After the Federal Reserve cut interest rates by 25 basis points, Powell relaxed his stance on inflation during the press conference and mentioned risks in the labor market, emphasizing a "wait-and-see" approach. This led to a sharp decline in the US dollar and a surge in gold prices. Analysts believe that Powell's dovish stance has stimulated the market, and gold is expected to challenge the target of $4,300 per ounce.

Recently, the RMB has performed strongly against the US dollar, hitting new lows, mainly influenced by the Federal Reserve's rate cuts and the People's Bank of China's guidance. The RMB exchange rate has been steadily rising, demonstrating international credibility, which helps accelerate the internationalization process, with a significant increase in daily trading volume. Goldman Sachs predicts that the RMB will reach 7 yuan by the end of the year, with a noticeable improvement in future international competitiveness.

December 19, the global market risk sentiment heats up, with US tech stocks like Nvidia and Tesla leading the rally. The Bank of Japan raised interest rates but did not signal a hawkish stance, leading to a depreciation of the yen. Today is options expiration day, and market volatility has increased. The cryptocurrency and precious metals markets are showing divergence, with funds flowing into platinum and palladium.

After the Bank of Japan raised interest rates by 25 basis points to 0.75%, the yen depreciated. The market lacks clear guidance on future rate hikes, and the central bank governor's ambiguous statements have been interpreted by investors as dovish signals, leading to insufficient capital inflows. Analysts believe that a clear policy stance and strong verbal guidance are crucial for supporting the yen.

The Japanese Yen continues to weaken against the US dollar, affected by weak Japanese economic data and expectations of the central bank's interest rate hikes. At the same time, escalating political tensions between China and Japan have caused volatility in the currency market. The Federal Reserve's policy adjustments also support the US dollar, and investors should closely monitor upcoming economic data and policy developments.

In the investment market, there is an ancient saying: "Yin and Yang are the way." This phrase perfectly explains the essence of the financial market—since there is an upward trend, there must be a downward trend; since some make money from rising prices, others profit from falling prices.
Many novice investors only understand part of the picture; they only look for opportunities to buy during an uptrend but fail to realize how smart traders profit through opposite strategies during market adjustments. In fact, going long means buying and holding with confidence in the future market, while going short involves selling in advance when expecting a decline. Mastering these two strategies allows you to respond effectively in any market environment.
Short Selling and Going Long: The Dual Sides of Profit Logic
What exactly is short selling?
Simply put, short selling is a "sell first, buy later" trading method. When an investor judges that the price of an asset will decline in the future, they can borrow the asset from a broker, sell it at the current price, and wait for the price to fall before repurchasing it at a lower price.

The Bank of Japan is about to announce its interest rate decision, and market expectations for a rate hike are generally optimistic, with the rate expected to rise to 0.75%. Although the market has already priced in the rate hike expectations, the governor's remarks and the subsequent rate hike path will have a significant impact on the market, and major institutions' forecasts for future exchange rate trends are also notably divergent. This decision will influence global carry trade and investor decisions.

The NT dollar to Japanese Yen has surged to 4.85, an 8.7% increase from 4.46 at the beginning of the year. Whether you're a traveler heading to Japan at the end of the year or looking to hedge your assets against NT dollar depreciation, now is a great time to re-evaluate the Japanese Yen. This article will help you understand the four most common currency exchange channels in Taiwan, their cost differences, and how to make the Yen continue to work for you after exchanging.
Why exchange Yen now? Three main reasons
Travel and consumption demand increase
Tourist flows to Tokyo, Osaka, and Okinawa are picking up again. Japan remains the top choice for Taiwanese travelers. Additionally, cash usage in Japan still accounts for 40% (with credit card penetration at only 60%), so whether for shopping, purchasing on behalf of others, studying abroad, or working part-time, the demand for Yen cash remains stable.
Yen is one of the three safe-haven assets globally
Alongside the US dollar and Swiss franc, the Yen is considered a safe asset due to Japan's stable economy and low government debt. During the Russia-Ukraine conflict in 2022, the Yen appreciated by 8% in a week, effectively hedging against stock market declines. For Taiwan

Australia's economic fundamentals continue to improve, rewriting market expectations for the country's monetary policy. The latest household expenditure data reveals the underlying driving forces behind this shift.
Domestic demand data exceeds expectations, and inflationary pressures remain.
In October, household spending increased by 1.3% month-on-month, far surpassing the market forecast of 0.6%; year-on-year growth also reached 5.6%, exceeding the expected 4.6%. This set of data sends a clear signal: Australian consumer spending remains strong, and domestic demand momentum has not waned. Correspondingly, Australia's October Consumer Price Index (CPI) rose by 3.8% year-on-year, again exceeding expectations, indicating that inflationary pressures still persist.
Abhijit Surya, an economist at Capital Economics, commented that this expenditure data "confirms that the Reserve Bank of Australia will not continue easing," and even hints that the risk of policy shift has already emerged.
Market pricing reversal, expectations for rate hikes have risen sharply
After the data release,

In recent years, a remarkable phenomenon has emerged in the crypto market—the rise of Meme Coins. Although these assets originated from internet culture jokes, they have generated stories of returns multiplying by dozens or even hundreds of times. According to on-chain data, the total market capitalization of the entire meme coin sector has surpassed $50 billion, with the most outstanding performers far exceeding Bitcoin and Ethereum in gains.
Bitcoin has decreased by -7.68% over the past year, and Ethereum has fallen by -13.96%, while the top performers among meme coins are defying the trend—DOGE (Dogecoin) has a circulating market cap of $21.156 billion, with a 24-hour trading volume exceeding $21.78 million. What underlying logic is hidden behind this?
What exactly are Meme Coins?
Meme, translated as "meme" or "meme," was originally proposed by biologist Richard Dawkins in the 1970s for the purpose of...

In just two days, the Taiwanese dollar has surged by 10%, a reverse fluctuation amid the backdrop of a strengthening US dollar.
Recently, the New Taiwan dollar has staged a jaw-dropping appreciation show. Against the global backdrop of a rising US dollar, the TWD has defied the trend and soared sharply, accumulating nearly 10% gains over just two trading days, a rare phenomenon among Asian currencies.
On May 2nd, the New Taiwan dollar against the US dollar jumped 5% in a single day, rewriting the largest single-day gain in 40 years, closing at 31.064, reaching a 15-month high. The following week on May 5th, the TWD's rally continued, rising another 4.92%, and during the trading session, it broke through the psychological barrier of 30, with a high of 29.59. This astonishing appreciation speed triggered the third-highest trading volume in the history of the foreign exchange market.
Compared to other Asian currencies, the Singapore dollar appreciated by 1.41%, the Japanese yen by 1.5%, and the Korean won by a significant 3.8%, but these gains are far less than the TWD's rapid surge.

WTI crude oil recently dropped sharply to $54.98 per barrel, and Brent crude also fell below the $60 mark to $58.72 per barrel. This is a rare low since 2021, reflecting market pessimism about supply prospects. Since 2025, WTI has declined nearly 25%, and Brent's decline has also exceeded 20%.
Geopolitical expectations shift accelerates the decline
News of a potential easing of the Russia-Ukraine conflict has become the latest catalyst. Recent statements from U.S. leaders indicate that the two countries are close to reaching a peace agreement, prompting the market to reassess the geopolitical premium. Once a ceasefire agreement is formed, the market expects U.S. export restrictions on Russian oil to be quickly relaxed, and Ukraine's strikes on Russian energy infrastructure to come to an end.
Rystad Energy's analysis suggests that this will lead to a large influx of Russian oil back into the international market, further exacerbating the global oversupply situation.

The global AI industry competition is becoming increasingly fierce, and a "chip race" is quietly unfolding among tech giants. Alphabet, with its strong performance, has a market value approaching $4 trillion, becoming the focus of capital market attention. The core driving force behind this is its self-developed AI chip TPU's commercial prospects.
TPU Export: From Cost Center to Profit Engine
For a long time, TPU was only used as an internal dedicated chip within Alphabet, mainly supporting its search, recommendation, and other computational tasks. Now, with the explosive growth in global demand for AI computing power, this "feeding the tiger" product line is undergoing a fundamental business transformation. Morgan Stanley's latest analysis suggests that by 2027, Alphabet could potentially ship 500,000 to 1 million TPU units annually.
The significance of this shift is profound. Market analysis indicates that for every 500,000 TPU units shipped, Al

Investment Portfolio is not just a privilege of the wealthy. No matter how much capital you have, knowing how to allocate financial assets is the first step toward financial freedom. Today, let's talk about the core logic and practical methods of investment Portfolio.
What is an investment Portfolio?
Portfolio (investment portfolio) simply refers to a collection of various financial assets held in certain proportions. These assets include stocks, funds, bonds, bank deposits, and even cryptocurrencies.
Listening to the concept alone might seem abstract, but think about it from another perspective: if you invest all your money in a single stock, and that stock crashes, you could lose everything. But if you diversify your investments across stocks, funds, bonds, and other assets, even if one performs poorly, the others might still be growing, significantly reducing overall losses.
To put it simply: Portfolio is

The New Taiwan Dollar shifted from depreciation expectations to appreciation within just one month, mainly influenced by the dilemma between US policies and the central bank. In the short term, the TWD appears to have room for further appreciation, but policy changes and the global economy remain variables for the future. Investors should exercise caution and pay attention to risk management.

Market fluctuations are cyclical; some people profit when prices rise, while others profit when prices fall. Many investors only go long, but they overlook the other side of the market — short selling, which involves selling first and buying later when expecting prices to decline, to profit from price differences. Investors who understand both directions of trading can seize opportunities in any market environment.
Short selling means: sell high first, buy low later
The core concept of short selling (shorting) is simple: investors predict that the market will decline in the future, so they borrow the corresponding assets from a broker to sell at a high price, then buy back after the price drops to return the assets, earning the difference.
This is completely opposite to the traditional "buy low, sell high" (going long). Short selling requires a solid judgment of the market trend, believing that a certain asset will decline from its current price.
When is it appropriate to short?
- Market peaks and begins to decline: when asset prices hover at high levels and technical indicators show a reversal

Strong Domestic Demand Reverses Rate Cut Expectations
Australian household expenditure data sends a strong signal. In October, household spending increased by 1.3% month-on-month, far exceeding the market expectation of 0.6%; year-on-year growth was 5.6%, also higher than the previous market forecast of 4.4%. This data indicates that Australian consumer activity remains robust, and the economy's intrinsic momentum is still strong.
As domestic demand outperforms expectations, market perceptions of the Reserve Bank of Australia's policy path have undergone a fundamental shift. The widely anticipated room for further rate cuts is shrinking, replaced by a re-pricing of rate hike prospects.
Inflationary Pressure Limits Easing Space
In October, the Consumer Price Index (CPI) rose by 3.8% year-on-year, once again surpassing market expectations, indicating persistent inflation stickiness. This data, combined with strong household spending, puts the Reserve Bank of Australia in a dilemma: economic activity and price pressures coexist.
Analysis by KeTao Macro

Cryptocurrency Market Boom: Risks and Warnings
Since the birth of Bitcoin in 2009, the digital currency market has experienced 16 years of development. Today, more and more traditional investors are entering this emerging territory, but opportunities and traps often coexist. Before delving into how to invest in cryptocurrencies, we must first understand the various scams present in the market.
Common Schemes in Cryptocurrency Investment Scams
Cryptocurrencies are characterized by high liquidity and difficulty in recovering transactions, which is why scammers frequently set traps. Knowing these schemes can help you effectively avoid investment pitfalls.
Fake Giveaways and Clone Websites
On social media, there are frequent messages like "Send 1 Bitcoin to receive X times return"—this is a typical fake giveaway scam. There is no such thing as a free lunch; even less popular coins have intrinsic value.
Meanwhile, clone websites are also common traps. Scammers will copy and create fake sites to...

The depreciation of the Japanese Yen accelerates, with the USD/JPY falling below 155, and the EUR/JPY reaching a record high. Concerns about Japan's economic policies and the US-Japan interest rate differential are intensifying, and the possibility of government intervention has sparked debate. Investors should pay attention to US economic data and the details of Japan's stimulus measures.