Federal Reserve Interest Rate Stability The Federal Reserve (FED) held rates still at 5.25 to 5.5%. Chairman Powell said at a press conference after the meeting, “We will continue to make interest rate decisions on a case-by-case basis based on all data and the impact on economic activity and the outlook for inflation. ”  Chairman […]

Japan’s Semiconductor Slowdown: Impact on the Economy Japan’s Ministry of Finance released import and export data for August, which showed weak demand from China and semiconductor equipment. The export value fell 0.8% from the same month last year to 7,994.3 billion yen due to reduced exports of semiconductor machinery (-36.3%), organic chemicals (-19.1%), and fossil […]

Focus on EUR/USD today.  Fundamentally, the Federal Reserve will announce its latest interest rate decision, and it is basically a certainty that interest rates will remain unchanged. However, since the Federal Reserve will also release its latest Summary of Economic Predictions(SEP), the dot plot is the focus of the market’s attention.   The most debated question […]

Focus on XAU/USD today.  Fundamentally, there has been a large divergence between China’s domestic gold prices and international gold prices recently, but the bullish drive for domestic gold is mostly due to the depreciation of the local currency and the impact of restrictions on gold imports. It is difficult for international gold prices to be […]

Mastering Holiday Spending in Times of Economic Uncertainty A new CNBC-Morning Consult survey has found that 92% of adults have reduced their spending over the past six months, and plan to spend less through the holidays.  The Core Insight Consumers remain cautious in their spending due to job insecurity and inflation. The most common categories […]

The European Central Bank’s Recent Interest Rate Hike and Its Impact on the Euro The European Central Bank (ECB) raised the three key interest rates by 25 bps. Starting from September 20, 2023, the marginal lending facility, main refinancing operations, and deposit facility will increase to 4.75%, 4.50%, and 4.00% respectively, setting a record since […]

Unveiling the Robust U.S. Economic Landscape Ahead of the Federal Reserve Meeting The Bureau of Labor Statistics released three statistical reports on September 14:  1. Retail sales  U.S. retail sales in August increased by 0.1% on a monthly basis higher than market expectations, and the annual growth rate increased from 2.6% to 2.5%. Retail sales […]

Focus on USD/CAD today.  Fundamentally, the continued rise in oil prices this week has driven market demand for the Canadian dollar and promoted the appreciation of the Canadian dollar. This has also made the implementation of the Bank of Canada’s monetary policy more difficult to a certain extent. In the short term, oil prices affect […]

Understanding the Surprising Rise in U.S. Inflation Data On September 13th, the U.S. Department of Labor (BLS) released the Consumer Price Index (CPI) in August increased by 3.7% year-on-year, slightly higher than the market estimate of 3.6%, and higher than the previous value of 3.2%. However, excluding food and energy Core CPI increased by 4.3% […]

Focus on EUR/USD today.  Fundamentally, Traders will pay more attention to European Central Bank interest rate decision tonight. As the Eurozone’s second-quarter GDP growth rate dropped from 0.3% to 0.1%, the latest PMI data also showed that economic activity in the service industry and manufacturing industry shrank intensified in August. The sluggish economy coupled with […]