators rather than the recent European Central Bank (ECB) meeting when sharing its forecasts on the pot...

IEA Raises 2025 Oil Demand Forecast Due to China's Stimulus Packages

The International Energy Agency (IEA) has revised its oil demand projections upward for 2025, citing economic stimulus measures in China. The Paris-based organiza...

London Stock Exchange Sells 4.92% Stake in Euroclear to TCorp for €455 Million

Forex - The London Stock Exchange Group sold its 4.92% stake in the financial services firm Euroclear to TCorp for 455 million euros. Euroclear is a Belgium-based...

TÜSIAD Chairman Turan: The Fight Against Inflation Must Include the Public Sector as Well

Forex - TÜSİAD Chairman Orhan Turan stated that the fight against inflation should be continued in a way that includes the public sector. Turan made the opening s...

BNP Paribas Markets 360 Predicts Euro Will Decline to Parity Against Dollar by 2025

Forex - Sam Lynton-Brown from BNP Paribas (EPA:BNPP) stated that the Euro is expected to continue to decline against the dollar and reach parity by 2025. Lynton-B...

Anadolu Group's New Motor Yacht Brand AIATA Set to Make a Bold Entrance into the Boating Industry

Foreks - Anadolu Group will introduce its new boat brand, AIATA, produced in Turkey, at the 2025 Düsseldorf Boat Show from January 18 to 26. The first model of th...

SNB Board Member Tschudin Sees a Mild Recovery for the Swiss Economy in 2025

Forex - Petra Tschudin, a member of the Swiss National Bank (SNB) Governing Board, stated that the SNB expects a slight increase in the growth rate of the Swiss e...

TÜSİAD YIK Chairman Aras: Steps Taken in Monetary Policy Are Incomplete Without Supporting Structural Reforms

Forex - Ömer Aras, Chairman of TÜSİAD High Advisory Council, stated that the steps taken in the right direction in monetary policy remain insufficient if not supp...

IEA Raises Oil Demand Forecast for 2025

Forex - The International Energy Agency (IEA) has raised its oil demand forecasts for next year citing the impact of China's stimulus measures, but noted that gro...

Yılmaz: Current Account Surplus Continues for the Fifth Consecutive Month

Forex - Vice President Cevdet Yılmaz indicated that the current account balance showed a positive level of $1.9 billion in October, continuing to record surpluses...

Swiss Rate Cut: DXY Steady, CHF Declines, EUR/USD Holds Firm

This week in Europe, while interest rate decisions are being made, the US dollar remains generally stable, with the euro showing slight gains ahead of the Europea...