EUR/USD
1.19687
0.125%
Gold
5547.67
2.425%
Oil
65.976
4.176%
USD/JPY
153.203
-0.132%
GBP/USD
1.38295
0.161%
GBP/JPY
211.878
0.045%
Real-time News
January 29th - At the National Statistical Work Conference held in Beijing from January 28th to 29th, it was learned that in 2026, my country will further optimize consumption statistics to focus on building a strong domestic market. Reporters learned that the National Bureau of Statistics will further strengthen statistical monitoring of new consumption formats and models, changes in consumption structure, promote the calculation of regional service retail sales, and improve the calculation of online service retail sales. "We will further improve the supply-side comprehensive consumption statistics, optimize the calculation method for total retail sales of goods and services, and strengthen data calculation," said a relevant official from the National Bureau of Statistics.The SC crude oil futures contract surged 6.00% intraday, currently trading at 495.10 yuan per barrel.On January 29, 2026, the National Healthcare Security Administration, together with the Supreme Peoples Court, the Supreme Peoples Procuratorate, the Ministry of Public Security, the Ministry of Finance, the National Health Commission, the State Taxation Administration, the State Administration for Market Regulation, the State Administration of Traditional Chinese Medicine, and the National Medical Products Administration, jointly convened a meeting to summarize the special campaign to address prominent issues in the management of the national medical insurance fund and to deploy work for 2026. The meeting emphasized the need to strictly investigate and crack down on illegal and irregular use of medical insurance funds, to combat the resale and repatriation of drugs across the entire supply chain, and to focus on strengthening the handling and rectification of problems. It stressed the importance of combining prevention and crackdown to create a tighter regulatory defense. This includes deepening big data supervision to improve regulatory efficiency, strengthening the management of handling and review processes, improving the early warning and handling mechanism for non-compliant behavior and expenses, and moving the regulatory focus forward. The meeting also emphasized the need to pay more attention to promoting governance through investigation and to drive in-depth governance. It called for continuously improving the long-term regulatory mechanism, strengthening the governance of drug prices, strengthening the refined management of medical insurance, and strengthening the management of fund operation.On January 29th, market analyst Divyang Shah stated that precious metals have recently garnered significant attention, with copper prices hitting new highs. Although coppers year-to-date gains have lagged behind gold and silver, numerous reasons support the bullish trend: doubts about the Federal Reserves independence, geopolitical risks, concerns about a weakening dollar, supply chain fragmentation, demand to hedge against supply shocks, and demand related to artificial intelligence are all factors that can influence investment decisions. We previously emphasized that "in addition to gold, countries will begin strategically stockpiling key commodities. This strategic trend may continue for many years," a theme that remains relevant in the commodities market.January 29th - Crude oil prices continued to rise, with both WTI and Brent crude increasing by over 3% intraday, driven by concerns about potential supply disruptions from possible US military action against Iran. Sparta Capital analyst Peter Cardillo noted in a report that while they believe a supply imbalance is forming, geopolitical risks could further push up oil prices. He added that continued price increases could trigger an increase in short positions, in other words, selling on rallies.
