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2025-10-29 Wednesday

2025-11-04

14:01:40

South Africa's monthly rate of private sector credit expansion in September

Previous : 5.86% Forecast : 5.85%

Published Value 6.03%

Previous

14:01:39

South Africa's annual M3 money supply rate in September

Previous : 6.18% Forecast : -

Published Value 6.07%

Previous

13:41:55

[Ministry of Ecology and Environment: Expanding the Coverage of the National Carbon Emission Trading Market to Basically Cover Major Emissioning Industries in the Industrial Sector by 2027] On October 29, the Ministry of Ecology and Environment held its regular press conference for October. Xia Yingxian, Director of the Department of Climate Change, stated that the construction of the national carbon market will be accelerated. First, the coverage of the national carbon emission trading market will be expanded, basically covering major emissioning industries in the industrial sector by 2027. Second, quota control and paid allocation will be implemented. Based on national greenhouse gas emission control targets and the requirements of dual carbon emission control, the focus will gradually shift from intensity control to total quota control, steadily promoting a combination of free and paid carbon emission quota allocation, and orderly increasing the proportion of paid allocation. Third, quotas will be gradually tightened. The coordination between the national carbon emission trading market and industrial policies will be strengthened to enhance the scarcity of quotas, promote more accurate and comprehensive carbon prices that reflect my country's emission reduction costs, and provide clearer price signals for key industry structural optimization and green and low-carbon transformation. Fourth, the construction of a voluntary emission reduction trading market will be accelerated. Fifth, we will strive to enhance the vitality of the national carbon market. We will explore and develop green financial products and services related to carbon emission rights and certified voluntary emission reductions, gradually enrich the types and number of trading entities, and strengthen market transaction supervision. We will establish a scientific and comprehensive methodological system, accelerate the development of methodologies in key areas, and effectively serve the social responsibility for emission reduction and the transformation of ecological value based on the "Two Mountains" theory.

13:00:51

Japan's household consumer confidence index for October

Previous : 35.30 Forecast : -

Published Value 35.80

Previous

13:00:16

Japan's household consumer confidence index for October

Previous : 35.30 Forecast : -

Published Value 35.80

Previous

11:36:55

Oil prices continued their decline on Wednesday, pressured by concerns over potential OPEC+ production increases. 1. Oil prices continued their downward trend after three consecutive days of losses. Although prices were briefly boosted by news of an unexpected drop in US crude oil inventories, investor concerns about Russian sanctions and potential OPEC+ production increases continued to weigh on prices. WTI crude is currently trading at $66.06 per barrel, down about 0.15%; Brent crude is currently trading at $63.73 per barrel, down about 1.9%. 2. According to data from the American Petroleum Institute (API), US crude oil inventories fell by 4.02 million barrels last week, gasoline inventories fell by 6.35 million barrels, and distillate fuel inventories fell by 4.36 million barrels. This inventory decline exceeded expectations and briefly fueled the rebound in the previous trading day. 3. Priyanka Sachdeva, senior market analyst at Phillip Nova, said that the unexpected decrease in US inventories supported oil prices in early trading today, but sanctions risks and OPEC+ dynamics are dominating the market. She emphasized that while sanctions and supply issues have become the focus, weak demand and spare capacity still limit upside potential. Oil prices recorded their biggest weekly gain since June last week after Trump imposed sanctions on Russian oil companies for the first time during his second term, but overnight both major benchmark crude futures fell 1.9%. 4. The Kremlin responded that Russia provides high-quality, low-cost energy, and partners can decide for themselves which to purchase. Industry insiders revealed that several Indian refiners have suspended new orders for Russian oil and are turning to the spot market for alternatives, but Indian Oil Corporation stated that it will continue to purchase as long as sanctions are complied with. The German Economy Minister stated that the US has assured that Russian oil operations in Germany will not be affected. 5. Four sources familiar with the matter revealed that OPEC+ is inclined to increase production slightly in December, possibly by 137,000 barrels per day. Analysts pointed out that the Fed's interest rate decision and the meeting between Chinese and American leaders in the second half of the week may boost market sentiment.

11:33:33

A-Share Midday Market Review: Shanghai Composite Index Rebounds Above 4,000 Points, with Many Stocks in the Securities and Nonferrous Metals Sectors Gaining Ground. The three major indices rose collectively in early trading. By midday, the Shanghai Composite Index rose 0.37%, the Shenzhen Component Index rose 0.9%, the ChiNext Index rose 1.35%, and the Beijing Stock Exchange 50 Index rose 0.29%. Half-day trading volume in Shanghai, Shenzhen, and Beijing reached 1.4342 trillion yuan, a 74.7 billion yuan increase from the previous day. Over 2,000 stocks rose across the board. In terms of sectoral themes, the Hainan Free Trade Zone, securities, diversified finance, nonferrous metals, quantum technology, batteries, and gaming led the gains, while banks, logistics, cinema chains, liquor, and retail saw the largest declines. Computing hardware stocks mostly opened higher, with Zhongji Innolight, Foxconn Industrial Internet, and New E-Sun reaching record highs. Photovoltaic equipment and energy storage sectors performed actively, with Sungrow Power Supply reaching a new intraday high, while Longi Green Energy, Canadian Solar, and Tongrun Equipment led the gains. The securities and internet finance sectors also performed positively during the session, with Huaan Securities hitting its daily limit, while Ruida Futures, Northeast Securities, and Flush all saw gains. Furthermore, non-ferrous metals, Hainan Free Trade Zone, and quantum technology stocks all saw some movement. Meanwhile, the banking sector saw a volatile decline, with Bank of Chengdu, Xiamen Bank, and Shanghai Pudong Development Bank leading the decline. Fujian local stocks saw mixed performance, with many adjusting, with XCMG, Xiamen Cinda, and Zhangzhou Development leading the decline.

11:28:40

[US Dollar Hovering at a One-Week Low as Markets Await the Fed's Interest Rate Decision] 1. The US dollar hovered near a one-week low against major currencies on Wednesday, with the market widely expecting the Federal Reserve to announce a rate cut later that day. The US dollar index remained steady at 98.75, up about 0.04%, after a slight drop of 0.1% the previous day, hitting a new one-week low of 98.55. Traders are closely watching Fed Chairman Powell's guidance at the press conference, particularly any confirmation of a December rate cut, which could trigger market volatility. 2. The US dollar fell 0.3% against the Japanese yen to 151.53, extending its two-day decline. It is currently trading around 151.93, having narrowed its losses to 0.1%. US Treasury Secretary Bensoner's social media post hinted that the new Japanese government is open to a central bank rate hike, adding to pressure on the dollar. The Bank of Japan will announce its policy decision on Thursday, and is expected to keep interest rates unchanged, but the market is watching for clues about a potential December rate hike. Japanese Prime Minister Sanae Takaichi urged the Bank of Japan to maintain accommodative policies, but emphasized that policy is determined by the central bank. Bensoner has repeatedly criticized the Bank of Japan for its slow pace of rate hikes. 3. The currency market is also focused on the meeting between US President Trump and Chinese President Trump in South Korea on Thursday. The European Central Bank will also announce its policy on Thursday, and is expected to keep interest rates unchanged. The euro fell slightly against the dollar to 1.1642, a drop of approximately 0.07%.

11:11:59

[USD/CAD Hits One-Month Low Amid Fed and Bank of Canada Decisions] 1. The USD/CAD pair continued to decline in Asian trading on Wednesday, hitting a low of 1.3931, matching the near one-month low reached on October 8, a drop of about 0.1%. This marks the third consecutive day of decline for the pair, primarily driven by a weaker US dollar, as the market awaits the Federal Reserve's policy decision that day. 2. The Federal Reserve is expected to cut interest rates by another 25 basis points at its October meeting, bringing the benchmark rate to 3.75%-4.00%. According to the CME FedWatch Tool, the market has fully priced in this rate cut and believes there is a 91% probability of another rate cut in December. Traders are particularly focused on Fed Chairman Jerome Powell's comments on the future pace of easing. A CNBC October survey indicated that the Fed may cut rates further in the next two meetings. 3. The US dollar received some support from the upcoming meeting between US President Trump and Chinese President Trump on Thursday. If the two sides reach a framework agreement, potentially suspending US tariffs and export controls, this would further boost the dollar. 4. The Bank of Canada is also expected to cut interest rates by 25 basis points later on Wednesday. However, the outlook for Canadian interest rates is relatively optimistic, with its policy rate of 2.25% still offering a positive real yield relative to the 2.4% CPI. Analysts expect this rate cut may mark the end of the easing cycle, and the central bank may shift to a neutral or hawkish stance to address moderate inflation and high unemployment.

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Real-Time Popular Commodities

Instrument Current Price Change

XAU

3956.70

-44.46

(-1.11%)

XAG

47.337

-0.722

(-1.50%)

CONC

60.54

-0.51

(-0.84%)

OILC

64.39

-0.43

(-0.67%)

USD

100.140

0.276

(0.28%)

EURUSD

1.1481

-0.0037

(-0.33%)

GBPUSD

1.3045

-0.0094

(-0.71%)

USDCNH

7.1336

0.0092

(0.13%)