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

2025-12-18 Thursday

2025-12-19

20:00:13

The UK's central bank (MPC) voted in favor of keeping interest rates unchanged in December

Previous : 5 Forecast : 4

Neutral

Published Value 4

Previous

20:00:12

The UK's central bank (MPC) voted in favor of cutting interest rates in December

Previous : 4 Forecast : 5

Neutral

Published Value 5

Previous

20:00:12

The UK's central bank (MPC) voted in favor of raising interest rates in December

Previous : 0 Forecast : 0

Neutral

Published Value 0

Previous

20:00:07

The benchmark interest rate of the Bank of England in December

Previous : 4% Forecast : 3.75%

Neutral

Published Value 3.75%

Previous

20:00:05

Mexico's retail sales monthly rate in October

Previous : 0% Forecast : 0.30%

Published Value 0.40%

Previous

20:00:05

Annual rate of retail sales in Mexico in October

Previous : 3.30% Forecast : 3%

Published Value 3.40%

Previous

19:56:44

[Ministry of Agriculture and Rural Affairs: Make Every Effort to Ensure Safety in the Agricultural Sector and the Ministry System to Firmly Safeguard the Bottom Line of High-Quality Agricultural and Rural Development] The Ministry of Agriculture and Rural Affairs held an expanded meeting of its Safety Committee, emphasizing the need to make every effort to ensure safety in the agricultural sector and the Ministry system, firmly safeguarding the bottom line of high-quality agricultural and rural development. The meeting stressed the need to be keenly aware of the severity and complexity of the safety situation, further strengthen risk awareness, firmly establish a bottom-line mentality, resolutely overcome complacency and wishful thinking, and with a constant sense of responsibility, go all out to ensure safety at the end of the year and the beginning of the new year. It also emphasized the need to carefully review the relevant requirements of the central government's safety inspection and assessment, strengthen risk assessment for low temperatures, cold waves, and heavy fog during the winter and spring seasons, continuously strengthen industry safety guidance, solidly promote the special rectification of safety production for marine fishing vessels, continuously consolidate the achievements in safety production in the agricultural machinery sector, and actively promote the standardized and intelligent management of confined space operations in agricultural sectors. (Ministry of Agriculture and Rural Affairs)

18:25:55

Global WBMS market Supply and Demand in October - Lead

Previous : 113.31 Forecast : -

Published Value 2.67

Previous

18:25:46

Global WBMS market Supply and Demand in October - Nickel

Previous : 1.71 Forecast : -

Published Value 2.91

Previous

18:25:37

Global WBMS market Supply and Demand in October - Zinc

Previous : -3.57 Forecast : -

Published Value -2.67

Previous

18:25:04

Global WBMS Market Supply and Demand in October - Tin

Previous : 0.49 Forecast : -

Published Value -0.35

Previous

18:24:52

Global WBMS market Supply and Demand in October - Primary Aluminum

Previous : -19.21 Forecast : -

Published Value -10.87

Previous

18:24:41

Global WBMS market Supply and Demand in October - Copper

Previous : -8.13 Forecast : -

Published Value -0.14

Previous

18:04:54

[The standoff between bulls and bears intensifies, massive bets are poised for a volatile start to 2026 forex market] ⑴ Traders' sharply contrasting forex positions held for most of 2025 remain open as year draws to a close, significantly increasing the likelihood of a sharp short-term surge in market volatility. ⑵ While both dollar bulls and bears could theoretically profit, the probability is low; a loss for one side is more likely, triggering a rapid price movement in favor of the other. ⑶ The current relative calm in the market sustains this rare situation, but if 2026 starts with a trading frenzy as in previous years, these opposing positions could lead to a sharp amplification of volatility. ⑷ Traders are betting $22 billion against the dollar against the euro, yen, Mexican peso, and Brazilian real, with bullish bets on emerging market currencies likely related to the seemingly lucrative carry trades that have been prevalent this year. (5) Long positions in the Japanese yen were established during its sustained decline, with the USD/JPY pair rising from 142 in April to around 158 in November, but these long positions were still held. (6) Long positions in the euro were the largest of all forex bets, having been reduced from $18 billion to $11 billion before increasing to $16 billion by the end of November, and have already yielded substantial profits this year. (7) Meanwhile, traders also bet $31 billion on the US dollar against the Canadian dollar, Australian dollar, New Zealand dollar, Swiss franc, and British pound, but most of these positions are currently performing poorly. (8) For example, a $10 billion short position in the Canadian dollar (one of the largest long US dollar bets) deteriorated after the USD/CAD pair fell from 1.4131 on November 21 to 1.3731 on Tuesday, but traders added to their positions during the decline. (9) When the Australian dollar rose from 0.6422 to 0.6686 against the US dollar between November 21 and December 10, its net short position increased from $3.7 billion to $5.5 billion. Traders increased their short positions against the trend during a short squeeze, which can be described as extreme. (10) Short bets on the British pound have ballooned from just $400 million to over $6 billion, while the pound rose from around 1.30 to above 1.34 against the US dollar during the same period. (11) Before the holidays, although traders were in many precarious positions, they seemed to still prefer to hold or even increase their positions, which sowed the seeds for sharp volatility in the foreign exchange market in early 2026.

18:01:40

Annual rate of construction output in the eurozone in October

Previous : -0.30% Forecast : -

Published Value 0.50%

Previous

18:01:36

Eurozone construction output monthly rate in October

Previous : -0.50% Forecast : -

Published Value 0.90%

Previous

17:33:35

[Inflation Alarms Remain, Fed Internal Divisions, Hidden Reefs and Storms on the Road to Rate Cuts] ⑴ Although the inflation rate has fallen from its highs, it remains consistently above the Fed's 2% target. Policymakers hope to see it decline further, but concerns about the job market are influencing their policy trade-offs. ⑵ Fed Chairman Powell stated that the impact of Trump's tariff rhetoric on inflation is expected to be a relatively short-lived, one-off price level change, but the Fed's responsibility is to prevent it from developing into a persistent inflation problem. ⑶ New York Fed President Williams pointed out that data shows trade policy has pushed up inflation this year, but its impact has been more moderate and persistent than he initially anticipated. ⑷ Fed Governor Waller believes that inflation will not accelerate again and stated that there are no signs that inflation will surge again in 2026. ⑸ However, some officials are more cautious. Kansas City Fed President Schmid emphasized that he prefers to keep monetary policy moderately restrictive given the continued significant inflationary pressures. ⑹ Atlanta Fed President Bostic also cautioned that it cannot be concluded that weakness in certain areas of the economy will necessarily translate into a significant reduction in inflationary pressures. (7) These remarks highlight the subtle differences within the Federal Reserve in assessing inflation risks and policy paths. Future interest rate decisions will be highly data-dependent, and any signs of recurring inflation could quickly reverse market expectations of easing.

17:33:23

[Interest Rate Hike Unlikely to Boost Yen: Intervention Bottom Line and Depreciation Pressure – How to Resolve the Dilemma?] ⑴ Analysts at JPMorgan Private Bank stated that the Bank of Japan's belated interest rate hike is unlikely to trigger a significant appreciation of the yen. ⑵ She pointed out that the market has fully priced in the rate hike, and the Bank of Japan may hint at a longer interval between the next action, thus limiting the yen's upside potential. ⑶ Conversely, if the Bank of Japan unexpectedly keeps interest rates unchanged, it could lead to a surge in the USD/JPY exchange rate, potentially forcing Japanese authorities to intervene to stabilize the exchange rate. ⑷ The institution predicts that the Bank of Japan will raise interest rates again by 2026, bringing the policy rate to 1%, at which point inflation should gradually stabilize around the 2% target. ⑸ However, analysts emphasize that achieving this inflation target depends on preventing excessive yen depreciation, as currency depreciation directly impacts domestic prices. ⑹ Their basic forecast scenario is that the USD/JPY exchange rate will fluctuate within a high range of around 150 yen, and if the authorities continue to defend the exchange rate, the market may respect the "bottom line" of 160-162 yen. (7) However, in the long run, the negative interest rate differential between Japan and the United States, as well as Japan's fiscal risk premium, are expected to continue to suppress the appreciation potential of the yen.

17:30:10

South Africa's PPI monthly rate for November

Previous : -0.10% Forecast : -0.10%

Published Value 0%

Previous

17:30:10

South Africa's PPI annual rate in November

Previous : 2.90% Forecast : 2.80%

Published Value 2.90%

Previous

17:18:56

[Gulf Stock Markets Mixed Amid Oil Prices and Interest Rates, Awaiting US Inflation Storm] ⑴ Gulf stock markets diverged in early trading on Thursday. Oil prices rose slightly on news of potential new US sanctions on Russian oil, but market attention was focused on upcoming key US inflation data. ⑵ The Abu Dhabi benchmark index rose 0.3%, primarily driven by a 0.9% increase in ADNOC Gas shares and a 3.3% surge in ESG Emirates Stallions Group shares after announcing the launch of a 1.2 billion dirham waterfront residential project. ⑶ The Qatar benchmark index fell 0.2%, with Industries Qatar shares dropping 2% and Qatar National Bank, the region's largest bank, declining 1.3%, amid reports that Qatar Energy had lowered its crude oil premium. ⑷ The Dubai benchmark index dipped slightly by 0.1%, dragged down by a 9.6% plunge in Gulf Shipping Holdings shares, but Tecom Group shares rose 1.5% after announcing the launch of a 615 million dirham innovation center. (5) Saudi Arabia's benchmark stock index was largely unchanged, with ACWA Power shares down 1%, while Saudi Arabia's mining company shares rose 0.9% after receiving approval from the Ministry of Energy for feed allocation to its phosphate project. (6) Federal Reserve Governor Waller stated that the central bank may still cut interest rates as the labor market cools, and vowed to defend the Fed's independence. Meanwhile, investors awaited the US November CPI report later Thursday and the PCE price index on Friday. (7) Because most currencies in the region are pegged to the US dollar, Gulf markets are extremely sensitive to changes in expectations regarding US monetary policy; therefore, upcoming inflation data will be a key catalyst determining short-term capital flows.

17:13:33

[Global Interest Rate Map: The "Value Gap" Between the US Dollar and Non-US Assets] ⑴ Currently, the yields of major global government bonds show significant divergence. The US 10-year Treasury yield is 4.138%, providing a core anchor for global interest rate levels. ⑵ Using the 10-year yield as a benchmark, Australian government bond yields are the highest at 4.752%, with a spread of +61.4 basis points against the US, while Japanese government bond yields are only 1.966%, with a spread of -217.2 basis points against the US, creating a stark contrast. ⑶ Among core European countries, Germany's 10-year yield is 2.851%, with a spread of -128.7 basis points against the US. Yields in major Eurozone countries such as France and Italy are concentrated in the 3.3%-3.6% range. ⑷ In terms of short-term interest rates, the US 2-year yield is 3.473%, significantly higher than Germany's 2.142%, with a spread of 133.1 basis points, indicating that market expectations for the short-term monetary policy paths of the two regions are quite different. (5) From Germany's perspective, its 2-year interest rate is lower than that of most developed countries, only slightly higher than that of Japan, while the interest rate differentials with Australia, the UK, and the US all exceed 130 basis points. (6) This interest rate map clearly outlines the differences in the cost and attractiveness of global capital, and the general advantage of dollar assets in terms of yield continues to influence the allocation direction of international funds and exchange rate fluctuations.

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Real-Time Popular Commodities

Instrument Current Price Change

XAU

4318.34

-14.27

(-0.33%)

XAG

65.082

-0.380

(-0.58%)

CONC

55.89

-0.11

(-0.20%)

OILC

59.70

-0.02

(-0.04%)

USD

98.523

0.084

(0.08%)

EURUSD

1.1719

-0.0003

(-0.03%)

GBPUSD

1.3376

-0.0003

(-0.02%)

USDCNH

7.0370

0.0058

(0.08%)