EUR/USD
1.16277
0.236%
Gold
3973.83
1.111%
Oil
60.098
-0.143%
USD/JPY
152.806
0.053%
GBP/USD
1.32100
0.117%
GBP/JPY
201.860
0.180%
Real-time News
On October 30th, Hirofumi Suzuki, Chief Foreign Exchange Strategist at Sumitomo Mitsui Banking Corporation, stated that the Bank of Japans interest rate decision appeared to be an independent decision based on its own assessment of the economic situation, and did not reflect political pressure. With the Sanae Takaichi government confirming policy continuity, the yen may continue to face downward pressure in the foreign exchange market. If the Bank of Japan continues to favor a gradual pace of interest rate hikes, it is expected to decide on a rate increase at its December policy meeting.October 30th, Futures News: Economies.com analysts latest view: Brent crude futures fell in the previous trading day, a move aimed at preparing for new bullish momentum to help prices recover and resume their upward trend. Meanwhile, the market is attempting to resolve the overbought condition indicated by the Relative Strength Index (RSI), especially given the negative signal from the indicator. The current short-term pattern remains dominated by a bullish corrective wave, with prices dynamically stabilizing above the 50-day exponential moving average forming key support, which enhances the likelihood of a rebound in oil prices in the subsequent period.On October 30th, HSBCs Chief Asia Economist, Fred Neumann, stated that the Bank of Japan (BOJ) is cautiously moving towards an interest rate hike. With persistently high inflation, a robust economy, and accelerating fiscal tailwinds, the question is no longer whether to raise rates, but when. Although the market has postponed its expectations for a tightening of monetary policy by the BOJ, officials may choose to act sooner rather than later. Volatility in the government bond market and unstable exchange rates also indicate that financial markets are seeking an anchor point; a timely rate hike by the BOJ would help stabilize price expectations. Having missed the opportunity to raise rates in October, market attention has turned to December, when action seems more likely.On October 30th, Norihiro Yamaguchi, senior economist for Japan at Oxford Economics, stated that the Bank of Japans decision to maintain its policy rate was not surprising. The central banks median forecasts for economic growth and inflation are largely consistent with its July outlook. The key question is whether BOJ Governor Kazuo Ueda will indicate at the press conference that the next rate hike is imminent. For example, if he believes the downside risks from the tariff shock have significantly diminished, the markets expectation of a rate hike may come sooner. In this scenario, Japanese government bond yields could rise, and the yen would also appreciate. Yamaguchi predicts that the BOJ will raise rates to 0.75% in December, as new data confirms that economic performance is in line with the BOJs forecasts. However, this depends on economic data and whether new Prime Minister Sanae Takaichi maintains her cautious stance on normalizing monetary policy; there is a risk that the rate hike could be delayed.October 30th - Since September, memory chip prices have been rising, accelerating in the fourth quarter. Downstream manufacturers are scrambling to stock up, with some production lines operating at full capacity, yet demand still exceeds supply. This round of memory chip price surges is the result of a confluence of multiple factors in the global market. On the one hand, in pursuit of higher profits, major global memory chip manufacturers have shifted a significant portion of their production capacity to high-end chips used in artificial intelligence and data centers, leading to a sharp reduction in the supply of traditional memory chips. On the other hand, the memory chip industry itself is cyclical. After a period of low prices, manufacturers proactively reduced production to reduce inventory, accelerating the reversal of the supply-demand relationship and driving prices into an upward cycle. An executive at a semiconductor company stated that spot market prices for memory chips have increased by 60% to 80%, with some best-selling models seeing price increases of up to 100%. It is understood that memory chips have wide applications, demand continues to expand, and there is still significant market potential. Industry insiders believe that considering the current strong market demand, supply shortages, and the upward cycle of the industry, this round of strong memory chip prices is expected to continue for some time.
