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Commerzbank Warns of Ongoing Devaluation Risks for Lira

October 15, 2026 8:40 am
Key Moments Commerzbank’s Tatha Ghose notes that USD/TRY has followed a mechanically managed depreciation path of about 20% on an annualized basis in recent months. The Central Bank of the Republic of Türkiye (CBRT) has reportedly begun a rate-cut cycle while also allowing controlled Lira weakening through FX intervention. With domestic inflation in the 30%-35% […] Read more

Euro Holds Edge Over Sterling Despite Surprise UK Growth

October 15, 2026 8:23 am
Key Moments EUR/GBP trades near 0.8465 in early European dealings as the pair trims earlier gains. UK GDP expanded 0.1% month-on-month in August, defying expectations for a 0.1% contraction. Reuters poll points to the ECB keeping the deposit rate at 2.50% in October, with a 25 bps hike anticipated in December. EUR/GBP Steadies After Initial […] Read more

Gold Rises as Soft USD, Lower Yields Ease Fed Hikes

October 15, 2026 7:32 am
Key Moments Gold (XAU/USD) holds modest intraday gains after snapping a three-day slide to a one-week low on Wednesday. US CPI data showed headline inflation at 3.7% and core inflation at 2.6% over the 12 months through September, prompting markets to reassess the Fed outlook. Geopolitical tensions and energy-related inflation risks sustain expectations for further […] Read more

Euro Holds Gains as Markets Focus on US Inflation

October 15, 2026 7:06 am
Key Moments EUR/USD trades around 1.1215 in Thursday’s Asian session, with upside seen constrained by worries over France’s fiscal outlook. U.S. headline CPI increased 3.7% year-over-year in September, while core CPI rose 2.6%, both topping some market expectations. Futures markets place the probability of an October Fed rate hike at about 31.6%, as traders digest […] Read more

Sterling Holds Firm as Markets Weigh UK Data, Fed Path

October 15, 2026 6:46 am
Key Moments GBP/USD trades near 1.3230 in early Asian dealings as the US Dollar softens despite stronger US CPI data. Market pricing shows a 75.1% probability that the Federal Reserve will keep rates unchanged at its October 27-28 meeting. BoE Chief Economist Huw Pill signals skepticism over market expectations for four UK rate hikes over […] Read more

WTI Slips as US Weighs Sanctions Relief Amid Risks

October 15, 2026 6:30 am
Key Moments WTI retreats to around $93.10 per barrel in Asian trading after a five-session advance as the U.S. considers easing sanctions on “shadow fleet” tankers. Geopolitical tensions escalate with attacks affecting shipping in the Strait of Hormuz and reported strikes on Ukrainian and Saudi energy infrastructure. API data shows a sharp 11.12 million-barrel weekly […] Read more

PBOC Sets Yuan Reference Rate Slightly Weaker vs Dollar

October 15, 2026 6:05 am
Key Moments The People’s Bank of China set the USD/CNY central parity rate at 6.7253 for Thursday’s session. The new fixing compares with the prior trading day’s reference rate of 6.7249. The PBoC continues to use a range of policy tools, including the Loan Prime Rate, to influence domestic funding costs and the Renminbi’s exchange […] Read more

State Street Falls as Fee Revenue Softens

October 14, 2026 2:02 pm
Key Moments State Street Corp reported third-quarter 2026 EPS of $3.69, coming in above the consensus range of about $3.60 to $3.68 per share. The stock fell 7.52% in pre-open trading after the results were released at approximately 7:30 a.m. ET. Shares had already declined roughly 7% over the prior month amid concerns about fee […] Read more

Accenture Stock Gains on Strong AI Guidance at Investor Day

October 14, 2026 1:32 pm
Key Moments Accenture stock climbed 3.7% in pre-market trading following its first investor day in four years. The company outlined a three-year plan targeting mid- to high-single-digit local-currency revenue growth through fiscal 2029 and 10 to 30 basis points of annual operating margin expansion. UBS reaffirmed its Buy rating with a $275 price target as […] Read more

Guggenheim Lifts Meta Target to $850 on Muse AI Usage

October 14, 2026 1:26 pm
Key Moments Guggenheim increased its price target on Meta Platforms to $850 from $700, citing higher 2027 projections and early momentum for the Muse AI agent. Muse reached 1.3 million daily active users within five weeks, rising from 0.3 million in its first week, though this remains below 0.05% of Meta’s 3.6 billion daily users. […] Read more