EUR/USD
1.16291
0.038%
Gold
4211.31
0.133%
Oil
58.493
0.092%
USD/JPY
155.700
-0.105%
GBP/USD
1.32204
0.063%
GBP/JPY
205.846
-0.026%
Real-time News
Japanese chip stocks surged, with Renesas Electronics up 5.0%, Tokyo Electron up 3.8%, and Raytheon up 4.0%.December 3rd - A research report from CICC stated that golds rapid rise since the beginning of the year has exceeded levels commensurate with fundamentals, potentially leading to increased volatility in the future. However, considering the Federal Reserve is still in a rate-cutting cycle and the dollars credibility has been damaged, we believe the gold bull market is not yet over and recommend maintaining an overweight position, increasing holdings on dips.On December 3rd, a research report from CICC stated that considering the possibility of a shift in the pace of interest rate cuts by the Federal Reserve in 2026, we expect increased volatility in dollar liquidity and the market environment after the December FOMC meeting. On the one hand, weak US growth and employment data, along with speculation about the next Fed chair, may push up expectations for rate cuts. On the other hand, inflation concerns among current Fed officials will suppress expectations for rate cuts. Therefore, we believe that the certainty of an easing trade is higher in early December, which is more favorable for the performance of various assets. Entering mid-to-late December, although global assets often experience a "Christmas rally," i.e., a temporary strengthening of risk assets such as US stocks and commodities, we believe that uncertainty will be relatively high this year.According to the New York Times, the United States has suspended processing all immigration applications submitted earlier this year by immigrants from 19 countries whose entry restrictions were imposed.On December 3, Colombian President Petro Petro warned on social media against threatening Colombian sovereignty, stating that "violating our sovereignty is tantamount to declaring war," in response to US President Trumps December 2nd claim that Colombia might be "attacked" due to its drug problem. Earlier that day, Trump told reporters at a White House cabinet meeting that drug labs in Colombia manufacture cocaine and sell it to the United States, and that any country that "traffickles drugs" to the US would be "attacked."
