EUR/USD
1.18526
-0.986%
Gold
4847.62
-9.836%
Oil
65.488
0.377%
USD/JPY
154.755
1.076%
GBP/USD
1.36826
-0.917%
GBP/JPY
211.750
0.158%
Real-time News
On January 31st, at the Fourth Session of the 14th Heilongjiang Provincial Peoples Congress, which opened on January 31st, expanding domestic demand and promoting consumption were once again key tasks in the government work report. In 2026, Heilongjiang Province will hold over 2,000 consumption-promoting activities, including "Shopping in Heilongjiang," and distribute over 800 million yuan in government consumption vouchers. In 2025, Heilongjiang Province launched a special campaign to boost consumption, expanding the scope of the trade-in program for old consumer goods and organizing a series of consumption-promoting activities, stimulating consumption by 72.84 billion yuan. The province also stimulated potential consumption such as first-launch economy and live-streaming e-commerce, establishing 15 new internationally and domestically renowned flagship stores, and achieving a 14.7% year-on-year increase in online retail sales. The investment structure continued to optimize, with investment in high-tech manufacturing increasing by 11.5% year-on-year, and the proportion of private investment increasing by 2.2 percentage points.January 31st - To effectively curb the sources of cybercrime, rectify the cybercrime ecosystem, and enhance the publics sense of security and satisfaction with cybersecurity, the Ministry of Public Security, after thorough research and demonstration, has drafted the "Cybercrime Prevention and Control Law (Draft for Public Comment)," and is now soliciting public opinions. The deadline for feedback is March 2nd, 2026.January 31st - According to Lighthouse Pro, as of 9 PM on January 31st, the total box office for January 2026 reached 1.961 billion yuan, with "Zootopia 2" holding the top spot for the third consecutive month.On January 31, the "Implementation Plan of Beijing Economic-Technological Development Area on Further Accelerating the Construction of a City of Artificial Intelligence (2026-2027)" was released. The Implementation Plan systematically outlines the development goals for the Beijing Economic-Technological Development Areas city of artificial intelligence over the next two years, proposing to accelerate the construction of a city-level engineering experimental platform driven by data and scenarios, and to promote the application of artificial intelligence in various industries and households. The Implementation Plan specifies that by the end of 2027, the focus will be on building no fewer than 10 benchmark intelligent scenario complexes, promoting the application of 100 vertical models, constructing a number of high-quality industry datasets, gathering 1,000 core enterprises in the artificial intelligence industry chain, attracting 10,000 super individuals and independent developers, and significantly enhancing the scale and level of the core industries of the intelligent economy.On January 31st, Seth R. Freeman, Senior Managing Director of GlassRatner Consulting & Capital Group, pointed out that one of the primary tasks of Warsh, the newly nominated Federal Reserve Chair, will be rebuilding credibility in global markets. This is particularly important against the backdrop of strained relations between Trump and Powell over the past few months. Freeman also stated that Warsh is the best candidate, given his long experience in government. However, the best news is that we no longer have to deal with the uncertainty and market turmoil caused by Trumps constant pressure on the Fed Chair, which is good for everyone. Furthermore, he noted that the sharp drop in gold and the even more dramatic decline in silver indicate that the market is facing a stronger dollar and a different environment, especially for silver. Given this nomination, it would be unsurprising if metal prices do not rebound significantly. And given Warshs hawkish leanings, traders heavily invested in precious metals may face losses, especially those with unhedged or short positions. Some traders may find themselves in serious trouble next Monday, at least those who did not take a neutral stance or short precious metals.
