EUR/USD
1.16345
0.295%
Gold
3957.40
0.693%
Oil
59.989
-0.324%
USD/JPY
152.563
-0.106%
GBP/USD
1.32161
0.163%
GBP/JPY
201.630
0.066%
Real-time News
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.October 30th, Futures News: Economies.com analysts latest view: International spot gold closed lower in the previous trading day, approaching and testing the key support level of $3950. This indicates that dominant selling pressure persists and could push prices below this support. The current market is dominated by a short-term bearish correction trend, and prices are trading below the 50-day exponential moving average, limiting the possibility of a sustained rebound in the near term. Meanwhile, the Relative Strength Index (RSI) is showing negative signals: the indicator previously formed a bearish divergence with price action, and the indicator itself is already in overbought territory. These signals reinforce the expectation that gold prices will fall further to new support levels unless prices can effectively stabilize above current levels.HSBC Hong Kong announced a 12.5 basis point cut to its prime lending rate for Hong Kong dollars, bringing it down to 5%.October 30th, Futures.com analysts latest view: WTI crude oil futures fell in the previous trading day, mainly due to a bearish divergence signal from the Relative Strength Index (RSI). This signal indicates that the market is overbought and a technical correction is needed to build momentum for a new round of gains. Despite the pullback, prices remain above the steep short-term bullish corrective trendline, confirming the solidity of the current bullish pattern and its ability to continue supporting trading. Prices are currently dynamically stabilizing above the 50-day exponential moving average, providing key support and enhancing the likelihood of a near-term recovery and retracing of lost ground—provided prices can remain stably above the aforementioned trendline support level.On October 30th, the Bank of Japan (BOJ) voted 7-2 to keep its short-term interest rate unchanged at 0.5%, with board members Hajime Takada and Naoki Tamura voting against a rate hike. The BOJs inflation expectations remained stable, while economic growth expectations rose moderately, demonstrating its patience in the face of trade and global uncertainties. In explaining their dissent, Takada stated that Japan had "moved out of deflationary norms" and had largely achieved its price stability target, while Tamura pointed out that "upside risks to prices" brought policy closer to a neutral level. However, the majority chose to remain patient, emphasizing the need for clearer confirmation that wage growth and inflation are sustainably aligned. Policymakers described exports and output as stagnant, with consumption remaining robust despite external headwinds. In its quarterly report, the BOJ stated that underlying inflation may stall in the near term amid slowing economic growth but should gradually stabilize to a level consistent with its 2% target for fiscal year 2027. The board considered economic risks to the downside, while inflation risks were broadly balanced. Uncertainty surrounding trade policy and its potential spillover effects on global prices and markets were key risks requiring vigilance.
