Last week, the US dollar index declined as the market reassessed the Federal Reserve's interest rate cut expectations. The EUR/USD is expected to break through a key resistance level, and if the US labor market remains weak, it will boost the euro. The yen's depreciation trend has intensified, with the new government in Tokyo's economic stimulus plan becoming a focal point. If the stimulus plan exceeds expectations, it could weaken the yen. Future attention will continue to be on economic data from the US and Japan.

The Bank of England is expected to cut interest rates by 25 basis points to 3.75% this week. Market confidence in rate cuts is high, but there are still internal disagreements. Recent weak economic data supports the case for a rate cut, and the Federal Reserve also shows a dovish stance. GBP/USD faces technical pressure, and the market may experience a sharp rebound.

Want to enter the Hong Kong stock market but don't know which broker to choose? There are many Hong Kong stock brokerages on the market, with significant differences in trading costs, platform features, and account opening requirements. Choosing the wrong one could greatly reduce your investment returns. This article provides a comprehensive analysis of the five major mainstream Hong Kong stock brokers based on the actual needs of Taiwanese investors, helping you quickly find the most suitable trading platform.
Three Core Considerations When Choosing a Hong Kong Stock Broker
Before comparing each broker in detail, it’s important to understand the cost structure of investing in Hong Kong stocks. Trading commissions, platform usage fees, financing interest, dividend collection fees, and other costs stack up, ultimately determining your actual return rate. Additionally, the difficulty of opening an account, deposit requirements, and platform usability will directly impact your investment experience.
Different investment styles have vastly different needs for brokers—beginners require a simple and user-friendly interface with ample educational resources; advanced investors seek a diverse range of trading instruments and in-depth research tools; low-frequency traders in

The article explains the meanings and usage methods of various national currency symbols in the global foreign exchange market, emphasizing that currency symbols are a universal language in the international financial market. It also provides a comparison table of major currency symbols. The article further analyzes common misuses of currency symbols and methods to distinguish them, and introduces how to input currency symbols on different operating systems. Finally, it reminds investors to accurately understand and apply currency symbols in forex trading to improve trading efficiency and accuracy.

The Japanese yen exchange rate has recently experienced a turning point. The hawkish stance of Bank of Japan Governor Kazuo Ueda has triggered market expectations of a rate hike in December, with the probability now estimated at 80%. Additionally, expectations of Federal Reserve rate cuts have narrowed the US-Japan interest rate differential, affecting yen carry trades. The yen's appreciation trend may continue, potentially impacting emerging market currencies such as the Hong Kong dollar in the future.

The market always has two sides
"Yin and Yang" is the most apt way to describe the financial markets. When most investors are immersed in the dream of a bull market, they often overlook a fundamental market truth: there is no such thing as an eternal one-sided trend. Traders who understand how to operate in both directions amid market fluctuations can truly achieve all-weather profitability. To accomplish this, it is essential to deeply understand the meaning of short selling and its operational logic.
What is short selling? An in-depth explanation of the meaning of shorting
Core Definition
The meaning of short selling is simply the trading logic of "selling first, then buying." When a trader judges that the future price of an asset will decline, they can borrow the asset from a broker and sell it at the current price. After the price drops, they buy it back to return it, earning a profit from the price difference. This forms a complementary contrast with the traditional "buy first, sell later" long strategy.
The essence of short selling
Understanding the meaning of short selling hinges on recognizing that its core nature is a risk hedging tool and market

The article introduces the basic concepts and operational mechanisms of the foreign exchange market. Forex trading is the process of exchanging one currency for another, primarily for speculative purposes. The foreign exchange market is global, with a daily trading volume of up to $6.6 trillion, and operates 24/7, providing good opportunities for retail investors to participate. Understanding these is crucial for investment decisions.

The Fibonacci sequence originated in the 13th century, and its numerical properties reveal the golden ratio, which is widely used in financial market analysis. Traders calculate retracement and extension levels based on this ratio to identify support and resistance levels, assisting in entry and exit decisions. Combining it with other technical indicators can improve trading success rates, but success still requires rigorous risk management and continuous learning.

Is it really cost-effective to exchange for Japanese Yen now? Check this out first.
As of December 10, 2025, the TWD to JPY exchange rate reached 4.85, compared to 4.46 at the beginning of the year, an appreciation of approximately 8.7%. For Taiwanese investors, the Japanese Yen is no longer just a travel currency but also an asset allocation choice with hedging properties.
According to market observations, Taiwan's foreign exchange demand grew by 25% in the second half of the year, mainly driven by a rebound in travel demand and hedging needs. But the key question is: which method of exchange can minimize costs?
Why should you exchange for Yen? It’s not just for traveling in Japan
Travel and daily consumption aspects
Popular destinations like Tokyo, Osaka, and Okinawa still have over 40% of merchants accepting cash only (credit card penetration is less than 60%). Additionally, there is strong demand for purchasing Japanese cosmetics, clothing, and anime merchandise, requiring many consumers to hold Yen directly for payments. Those planning long-term stays or working holidays in Japan will also consider .

The Bank of Japan raised interest rates to 0.75% but did not provide clear guidance on subsequent steps, leading to a depreciation of the yen and a rise in the US dollar to 157.09, which stimulated global capital flows into risk assets. US stock futures surged across the board, with technology stocks performing notably well. Today is "Triple Witching Day," with active options markets expected to increase volatility. The cryptocurrency market rebounded, while precious metals showed mixed performance, and investors should pay attention to potential risk management.

The Federal Reserve is about to announce its interest rate decision, and the market expects a possible "hawkish rate cut." If Powell emphasizes a high threshold for rate cuts, the US dollar will rebound, affecting the euro's trend; US stocks and gold may come under pressure due to profit-taking and dollar appreciation. Bitcoin is more affected by the Federal Reserve's liquidity policies and is highly sensitive to potential quantitative tightening signals.

The Bank of Japan announced a 25 basis point rate hike on December 19, pushing the policy interest rate to 0.75%, reaching a nearly 30-year high. However, what surprised the market was that this "hawkish" move not only failed to support the yen but instead led to a weakening of the yen in the foreign exchange market, with the yen against the RMB also coming under pressure.
Does the Bank of Japan's rate hike actually hurt the yen? The interest rate differential paradox emerges
On the surface, Japan's continuous rate hikes should attract arbitrage closing positions, thereby pushing up the yen. But the reality is quite the opposite—the USD/JPY exchange rate has risen, and market demand for the yen has not increased.
Felix Ryan, an analyst at ANZ Bank, pointed out that the fundamental reason for this phenomenon lies in the interest rate differential environment. Although the Bank of Japan has begun a rate hike cycle, the Federal Reserve remains relatively accommodative, and the interest rate advantage between Japan and the US still favors the dollar. In this context, investors, considering interest rate arbitrage, still prefer to hold dollars.

Derivative financial products are tradable contracts based on the prices of underlying assets, featuring leverage effects, two-way trading, and risk hedging functions. Investors can speculate, hedge risks, or arbitrage, but must possess professional knowledge to manage high risks. Suitable for professional traders and corporate entities, but not recommended for beginners. Success depends on understanding the market and risk management.

RMB internationalization is no longer just talk. Goldman Sachs' latest analysis points out that under the orderly promotion by the Chinese government, the RMB appreciation trend will continue to strengthen. It is expected that by 2026, the USD to RMB exchange rate will further rise to 6.85, about 5% higher than the current level.
This judgment is not made out of thin air. The recent performance of the RMB has already shown everything— as of November 26, the USD to RMB (onshore) exchange rate fell to 7.0824, and the offshore price even refreshed to 7.0779, hitting a one-year low. Meanwhile, the CFETS RMB exchange rate index rose to 98.22 on November 21, reaching a new high since April this year.
Policy-driven or market consensus?
The drivers of RMB appreciation are dual. On one hand, the Federal Reserve has entered a rate cut cycle, reducing the attractiveness of the USD; on the other hand, more importantly, the orderly guidance by the People's Bank of China—the daily setting of the midpoint rate has continued to rise, with state-owned

Investment in cryptocurrencies carries certain risks that you must be aware of. Although Bitcoin and other digital assets attract many investors due to their high return potential, the scams associated with them are also constantly evolving. According to the latest statistics, cryptocurrency-related fraud cases are growing exponentially, and many novice investors, lacking sufficient vigilance, have become "cash machines" for malicious actors. This article will provide a detailed breakdown of the most common cryptocurrency scam methods on the market and teach you how to protect yourself in this market full of opportunities but also filled with traps.
Why Have Cryptocurrencies Become Scammers' Paradise?
Lack of Traceability Is the Main Culprit
Unlike traditional bank transfers, once a cryptocurrency transaction occurs, it is essentially irreversible or untraceable. Scam groups have taken advantage of this, using it as a perfect tool for "money laundering" and "fraud." Compared to the bank system, which requires multiple approvals, the decentralized nature of virtual currencies allows scammers to

What exactly is EPS telling us?
Every number on a financial report represents a different aspect of the company, and Earnings Per Share (EPS) may be the most straightforward indicator of a company's profitability. Simply put, EPS is the company's net profit divided evenly among each share, allowing investors to quickly assess: how much does the company earn per dollar invested?
The full English name of EPS is Earnings Per Share. It measures the profit generated for each common share. If stock prices reflect market expectations of the company, then EPS reflects the company's actual profit results. That’s why many investors use EPS as a core reference when evaluating a company's value.
How to Calculate EPS: From Financial Data to Investment Decisions
Basic Calculation Formula
The method for calculating EPS is not complicated:
EPS = (Net Profit

Have you ever noticed that when buying and selling the same currency pair on a trading platform, the prices you see are actually different? That invisible price difference is how exchanges and brokers quietly make money from you. This spread is also called the bid-ask spread.
The spread is an invisible cost of trading
Imagine when you want to buy euros against US dollars, you see two prices:
- Ask Price (ASK): The price you pay, the quote the broker offers you
- Bid Price (BID): The price you can sell at, the quote the broker provides
These two prices will never be the same. The ask price is always higher than the bid price, and the difference between them is the spread. This is the main way "no-commission brokers" make a profit—they don’t charge you explicit fees but earn through the spread.
Simply put, it’s like the broker buying from you at a lower price and selling to you at a higher price, making a profit from this difference. The trading fee is not

Why is it so difficult to choose an exchange?
According to CoinMarketCap data, there are over 800 virtual currency exchanges worldwide, covering various types such as spot trading, derivatives, decentralized exchanges (DEX), lending, and more. Many platforms have their own features, but they also hide risks— the FTX collapse is a stark lesson, where users lost everything due to platform misappropriation of funds.
For beginners, selecting a satisfactory Bitcoin trading platform in this industry with still-incomplete regulation is indeed a challenge. Choosing the wrong one could lead to fund risks, while the right choice can significantly reduce trading costs. This article will systematically introduce the six core standards for selecting a cryptocurrency exchange to help you avoid common pitfalls.
The fundamentals of major global exchanges
Currently, global virtual currency exchanges are mainly divided into:
Spot exchanges: directly buy and sell digital assets, with about 252 platforms involved
Derivatives trading