EUR/USD
1.16373
0.333%
Gold
4665.67
1.829%
Oil
58.912
-0.586%
USD/JPY
157.766
-0.194%
GBP/USD
1.34051
0.191%
GBP/JPY
211.493
-0.003%
Real-time News
January 19th - According to statistics from the Guangdong Sub-Administration of the General Administration of Customs, in 2025, Guangdongs total import and export of goods reached 9.49 trillion yuan, a year-on-year increase of 4.4%, setting a new annual record. This accounted for 20.9% of the countrys total foreign trade, an increase of 0.1 percentage points from the previous year, ranking first among all provinces and municipalities for 40 consecutive years, contributing 24.1% to the national foreign trade growth. Specifically, exports reached 6.03 trillion yuan, an increase of 2.5%; imports reached 3.46 trillion yuan, an increase of 7.8%.The Indonesian rupiah fell further to 16,945 against the US dollar, a new low since early April 2025.On January 19th, George Chevelli, portfolio manager of natural resources at Ninety One, stated that there is more reason to believe that gold prices will consolidate or rise slightly rather than fall sharply. "Golds upward momentum is strong, but its fundamentals remain solid," he said. These fundamental factors include a weaker dollar, ongoing geopolitical tensions, expectations of a Federal Reserve rate cut, and escalating concerns about fiscal deficits and continued central bank demand.Market news: A 5.1-magnitude earthquake struck Tonga.On January 19th, Capital Economics pointed out that US President Trumps threat to impose tariffs on eight European countries in an attempt to "annex" Greenland, even if implemented, would have limited economic impact but would bring more serious political and geopolitical consequences. Chief Economist Neil Schelling stated that the legal basis for such tariffs is unclear, noting that Trump has not followed through on other similar threats. Any tariffs would lead to trade diversions within the EU. The UK and Germany, the USs largest export markets, would be the most affected. A 10% tariff would reduce GDP in both countries by about 0.1%, while a 25% tariff would reduce GDP by 0.2% to 0.3%. US inflation might rise by 0.1% to 0.2%, but this could be offset by other factors. However, any annexation of Greenland could cause irreparable damage to NATO.
