EUR/USD
1.16532
-0.051%
Gold
4463.25
-0.327%
Oil
58.005
-0.421%
USD/JPY
157.287
0.273%
GBP/USD
1.34323
-0.059%
GBP/JPY
211.275
0.227%
Real-time News
January 9th, Futures.com analysts latest view: WTI crude oil futures fell slightly in recent intraday trading, part of a natural profit-taking move after a series of strong rallies, aimed at rebuilding the necessary upward momentum to help it break through the stubborn resistance level of $58.70. This decline was accompanied by a reduction in some clearly overbought conditions on the Relative Strength Index (RSI), particularly with the appearance of a negative overlap signal, reflecting a temporary cooling of momentum. Previously, the price broke through the negative resistance of the EMA50, which leaves the possibility of a resumption of upward movement in the short term still present.January 9th, Futures News: Economies.com analysts latest view: International spot gold fluctuated in recent intraday trading, with prices retreating after a rapid profit-taking following previous gains. Previously, gold prices rebounded from support at the 50-day moving average (EMA50), which provided technical support for a resumption of upward movement. Despite current price volatility, the main upward trend remains dominant in the short term, with prices fluctuating along the support line of this trendline. Furthermore, the Relative Strength Index (RSI) is also giving positive signals. Therefore, despite current price fluctuations, further gains are possible in the short term.On January 9th, Nomura economists wrote in a report that the Bank of Thailand (BHT) may cut its policy rate by 25 basis points in February. The upcoming general election and constitutional referendum in Thailand in February have exacerbated political uncertainty and are expected to put pressure on economic growth. "We believe deflation is widening, signaled by a sharp decline in nominal GDP growth, which could soon turn negative even without a major shock." Given the weakening economy, the BHT is likely to pay closer attention to the risk of deflation. The central bank has already left room for further easing, stating in December that it is prepared to adjust policy based on changes in the economic and inflation outlook.On January 9th, the Peoples Daily published a prominent commentary on its front page, authored by Zhong Caiping, entitled "Leveraging the Integrated Effect of Policies to Enhance the Effectiveness of Macroeconomic Governance." The article points out the need to strengthen the consistency and effectiveness of macroeconomic policy orientation and to implement a comprehensive set of macroeconomic control measures. Currently, my countrys economic environment is becoming increasingly complex, with more and more dilemmas and even multiple challenges in economic work, leading to a greater demand for policies. The more policies there are, the greater the risk of them conflicting with each other. Past economic practices have also seen problems such as the "fallacy of composition" caused by inconsistent policy orientations, which not only cause policy effects to cancel each other out but also affect market expectations. As the toolbox for macroeconomic governance becomes increasingly comprehensive, the need to strengthen policy coordination, enhance consistency, and prevent and resolve the "fallacy of composition" or "fallacy of decomposition" is becoming more prominent. Enhancing the consistency and effectiveness of macroeconomic policy orientation requires strengthening a systemic perspective, incorporating economic and non-economic policies, existing and new policies into the assessment of macroeconomic policy orientation consistency, strengthening the coordination between fiscal and financial policies, and between reform measures and macroeconomic policies, to ensure that all policies and measures work in the same direction and form a synergy.On January 9th, Portuguese Central Bank Governor Centeno stated that Europe has entered a period of "structural uncertainty" defined by trade tensions, high sovereign debt, and rapid economic changes. As these pressures intensify, the European Central Bank (ECB) must play a crucial institutional role in ensuring stability. Centeno avoided commenting on current monetary policy but outlined an analytical framework with market implications. He pointed out that rapid changes in the labor market, competing fiscal needs, and geopolitical fragmentation are all sources of uncertainty, requiring European institutions to maintain discipline, independence, and decisiveness. The ECB leadership must foster consensus while making political judgments, especially given the evolving risks in the financial system. He noted that rising valuation pressures, increased asset class concentration, and the shift of risk outside the traditional banking system are becoming sources of potential volatility in the markets eyes, rather than immediate systemic pressures.
