EUR/USD
1.19795
0.216%
Gold
5475.60
1.095%
Oil
63.438
0.169%
USD/JPY
153.007
-0.260%
GBP/USD
1.38242
0.122%
GBP/JPY
211.526
-0.121%
Real-time News
On January 29th, a research report from CITIC Securities stated that the Federal Reserves decision to maintain its policy rate unchanged at its January 2026 meeting was in line with market expectations. Both the meeting statement and Powells remarks indicated signs of stabilization in the US unemployment rate, and Powell stated that the policy rate was in a good position. Powell predicted that tariff inflation would peak later than the first quarter, around mid-year, and that it remained uncertain whether Trump would introduce new substantive tariff policies. Therefore, CITIC Securities expects no further rate cuts during Powells remaining two meetings as Fed Chairman. Regarding asset prices, US stocks, bonds, and the dollar saw relatively small fluctuations, while gold prices were largely driven by geopolitical factors and market sentiment.On January 29th, a research report from CICC stated that the Federal Reserves decision to keep interest rates unchanged at its January meeting was in line with market expectations. Governor Wallers dissenting vote may be related to his desire to be nominated as the next Fed Chair. The monetary policy statement indicated that "the unemployment rate has stabilized," and Powell stated that monetary policy is "in the right place," suggesting a higher threshold for another rate cut in the near term. Beyond this, Powell did not provide much guidance and avoided other questions unrelated to interest rate setting. We believe the Fed is still likely to cut rates twice in 2026, but the first cut may be delayed until the second quarter. The core problem of the US economy is not insufficient growth, but rather income inequality and affordability pressures on ordinary families. These structural problems cannot be solved by monetary policy alone; instead, they may prompt the government to adopt more non-market interventionist policies to address voters concerns.January 29th - According to foreign media reports, two US officials revealed on Wednesday that the US is transferring an oil tanker seized this month to Venezuela, marking the first time the Trump administration has returned such a tanker. The US has been continuously seizing oil tankers linked to Venezuela for months, carrying out seven seizures since the end of last year. The officials stated that the tanker being transferred to Venezuelan authorities is the Panamanian-flagged supertanker "Sofia." They did not specify the reason for the return. The "Sofia" was intercepted by the Coast Guard and US military on January 7th. At the time, the US government described the tanker as a "stateless, sanctioned" shadow fleet tanker.Goldman Sachs downgraded Indonesian stocks to underweight.On January 29th, Tesla CEO Elon Musk stated during an earnings call on January 28th that the company will cease production of the Model S and Model X vehicles next quarter. "Its time to honor the Model S and Model X projects as we truly move towards a future centered on self-driving technology," Musk said. Musk also revealed that Tesla is replacing the Model S and Model X production lines at its Fremont, California factory with Optimus production lines, with a long-term goal of achieving an annual production capacity of one million robots.
