Sydney：12/24 22:26:56

Tokyo：12/24 22:26:56

Hong Kong：12/24 22:26:56

Singapore：12/24 22:26:56

Dubai：12/24 22:26:56

London：12/24 22:26:56

New York：12/24 22:26:56

2025-12-17 Wednesday

2025-12-20

21:30:05

Canadian investors net purchased overseas securities in October

Previous : 221.20 Forecast : -

Published Value -115.80

Previous

21:30:04

In October, overseas investors net purchased Canadian securities

Previous : 313.20 Forecast : -

Published Value 466.20

Previous

21:01:22

[The US Economy Hangs by a Thread: A Stagnant Job Market and the Hidden Dangers of Tariff Costs and Consumer Disconnection] ⑴ The current US economy presents a fragile balance. Despite widespread market concerns at the beginning of the year that Trump's tariff rhetoric would trigger a recession, real GDP is still projected to grow by 1.9% this year, and the unemployment rate is only rising slowly. ⑵ This "balance" largely benefits from the government's withdrawal or postponement of some stringent measures, but the average 17% goods-related tariff rate still constitutes a persistent burden, with more businesses passing on the costs to consumers. ⑶ The labor market appears stable on the surface, but in reality, it is trapped in a stagnant state of "no hiring, no layoffs, no departures," with the turnover rate falling to extremely low levels, which masks deep-seated structural problems. ⑷ Significant divergence has emerged within the economy: high-income groups continue to consume and maintain confidence, while middle- and low-income consumers have reduced spending, and wage growth for low-income earners has stagnated faster, while the housing market remains sluggish. ⑸ Investment in artificial intelligence infrastructure is one of the few bright spots, partially offsetting the weakness in other areas. However, if tariffs continue to erode profits, or if AI investment slows down, the current fragile balance could be broken, slid the economy in a direction predicted by pessimism.

20:56:27

[Caixin Futures: Agricultural Products Sector Generally Under Pressure, Edible Oils Hit New Lows] ⑴ The edible oil sector declined overall today. A bullish reversal opportunity for palm oil requires attention to three key signals: first, Indonesian palm oil prices have stabilized and rebounded, indicating a gradual easing of local market pressure; second, Malaysian palm oil production has declined more than expected, signifying easing supply-side pressure; and third, the technical indicators for Malaysian palm oil are showing a renewed upward trend. Otherwise, it is not advisable to buy on dips too early. ⑵ Regarding soybean oil, the current destocking speed has not met market expectations. Supported by forward crushing margins, the soybean oil 05 contract is likely to fluctuate with raw material costs, making a clear rebound unlikely. In the spot market, the pre-holiday bulk oil purchasing window for vegetable oil brands is nearing its end, and spot prices have generally weakened. ⑶ Among them, the spot price of 24-degree palm oil in Guangzhou is 8390 yuan/ton, down 40 yuan/ton from yesterday; the spot price of soybean oil is 8370 yuan/ton, down 20 yuan/ton; and the spot price of rapeseed oil in Jiangsu is 9260 yuan/ton, down 140 yuan/ton. (4) Soybean meal futures have been fluctuating recently. US soybean prices have gradually returned to rationality from previous optimistic export expectations, leading to a pullback. Domestic soybean meal prices are generally bearish in the medium term due to lower import costs and ongoing domestic pressure. Recently, tightened customs policies have delayed the arrival of some imported soybeans, causing domestic soybean meal prices to stabilize. Short-term, it is recommended to focus on shorting on rallies. (5) Corn futures have been declining recently, and farmers' reluctance to sell has weakened, leading to increased selling activity. However, northern port inventories remain low compared to the same period last year, and the logic of short-term restocking demand driving a stronger corn spot market remains. It is recommended to wait for a pullback and then focus on buying on dips. Continued monitoring of farmers' selling sentiment is necessary. (6) With the winter solstice approaching, the peak season for cured meat demand is approaching, leading to a stronger spot market. Coupled with news of swine disease in northern China, spot prices have rebounded. However, the long-term supply situation remains loose. It is recommended to consider shorting the March hog contract on rallies, paying attention to the slaughtering pace and the peak demand during the winter solstice. (7) Egg spot prices have been mainly fluctuating within a range recently. Although the egg 01 contract is a peak season contract, it is still maintaining a high premium and its valuation is relatively high. It is recommended to consider shorting when appropriate, but it is necessary to continue to pay attention to the impact of changes in feed costs such as corn and soybean meal on egg prices.

20:55:36

[Caixin Futures: Energy and Chemical Sector Under Pressure, Most Commodities Expected to Weaken] ⑴ Geopolitically, the EU's involvement in the Ukraine issue and progress in Russia-Ukraine negotiations have not yielded significant direct results, and a short-term end to the conflict is unlikely. Meanwhile, a complete blockade of all sanctioned oil tankers entering and leaving Venezuela has been ordered, perpetuating geopolitical risks. However, global land and sea inventories remain high, downstream refined oil demand is weak, and inventories have risen beyond seasonal norms, suggesting crude oil prices will likely fluctuate weakly. ⑵ The recent geopolitical situation has become more complex. While Russia-Ukraine peace talks continue, a short-term outcome is unlikely, increasing the probability of military action. However, due to weakening downstream demand, fuel oil prices are expected to follow suit with a weak trend. Considering geopolitical risks, a long asphalt and short fuel oil hedging strategy could be considered. ⑶ Losses in the float glass industry are worsening, with increased expectations of cold repairs and production conversions. However, the market is concerned that a premature rebound in prices could lead to delays or cancellations of cold repair plans, and with large midstream inventories, both spot and futures prices have fallen again. Overall, demand for completed real estate projects has fallen sharply, and glass demand has weakened significantly year-on-year. The "low valuation and weak driver" are evident, and prices are expected to fluctuate weakly at low levels. (4) If the year-end cold repair plans are gradually implemented, the downside for glass prices will be limited. The Alashan Phase II project has been ignited, and new production lines will also be ignited, further highlighting the supply and demand pressure on soda ash. On Monday, the total inventory of domestic soda ash manufacturers increased by 38,700 tons compared to last Thursday, a rise of 2.59%. (5) Today, the soda ash operating rate is 82.05%. Futures and spot basis quotes show: Hebei warehouse delivery 01 contract premium of 20 points, Shahe delivery premium of 10 to 20 points, and Henan plant premium of 20 points. Overall, with increased maintenance at major plants in December, soda ash can basically achieve supply and demand balance supported by low operating rates. (6) However, the market is still suppressed by declining costs, expectations of supply recovery, and overcapacity. Strategically, short selling on rallies is advisable. On December 17th, Shandong liquid soda ash prices remained stable in some areas, with individual companies making slight price adjustments due to their own sales situations. After a period of destocking, some companies have begun to rebound at low prices. (7) However, caustic soda remains in a state of high supply and high inventory, and with the continued decline in alumina prices and the strengthening of expectations for production cuts, non-aluminum demand is in the off-season. Caustic soda prices may continue to fluctuate weakly at low levels, and the strategy can be to short sell on rallies. (8) Today, the spot price in Taicang is 2130 yuan, up 27 yuan; the price in the northern part of Inner Mongolia is 1942.5 yuan, down 12.5 yuan from the previous week. The methanol market fluctuated narrowly today, with average transaction volume in enterprise auctions. The basis of the methanol market at ports was relatively strong, and the port inventory decreased by 15,600 tons this week. (9) Due to the continuous realization of the Iranian gas restriction factor, there is a risk of reduced imports in the far month. The judgment of near-term weakness and far-term strength is maintained, and the room for further decline in the 05 contract may be limited. In the short term, the methanol market is expected to continue to be stable, and the price fluctuation range will narrow.

20:54:16

[Caixin Futures: Non-ferrous Metals Market Shows Volatility and Divergence, Focus on Macroeconomic Factors and Supply-Demand Game] ⑴ On the macro front, US November non-farm payroll data met expectations, but the unemployment rate climbed to a new high since September 2021. Market expectations of interest rate cuts and recessionary events continue to clash, resulting in a generally volatile but slightly bullish trend for copper prices. On the fundamental front, according to industry sources, effective market supply is ample, and holders are actively selling, but their willingness to sell is expected to weaken after delivery. The strategy is to primarily buy on dips. ⑵ In the zinc market, the macroeconomic background is similar to that of the copper market. On the fundamental front, zinc concentrate processing fees continue to decline, smelter profits are affected, reducing their willingness to produce. Domestic zinc ingot inventories continue to decrease, providing support on the supply side, leading to a short-term price bullish trend. In the long term, with increased supply and stable demand, the zinc supply-demand balance tends to have a surplus. The realization of the current surplus expectation depends on further transmission from the mining end to the smelting end, limiting the long-term upside potential for zinc prices. ⑶ Precious metals generally show a bullish trend. In the long term, precious metal prices remain supported, and the strategy is to buy on dips. Given the recent sharp price fluctuations, investors should exercise caution and avoid chasing highs and selling lows. (4) Alumina prices have rebounded recently, but the fundamentals remain in a state of oversupply. Some high-cost enterprises are already facing losses, but there has been no large-scale production cut, and inventories are still accumulating. Furthermore, approximately 9 million tons of domestic capacity is expected to come online in 2026, making it difficult to improve the overall oversupply situation. (5) The alumina market is unlikely to see a trend reversal in the short term; short-term participation in a rebound-selling strategy is advisable. Future attention should be paid to whether production enterprises will reduce production due to losses, and to guard against unexpected shocks from the supply side. (6) Market sentiment has cooled somewhat on the macro front, and Shanghai aluminum has seen a certain pullback. The fundamentals show stable supply, gradually weakening demand, and continued inventory accumulation, offering limited support for prices. (7) However, given the generally bullish domestic and international macro environment, coupled with expectations of tightening overseas supply, the medium- to long-term upward trend for Shanghai aluminum and cast aluminum remains unchanged. Investors can look for opportunities to buy on dips after the market stabilizes following the pullback. The future trend of domestic demand and inventory should be monitored. (8) The Yichun Natural Resources Bureau issued a public notice regarding the cancellation of 27 mining rights. Although the mining projects involved have all expired and have no substantial impact on supply, this move has triggered market concerns about lithium resource supply, leading to a significant surge in lithium carbonate futures today, forming a strong breakout. (9) In the short term, supported by delayed resumption of production, market supply concerns, and positive demand expectations, lithium carbonate futures may maintain a slightly upward trend. However, caution is advised regarding the risk of a pullback after a sharp rise. The strategy should focus on buying on dips. (10) In the medium to long term, lithium carbonate is expected to maintain a balance between supply and demand in 2026, with a slight increase in the price center. Subsequent monitoring should focus on the progress of project resumption, the follow-up developments of mine shutdowns, and the pace of changes in lithium carbonate production and inventory.

20:52:46

[Caixin Futures: Ferrous Metals Market Faces Mixed Signals, Short-Term Volatility Likely to Continue] ⑴ Pig iron production continues to decline, easing the pressure of high steel inventory. However, weak demand expectations and the potential for steel mills to resume production after the holiday exacerbate the supply-demand imbalance, limiting the upward potential of steel prices. Considering the approaching window for winter stockpiling of raw materials, short-term steel futures prices are expected to mainly follow the fluctuations in raw material prices. ⑵ The rebar 05 contract is likely to fluctuate between 3065 and 3110. In terms of capital structure, the top 20 positions in rebar and hot-rolled coil 05 contracts have not changed significantly, and subsequent capital movements warrant attention. Overall, the supply and demand drivers in the steel market are relatively limited, and short-term trends will be more anchored to cost changes, with both upward and downward potential expected to be limited. ⑶ Operationally, it is recommended to focus on tracking the actual pace and intensity of winter stockpiling of raw materials. From the perspective of actual supply and demand, pig iron production continues to decline, and port inventories have accumulated to an absolute high, limiting the upward potential of iron ore. ⑷ In terms of expectations, steel mills' imported iron ore inventories are already at a relatively low level in recent years, and with the approaching window for winter stockpiling, the expectation of price support at the bottom is gradually strengthening. In the short term, the iron ore 05 contract is expected to fluctuate between 745 and 775 yuan. (5) Fund structure data shows that both long and short positions increased among the top 20 holders, with a more significant increase in short positions, indicating a slightly bearish bias in open interest. Overall, the iron ore market faces both real pressure and expected support, lacking a clear unilateral driver in the short term, and the oscillating pattern is likely to continue. (6) Customs clearance volume at the Ganqimaodu port reached a new high, while supply at some domestic coal mines is contracting due to the completion of annual production targets and the shift in working faces. On the demand side, although downstream procurement has rebounded somewhat, large-scale concentrated restocking will still take time. (7) In terms of funds, the top 20 holders of the coking coal 05 contract mainly reduced long positions, indicating a cooling of bullish sentiment. Overall, spot prices are mixed, and the window for concentrated winter stockpiling still needs to be awaited. Strategically, a short-term buying approach on dips can be maintained, while paying attention to subsequent changes in fund flows. (8) Environmental protection-related production restrictions in Shanxi, Henan, and other regions have caused some disruption to coke production and supply, but profit per ton of coke remains acceptable, and most coke plants are maintaining stable operations. On the demand side, affected by the continued decline in pig iron production, steel mills' demand for coke is weak, and coke plant inventories are gradually accumulating. The third round of price reductions for spot coke is expected to be implemented this week. (9) From a valuation perspective, the current coke 01 contract price already reflects expectations of about five rounds of price reductions, while the spot market generally expects only about three rounds. The futures market has largely reflected the pessimistic expectations for the spot market, and the valuation has entered a relatively low range. Overall, the coke market is in a game between low valuation and weak drivers. (10) The coke 01 contract has shown resilience due to its low valuation, outperforming the 05 contract. Short-term trends are expected to continue to fluctuate with coking coal; close attention should be paid to changes in steel mill procurement schedules. The manganese silicon market is showing a pattern of increased supply and decreased demand.

20:45:41

[Spot Gold Technical Analysis] Gold prices have completed their correction after the previous pullback and recently rose to around $4,300. On the daily chart, the low was at $3,886.51, followed by a trend reversal, forming a clear support zone around $4,200.00. Recent upward pressure is concentrated around the horizontal resistance zone near $4,340, with previous highs at $4,353.36 and $4,381.29, indicating repeated trading and attempts to break higher at these levels. Structurally, $4,200.00 is more like a "cost line" where bulls and bears diverge, while the area above $4,340 is closer to a "sentiment line." The movement between these two levels will determine whether short-term fluctuations are a continuation of the trend or range-bound trading. In terms of technical indicators, the MACD shows DIFF at approximately 60.33, DEA at approximately 53.37, and the histogram at approximately 13.90, all still above the zero line and maintaining positive values, indicating that the medium-term momentum has not weakened significantly. However, the changes in the height and slope of the histogram also suggest that the expansion of momentum is not linear, and the market is more likely to exhibit a rhythm of "upward movement accompanied by pullbacks." The RSI is approximately 70.24, a common high threshold, meaning that while short-term buying power is strong, it also indicates that the price is more sensitive to positive information: when the indicator is in a hot zone, any macroeconomic signal that is inconsistent with expectations is more likely to trigger profit-taking fluctuations, but this does not automatically equate to a trend reversal, but rather reflects an increase in volatility. Combining pattern observation, the current daily chart is closer to the characteristics of "expanding volatility in an upward trend": the price is accompanied by larger amplitudes during the rise, reflecting both the bulls' willingness to continue at higher levels and the bears' more active defense near key resistance levels. The area around $4200.00 corresponds to trend support and willingness to buy, while the area around $4340 to $4380 corresponds to high-level supply and crowded sentiment.

20:00:04

The MBA Mortgage purchase Index for the week ending December 12 in the United States

Previous : 181.60 Forecast : -

Published Value 176.50

Previous

20:00:03

The MBA Mortgage Refinancing Activity Index for the week ending December 12 in the United States

Previous : 1190.60 Forecast : -

Published Value 1148.30

Previous

20:00:03

The MBA Mortgage application Activity index in the United States for the week ending December 12

Previous : 327.90 Forecast : -

Published Value 315.60

Previous

20:00:03

The U.S. MBA mortgage application Activity index for the week ending December 12 week-on-week

Previous : 4.80% Forecast : -

Published Value -3.80%

Previous

20:00:02

The 30-year fixed mortgage rate of the US MBA for the week ending December 12

Previous : 6.33% Forecast : -

Published Value 6.38%

Previous
First
Previous
11
12
13
14
15
16
17
18
19
20
...
50
Next

Broker Rankings

Under Regulation

ATFX

Regulated by the UK FCA | Full license plate MM | Global business coverage

Overall Rating 88.9
Under Regulation

FxPro

Regulated by the UK FCA | NDD is executed without trader intervention | More than 20 years of history

Overall Rating 88.8
Under Regulation

FXTM

The stock owner's currency pair has a zero spread | "3000 times leverage" | Trade US stocks at zero commission

Overall Rating 88.6
Under Regulation

AvaTrade

More than 18 years | Nine levels of supervision | An established European broker

Overall Rating 88.4
Under Regulation

EBC

The EBC Million Dollar Contest | Regulated by the UK FCA | Open an FCA clearing account

Overall Rating 88.2
Under Regulation

Jufeng Bullion

More than 10 years | License of the Gold and Silver Exchange | New customers receive a bonus

Overall Rating 88.0

Real-Time Popular Commodities

Instrument Current Price Change

XAU

 4338.44

5.83

(0.13%)

XAG

 67.154

1.692

(2.58%)

CONC

 56.57

0.57

(1.02%)

OILC

 60.49

0.77

(1.29%)

USD

 98.693

0.253

(0.26%)

EURUSD

 1.1713

-0.0009

(-0.08%)

GBPUSD

 1.3377

-0.0002

(-0.02%)

USDCNH

 7.0335

0.0022

(0.03%)
Risk Disclosure
Trading stocks, currencies, commodities, futures, bonds, funds or cryptocurrencies involves significant risks. These risks include the loss of part or all of your investment capital, so trading is not suitable for all investors. Before making any financial decision, you should conduct your own due diligence, use your own judgment, and consult a qualified advisor. The content on this website is not specifically directed at you, nor have we considered your financial situation or needs. Information provided on this site may not be real-time or accurate. Prices shown on this website may be provided by market makers rather than exchanges. You are solely responsible for any trades or financial decisions made based on the information from this site, and you must not rely on such information. We make no guarantees regarding any information on the website and assume no responsibility for any trading losses caused by the use of this information. Use, storage, copying, display, modification, dissemination or distribution of the data contained on this site is prohibited without prior written permission. All intellectual property rights in the data provided on this site are reserved by the respective data providers and exchanges.

TURBOFIN TECHNOLOGIES PTY LTD Copyright © 2025 FXBus Ltd