EUR/USD
1.15187
-0.019%
Gold
4144.81
0.245%
Oil
58.529
-0.496%
USD/JPY
156.763
-0.094%
GBP/USD
1.31020
-0.014%
GBP/JPY
205.396
-0.099%
Real-time News
On November 25th, Morgan Stanley strategists stated that if the Federal Reserve continues to cut interest rates amid increasing signs of a slowdown in the US economy, the yen could appreciate by nearly 10% against the dollar in the coming months. Strategists, including Matthew Hornbach, wrote that USD/JPY is currently detached from its fair value, and if this relationship returns, the USD/JPY exchange rate will fall in the first quarter of 2026 as falling US Treasury yields could depress the fair value. They noted that "at the same time, Japans fiscal policy is not particularly expansionary," and expect the yen to face downward pressure again as the US economy recovers in the second half of next year and demand for carry trades picks up. Morgan Stanley projects USD/JPY will fall to around 140 in the first quarter of 2026, before recovering to around 147 by the end of the year.On November 25th, Futures News reported that crude oil prices have been trending weakly recently. The main negative factor stems from the acceptance by Ukraine of the US-proposed peace plan between Russia and Ukraine. The market anticipates that a European countrys successful later negotiations will ease oil supply, thus negatively impacting the oil market from a fundamental perspective. Zhuochuang Information predicts that the Russia-Ukraine peace talks are currently in a crucial stage, with Europe revising the final version of the peace agreement after its participation. Furthermore, with the resumption of some economic data releases, expectations for a December rate cut by the Federal Reserve are gradually increasing. These factors have contributed to the continued wide fluctuations in oil prices.The Federation of Automobile Manufacturers of Thailand: Thailands automobile production in October increased by 14.17% year-on-year (compared to 4.77% in September).On November 25th, BOCOM International issued a report stating that Minisos (09896.HK) third-quarter results were largely in line with expectations. The report believes the current trend is consistent with the full-year guidance, and the group is deepening its IP matrix and large-store strategy to further drive same-store sales recovery and strengthen growth resilience. Therefore, the target price of HK$48.7 and a "Buy" rating are maintained. The report indicates that Minisos mainland China business saw strong same-store sales recovery, with store optimization proving effective. Overseas business growth slowed slightly, but direct-operated profitability improved. Furthermore, TOPTOYs third-quarter revenue increased by 111% year-on-year to RMB 570 million, with its proprietary IP rapidly expanding and same-store sales achieving mid-single-digit growth.On November 25th, local time, the governor of Oregon declared a state of emergency on November 24th to ensure sufficient fuel supplies to the state during the shutdown of the Olympic Pipeline, which supplies more than 90% of the states fuel, due to a leak. The state of emergency, ordered by Governor Tina Koteke, is to ensure adequate fuel delivery to the state by ship and truck. The Olympic Pipeline, operated by BP, runs from Washington state to Oregon. It has been closed for a week since the leak was first reported earlier this month and intermittent shutdowns occurred. BP stated in a statement that its staff are searching for the source of the leak.
