EUR/USD
1.19226
-0.401%
Gold
5207.23
-3.147%
Oil
64.169
-1.645%
USD/JPY
153.905
0.521%
GBP/USD
1.37505
-0.426%
GBP/JPY
211.631
0.102%
Real-time News
Japans Ministry of Economy, Trade and Industry reported that crude oil imports in Japan increased by 17.7% year-on-year in December, gasoline sales increased by 2.4% year-on-year, and refined oil product sales increased by 2.3% year-on-year.On January 30th, during Asian trading hours, long-term US Treasury bonds were sold off due to market speculation that US President Trump would nominate former Federal Reserve Governor Kevin Warsh to be the next Federal Reserve Chairman, and that he would push for a reduction in the Feds bond holdings. Several foreign media outlets have reported that Warsh met with Trump at the White House on Thursday, and the White House is preparing for Warshs nomination. Damien Boey, portfolio strategist at Wilson Asset Management in Sydney, said, "Warsh has publicly stated that he prefers lower interest rates. But his trade-off for lowering interest rates is that he wants the Fed to shrink its balance sheet." Boey pointed out that long-term bonds are particularly vulnerable to the impact of the Feds balance sheet reduction because it means that the central banks support in the money market may weaken.On January 30th, Wanma Group stated on its interactive platform that its self-developed and produced insulation layers for submarine cables and ultra-smooth semi-conductive shielding materials for submarine cables have been successfully applied to several major domestic and international submarine cable transmission projects. In the future, the company will continue to rely on its core technologies to promote the localization of high-voltage submarine cable materials and enhance product competitiveness.On January 30th, analysts stated that gold and silver prices fell due to news that Kevin Warsh would be nominated by Trump as the next Federal Reserve Chairman. An analyst from a Malaysian bank stated in a foreign exchange research and strategy report, "Warsh has long been a critic of extremely loose monetary policy and has served as a Federal Reserve governor; therefore, the market may be pricing in the potential impact of his appointment on the future policy path."On January 30th, Nomura Securities analysts CW Chung and Eon Hwang stated in a report that SK Hynixs first-quarter earnings may be stronger due to a larger-than-expected increase in memory chip prices. The analysts raised their quarterly operating profit forecast for the South Korean chipmaker from 21 trillion won to 29 trillion won. The report stated that DRAM and NAND memory product prices are expected to increase by 56% and 40% quarter-on-quarter, respectively, faster than Nomuras previous forecasts of 23% and 20%. Nomura raised its target price for SK Hynix by 42% to 1.25 million won and maintained its buy rating. SK Hynix shares recently rose 4.5% to 900,000 won.
