Global TradFi & Macroeconomics

Yoo Sang-dae, former Deputy Governor of the Bank of Korea, retired from the central bank last month in his second departure from the institution. Yoo, who first joined BOK in 1986 and served in various international roles before leaving in 2021, returned as deputy governor in 2023. In an interview o

Former Bank of Korea Deputy Governor Yoo Sang-dai shared his interest rate outlook in an interview, stating that the final rate level may not be very high but high rates could persist longer than expected. Yoo, known for his hawkish stance, opened the door to rate hike discussions with his

The Malaysian ringgit depreciated to 4.073 per U.S. dollar, marking its lowest level since August 17.

As of 09:30 Beijing time on September 11, New York gold futures rose 0.24%, while silver and copper futures declined 0.03% and 0.10% respectively.

According to UBS Securities, on September 10, Apple's new foldable iPhone Duo is expected to generate significant demand among existing customers, with fiscal 2026 unit sales estimated at 5-6 million. UBS sees the $100 price increase on Pro and Pro Max models as a reasonable balance between market d

Bitcoin (BTC) has continued to weaken and decline, trading at around $76,900 as of Oct. 17. The U.S. Senate released a 630-page revised version of the CLARITY Act, with a procedural vote scheduled for Sept. 15. Bank of America issued its own USD Stablecoin, USBDC, on Stellar and successfully completed a cross-border payment trial. Macro Events & Crypto Highlights Republican members of the U.S. Senate released a 630-page revised version of the CLARITY Act, and the Senate will hold the bill’s firs

China's central bank conducted a 4 billion yuan 7-day reverse repo operation today (September 11), with bids and successful allotments both at 4 billion yuan. The operation rate remained unchanged at 1.40% from the previous operation.

OKX unveiled three new trading tickers for macro trading: US100 for US tech and growth, US500 for large caps, and JP225 for Japanese equities. The exchange announced the launch via a tweet, stating the tickers allow traders to express views using USDT margins. The introduction expands OKX's trading

According to Fitch, today the ratings agency warned that if artificial intelligence investment enthusiasm suddenly reverses and triggers severe financial market correction, US stocks could plunge 35% within 6 months and push the US economy into recession. Fitch emphasized this is an extreme

Piper Sandler initiated coverage on major semiconductor companies on 10일 (미국 현지시각), assigning Overweight ratings to NVIDIA and AMD as the primary beneficiaries of exploding computing power demand driven by AI agent technology, according to CNBC. The firm set a $300 price target for NVIDIA and $600 f

China's yuan midpoint exchange rate against the U.S. dollar weakened to 6.7743 today, down 23 basis points from the previous trading day's midpoint of 6.7766.

According to Jin10, Saudi Arabia's August crude oil production reached its lowest level since 1990, driven by U.S.-Iran tensions squeezing global supplies. Meanwhile, Iran's decision to suspend a 10% energy surcharge suggests reduced pressure on the Strait of Hormuz. Separately, PPI data release

On September 11, China's interbank foreign exchange market released the daily mid-rates for the Chinese yuan. USD/CNY declined 23 points to 6.7743, reflecting yuan appreciation. EUR/CNY fell 79 points to 7.8367, while JPY/CNY (per 100 yen) dropped 195 points to 4.3614. AUD/CNY declined 283 points to

The Chinese yuan's central parity rate against the U.S. dollar rose 23 points to 6.7743 on September 10, marking the strongest level since February 6, 2023.

According to Yonhap Infomax on September 11, South Korean financial institutions are avoiding adding bond positions despite light existing holdings, signaling a shift toward defensive trading. While daily government bond transaction volume remained stable at 16.5 trillion won through September 10, m

Piper Sandler initiated coverage of semiconductor stocks on September 10 (U.S. time), according to CNBC, setting price targets of $300 for Nvidia (NVDA) and $600 for AMD (AMD) as AI agent adoption drives surging computing power demand. Analyst David O'Connor cited a "positive feedback loop" where a

According to Jin10 Futures and China Fortune Futures research, on Sept 11, Houthi forces took control of Yemen's Mocha port, potentially threatening Red Sea shipping routes, while Iran announced it intercepted a U.S. unmanned surface vessel near the Strait of Hormuz, escalating U.S.-Iran tensions.

According to CNBC, prediction market platform Kalshi officially launched gold and silver Perpetual Futures on September 11, marking the first non-cryptocurrency Perpetual Futures approved by the U.S. Commodity Futures Trading Commission (CFTC). Kalshi was first approved to list cryptocurrency Perpetual Futures in the United States in late May, and since then, the notional trading volume of crypto perpetual contracts has reached $44 billion. Background on the Approval of Kalshi’s Gold and Silver

According to The Bell, Qualcomm and Samsung Electronics have delayed their application processor foundry contract negotiations for 2-nanometer technology due to disagreements over unit production costs. The two parties have failed to narrow their price gap, and talks continue to extend. Samsung's 2-

The Seoul bond market is expected to weaken on September 11 as US Treasury yields surged, though South Korean government bond (KTB) sensitivity to US yield movements has decreased recently. Bank of Korea Deputy Governor Park Jong-woo stated at a press conference the previous day that an October