EUR/USD
1.17820
-0.031%
Gold
3646.25
0.051%
Oil
63.093
-0.310%
USD/JPY
147.986
-0.001%
GBP/USD
1.35425
-0.076%
GBP/JPY
200.415
-0.066%
Real-time News
New York silver futures rose more than 1.00% during the day and are now trading at $42.54 per ounce.On September 19th, South Koreas top trade negotiator stated that the country is continuing consultations with the United States on contentious issues such as visa restrictions and auto tariffs. These issues are crucial to the economic interests of both sides as Seoul strives to ease friction with Washington. South Korean Trade Minister Yeo Han-koo told reporters upon arriving in Incheon on Friday that he had just returned from Washington, where he met with U.S. Trade Representative Greer and key members of Congress to advance progress in negotiations. Yeo said he had urged the United States to quickly resolve visa issues for South Korean workers. Earlier this month, more than 300 South Korean employees were detained at a battery factory under construction in Georgia. The workers were released and returned home last week, but the immigration enforcement action has exacerbated tensions between the two countries and cast a shadow over the future of significant investment commitments made by South Korea in July under a new trade agreement. The broad agreement stipulates a 15% tariff on South Korean goods, a commitment reaffirmed by the two leaders at a White House summit last month. However, reaching a final agreement remains elusive due to disagreements over how to structure and implement the $350 billion investment package, a core component of the deal.On September 19th, Nomura published a report assigning a target price of HK$121.80 to Anta Sports (02020.HK) with a "buy" rating. The report stated that Antas full-year sales target for fiscal year 2025 remains unchanged. Following a rebound in sales momentum in August, sales have fluctuated somewhat since September. FILAs third-quarter sales are expected to benefit from a low base, while Antas third-quarter sales are expected to be slightly lower than the third quarter of last year.Dovish 1. Bank of Japan member Asahi Noguchi: Given the uncertain economic outlook, the Bank of Japan should refrain from adjusting interest rates and should closely monitor economic developments. 2. Bank of Japan Deputy Governor Shinichi Uchida: We must pay attention to downside risks facing Japans economy and prices, and the Bank of Japan must currently support the economy through accommodative monetary policy. Neutral 1. Bank of Japan member Kazuyuki Masuda: We do not strongly disagree with the view that Japans overall inflation has not yet reached 2%; considering various economic risks, the Bank of Japan should not rush to raise interest rates. 2. Bank of Japan member Junko Koeda: Given the current high level of uncertainty, it is not appropriate to discuss the specific timing of the next rate hike. We need to closely monitor the economy, inflation, and financial markets before making a decision. 3. Bank of Japan Governor Kazuo Ueda: If the economy and prices develop as expected, we will not change our stance on raising interest rates. We will carefully examine whether the economy and prices meet our forecasts without preconceived views. 4. Bank of Japan member Junko Nakagawa: If the outlook for economic activity and prices is realized, the Bank of Japan will continue to raise the policy rate. We will make appropriate monetary policy decisions through continuous and prudent data assessment. 5. Bank of Japan Deputy Governor Yoshizo Himino: If the economy and prices perform as expected, the Bank of Japan is expected to gradually raise interest rates. As for the timing of rate hikes, we can only say that we hope to ensure that they are not raised too early or too late. Hawkish 1. Bank of Japan board member Hajime Takada: The Bank of Japan has only paused its rate hike cycle for now and should continue to adjust and shift after a period of observation. The Bank of Japan needs to return to a rate hike cycle in a flexible manner. 2. Bank of Japan board member Naoki Tamura: We are likely to achieve our inflation target earlier than expected. Even if uncertainty about US tariffs persists, the Bank of Japan may still need to raise interest rates decisively to address inflation risks.Gold prices fell for a third consecutive day on September 19th as traders grew more cautious about the prospect of Federal Reserve rate cuts and a stronger dollar curbed the precious metals recent gains. Gold prices are now about $70 below Wednesdays all-time high, which was driven to a record high by the Feds 25 basis point rate cut. Gold prices subsequently retreated after Fed Chairman Powells comments on the path of monetary policy were more hawkish than expected, stating that officials would take a "meeting-by-meeting" approach to further easing. Looking ahead, attacks on the Feds independence from the US government could further fuel golds gains. Governor Lisa Cook is embroiled in a legal dispute with President Trump, who sought to fire her over mortgage fraud allegations. Government economic advisor Stephen Milan, who was quickly appointed to fill a temporary vacancy at the Fed, was the only member of the board who dissented from the 25 basis point rate cut at Wednesdays meeting, favoring a 50 basis point cut instead.
