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2026-09-18 Friday

2026-09-22

09:17:12

[Jensen Huang: Nvidia's chip sales will double next year as AI demand spreads across all industries] (1) Nvidia CEO Jensen Huang said on Thursday that the company's chip sales will double next year. (2) This is Nvidia's latest forecast, pointing to continued strong growth over the next six quarters; shortly before, the company disclosed that it expects to achieve 70% growth in the fiscal year ending January 2028, reaching approximately $673 billion, driving analysts' expectations to soar. (3) Huang told the media at a summit in Scotland with King Charles III: "I expect Nvidia to sell twice as many chips next year as this year. The reason is that AI is making huge contributions to all industries and economies, and we can see this in almost every country where we do business. People want to invest in AI." (4) Nvidia does not disclose total chip sales. Its most well-known products are data center GPUs, such as Blackwell and Rubin chips; last fall, Huang said that Nvidia shipped 6 million Blackwell GPUs in four quarters. (5) In addition to GPUs, Nvidia manufactures a variety of semiconductors, including CPUs, switching chips, optical network chips, laptop chips, Jetson chips for robots and automobiles, and chips used in the Nintendo Switch 2 game console. (6) Jensen Huang discussed AI security in the UK, with representatives from Google DeepMind, OpenAI, and Anthropic also attending the summit. He has spoken on this topic several times in recent weeks. Public discussion about the risks to humanity has intensified after AI researchers warned that humans can no longer control the most advanced artificial intelligence. Huang said, “When a product is not safe, we should postpone its release and continue to engineer it.”

09:14:25

[JPMorgan Chase: Oil Market Outlook Unpredictable, Demand Shrinkage Temporarily Restrains Price Gains] 1. JPMorgan Chase stated on Thursday that for the first time since the start of the US-Israel war in Iraq, it was unable to make a clear baseline judgment on the oil market. Analysts said, "We simply don't know how to predict the ultimate outcome of this conflict." The bank noted that oil prices have risen above $100 per barrel, with US gasoline prices reaching $4.37 per gallon and diesel prices hitting a record high of $6.31 per gallon, while inventories are at historically low levels. 2. JPMorgan Chase estimates that the fair value of Brent crude in September is approximately $90 per barrel, while the current price is close to $104, indicating that the market is priced in the risk of supply disruptions expanding further from the currently estimated 10 million barrels per day. Risks in the Middle East are also escalating, including threats to shipping in the Bab el-Mandeb Strait and recent attacks affecting Saudi export routes. 3. However, despite the significant scale of supply disruptions, oil price increases have not been as dramatic as expected. Since the outbreak of the conflict, global crude oil and refined product inventories have decreased by approximately 555 million barrels, only about one-third of the decline previously predicted by JPMorgan Chase; global oil demand is about 4.4 million barrels per day lower than the same period last year. JPMorgan Chase stated that the market is relying more on shrinking demand than depleting inventories to absorb supply disruptions, thus the average price of Brent crude since the conflict has been only $94 per barrel. 4. The International Energy Agency stated last week that the decline in global oil supply and demand this year may both exceed previous expectations. In contrast, OPEC, despite lowering its forecast for the fifth consecutive month, still expects global oil demand to grow by 380,000 barrels per day in 2026. 5. JPMorgan Chase stated that China, Europe, Japan, and South Korea still have large inventories available, which can provide a buffer against prolonged supply disruptions. However, if Middle East supply disruptions persist, oil prices may rise later this year as inventories further decline and the market increasingly relies on shrinking demand to maintain balance. The bank concluded: "There is still enough 'ammunition' to curb rising oil prices, at least for now."

09:06:37

[Ten Departments: Accelerate the Application of New Technologies such as Artificial Intelligence and Quantum Computing in Drug Development, Explore New Models of Pharmaceutical and Medical Device Production such as Ultra-Restricted Manufacturing and Space Pharmaceuticals] The Ministry of Industry and Information Technology, the National Development and Reform Commission, and eight other departments jointly released the "15th Five-Year Plan for the Development of the Pharmaceutical Industry" today. The plan proposes to accelerate the deployment of cutting-edge technologies and products. It emphasizes strengthening interdisciplinary integration and the supply of cutting-edge technologies, supporting joint research efforts among pharmaceutical companies, universities, research institutes, and medical institutions. The plan calls for accelerating the application of new technologies such as artificial intelligence, quantum computing, supercomputing, and computational medicine in drug development, exploring new models of pharmaceutical and medical device production such as ultra-restricted manufacturing, space pharmaceuticals, and biomanufacturing, deepening the application of cutting-edge technologies such as gene editing, molecular precision delivery, cell programming and regulation, advanced omics, and next-generation brain-computer interfaces, and achieving breakthroughs in key technologies such as artificial life system synthesis, organoids and organ-on-a-chip, universal cell therapy, complex regenerative organs, integrated radiopharmaceuticals, and xenotransplantation organs, cultivating several new growth points. (Ministry of Industry and Information Technology)

09:04:05

[Bank of Japan Expected to Raise Rates; Ueda's Press Conference a Key Window for Policy Signals] 1. The Bank of Japan (BOJ) is expected to raise its policy rate from 1% to 1.25% on Friday, reaching its highest level in 31 years. This would be the first rate hike in three months, bringing the rate into the BOJ's estimated neutral range of 1.1% to 2.5%, marking a further step away from Japan's decades-long ultra-low interest rate policy. The policy decision will be announced around 11:00 AM Beijing time, and Governor Kazuo Ueda will hold a press conference at 6:30 AM. 2. The Federal Reserve's rate hike on Wednesday and its potential further tightening of policy this year have put pressure on the BOJ to follow suit. A further widening of the US-Japan interest rate differential could lead to a depreciation of the yen, increased import costs, and exacerbated inflation. Kansai Mirai Bank strategists point out that the pressure on the BOJ has significantly increased, and Ueda's communication challenges at the press conference have also risen accordingly. 3. The market will closely watch Ueda's statements for clues about the timing and pace of future rate hikes. Analysts expect that council member Toichiro Asada, who voted against the rate hike in June, may again raise his objections. Since ending its decade-long easing policy in 2024, the Bank of Japan has raised interest rates approximately twice a year, a pace critics argue is too slow and is one reason for the yen's continued weakness. 4. Even with this rate hike, Japan's policy rate remains lower than that of major global central banks—the European Central Bank raised its key rate to 2.5% last week, and the Federal Reserve recently raised rates to 3.75%-4.00%. US Treasury Secretary Bessenter previously stated that during his meeting with Ueda at the G20 summit, he strongly supported decisive monetary policy measures to address the yen's depreciation. 5. Surveys show analysts expect the Bank of Japan to raise rates to 1.25% this month, to 1.5% by the end of March next year, and then to 1.75% in the second quarter of 2027. Most analysts believe the final rate will reach at least 1.75%.

09:01:36

【Citi: The weakness of the Korean won may be temporary, and it is expected to rebound against the US dollar before the end of the year】 (1) A Citi trader said that the recent weakness of the Korean won may only be a temporary phenomenon, driven by the South Korean chip industry's economic growth, and the Korean won is expected to rebound against the US dollar before the end of the year. (2) Lee Sanghun, head of Citi's Korea trading, said in an interview on Wednesday evening that the Korean won is at risk of falling below 1,400 won per US dollar in the short term due to external factors such as the hawkish stance of the Federal Reserve and inflation concerns caused by rising oil prices. (3) However, he believes that the Korean won will not remain so weak for a long time, so it will be a good time to sell the US dollar and buy the Korean won when the exchange rate is around 1,400 won per US dollar. (4) The Korean won had previously experienced a two-month rise and became the best-performing currency in Asia; however, on Thursday, the Korean won fell for the fourth consecutive trading day, hitting a low of 1,388.25 won per US dollar. (5) The hawkish policy of the Federal Reserve has suppressed the Korean won, and the widening of the US-Korea interest rate differential due to US interest rate hikes may weaken the attractiveness of South Korean domestic assets. (6) On Friday morning, the Korean won opened steadily, with the exchange rate remaining around 1381.00 won per US dollar.

07:58:58

Japan's seasonally adjusted CPI reading for August, excluding food and energy.

Previous : 112.60 Forecast : -

Published Value 102.30

Previous

07:34:03

Japan's August nationwide core-core CPI month-on-month rate

Previous : 0.30% Forecast : -

Published Value 0.50%

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07:34:03

Japan's August CPI (excluding food and energy) year-on-year rate

Previous : 1.90% Forecast : -

Published Value 1.70%

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07:34:02

Japan's nationwide CPI monthly rate in August

Previous : 0.40% Forecast : -

Published Value 0.10%

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07:34:01

Japan's August unadjusted CPI reading

Previous : 102 Forecast : -

Published Value 102.20

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07:31:50

Japan's August CPI reading excluding fresh food

Previous : 113.60 Forecast : -

Published Value 102

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07:30:15

Japan’s annual national CPI rate in August

Previous : 1.90% Forecast : 2%

US Dollar
Japanese Yen

Published Value 1.90%

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07:30:00

Japan's August national core CPI year-on-year rate

Previous : 1.80% Forecast : 1.80%

US Dollar
Japanese Yen

Published Value 1.70%

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07:30:00

Japan's August national core-core CPI year-on-year rate

Previous : 1.80% Forecast : 1.80%

Published Value 1.90%

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06:52:12

New Zealand's 12-month trade balance for August (NZ$ billion)

Previous : -52.40 Forecast : -

Published Value -54.40

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06:51:12

New Zealand August food price index month-on-month

Previous : 0.10 Forecast : -

Published Value 0.30

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06:50:44

New Zealand August Food Price Index (Year-on-Year)

Previous : 1.90 Forecast : -

Published Value 1.90

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06:50:11

New Zealand's August exports (NZ$ billion)

Previous : 73.90 Forecast : -

Published Value 66.60

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06:50:11

New Zealand's imports in August (NZ$ billion)

Previous : 93.40 Forecast : -

Published Value 80

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06:49:37

New Zealand's August trade balance (NZ$ billion)

Previous : -19.49 Forecast : -

Published Value -13.49

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06:24:13

[Iran Stances Tough: Reopening of Strait of Hormuz Requires Trump and Netanyahu's Resignation] 1. Iran has once again escalated tensions with the United States and Israel, directly linking the reopening of the Strait of Hormuz to the resignation of Trump and Netanyahu. This warning from Mohammad Bagher Zorchader, political advisor to Iran's Supreme Leader, comes as regional tensions continue to rise and the passage of this strategic sea route is severely restricted. 2. Zorchader made these remarks in a statement commemorating 200 days of continuous protests by the Iranian people, describing the period as a phase of resistance and determination, and emphasizing that the struggle will continue to defend the nation's survival, identity, independence, and aspirations. The most emphasized part of his statement warned: “Unless the criminal Trump and the bloodthirsty Netanyahu step down, our warriors will never reopen the Strait of Hormuz. This is the first phase of the Iranian people’s revenge.” 3. The advisor mentioned the Iranian people killed in the attacks during the conflict, including civilians and soldiers, specifically mentioning the children killed in Minabu, the teenagers killed in Ramerd, the soldiers killed in Banpur, and the crew of the warship “Dina.” He stated that Iran seeks revenge for the deaths caused by these attacks and will continue to close the Strait of Hormuz as the first phase of its response. This move increases pressure on this vital passage to international energy markets. 4. The Strait of Hormuz connects the Persian Gulf and the Gulf of Oman and is one of the world’s main routes for oil and gas transport. Trade volumes have dropped sharply in recent days, with preliminary maritime tracking data showing only three merchant ships passing through the strait on Wednesday. Iran claims to have attacked 10 ships and continues to tighten navigation restrictions in the region in an attempt to enhance its pressure-making capabilities in the conflict. 5. The escalation of the military conflict has also affected US facilities in Jordan. The US previously attacked five Iranian oil tankers, after which Iran attacked the Mowafak Salti airbase, damaging several US aircraft. According to CBS News, approximately eight F-15 fighter jets were returned to service with minor damage, while one A-10 attack aircraft was hit, sustaining significant damage to one wing. No US personnel were reportedly injured in the operation.

06:13:59

US SPDR Gold Holdings Changes - Daily (tons) - September 17

Previous : 1.71 Forecast : -

Published Value 0.85

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06:13:58

US SPDR Gold Holdings - Daily Update (tons) - September 17

Previous : 1051.99 Forecast : -

Published Value 1052.84

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06:13:13

US iShares Silver Holdings Changes - Daily (tons) - September 17

Previous : -39.33 Forecast : -

Published Value 0

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06:13:12

US iShares Silver Holdings - Daily Update (tons) - September 17

Previous : 15226.98 Forecast : -

Published Value 15226.98

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06:12:57

US iShares Gold Holdings Changes - Daily (tons) - September 17

Previous : 0 Forecast : -

Published Value 0.47

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06:12:56

US iShares Gold Holdings - Daily Update (tons) - September 17

Previous : 464.20 Forecast : -

Published Value 464.67

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05:30:28

US NYMEX Palladium Inventories - Daily Update (100 ounces) - September 16

Previous : 2502.47 Forecast : -

Published Value 2502.47

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05:29:17

US NYMEX Palladium Inventory Change - Daily (100 ounces) - September 16

Previous : 0 Forecast : -

Published Value 0

Previous

05:29:16

US NYMEX Platinum Inventory Changes - Daily (100 ounces) - September 16

Previous : -3 Forecast : -

Published Value -27.70

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Real-Time Popular Commodities

Instrument Current Price Change

XAU

4357.86

14.34

(0.33%)

XAG

66.469

0.465

(0.70%)

CONC

92.66

0.29

(0.31%)

OILC

100.69

0.66

(0.66%)

USD

100.374

-0.036

(-0.04%)

EURUSD

1.1469

0.0007

(0.06%)

GBPUSD

1.3374

0.0009

(0.06%)

USDCNH

6.6924

-0.0001

(-0.00%)