This week's market sentiment has shifted to cautious, with the US dollar index rising, benefiting from strong US economic data and concerns over the AI valuation bubble. The euro remains under pressure, with the exchange rate falling to 1.1589. Federal Reserve officials' comments suggest that interest rates may remain unchanged, further supporting the dollar. European manufacturing data shows a decline in confidence. From a technical perspective, if EUR/USD breaks below 1.1550, there will be greater downside risk, and traders should exercise caution in managing risk.

Silver market heat is intense—what investors need to know about the current background
The silver market in 2025 has written a historic chapter. Driven by the Federal Reserve's policy shift, ongoing global supply chain tightness, and the United States officially including silver in the critical minerals list, the London spot silver price officially broke above $60/oz on December 9, and subsequently hit a new high of $64.6/oz, with the annual increase exceeding 100%. This performance not only far surpasses gold's 60% increase during the same period but also significantly outperforms the Nasdaq Composite Index by about 20 percentage points. International investment bank UBS expects the target price for 2026 to remain in the $58 to $60 range, with even the possibility of reaching $65.
Faced with such a strong market trend, many Taiwanese investors are beginning to consider entry strategies. Compared to the cumbersome process of physical silver (which involves storage, insurance, verification, and other costs), silver ETFs, due to their ease of purchase and sale, and good liquidity, are gradually becoming

Is it really cost-effective to exchange Japanese Yen now? As of December 2025, the TWD to JPY exchange rate has risen to 4.85, up 8.7% from 4.46 at the beginning of the year. If you're planning to travel abroad or want to hedge with JPY, this real-world comparison test can save you over NT$1,500.
Why is it worth exchanging JPY now?
The Japanese Yen is not just a travel currency; it plays a key role in the global financial markets. When stock markets plummet or geopolitical tensions rise, funds often flow into safe-haven assets like the Yen—during the Russia-Ukraine conflict in 2022, the Yen appreciated 8% in one week, while stock markets fell 10%. For Taiwanese, exchanging some Yen adds an extra layer of protection for your assets.
Additionally, the Bank of Japan has just entered an interest rate hike cycle. Governor Ueda and his hawkish stance have pushed market expectations of rate hikes to 80%, with a potential increase to 0.75% on December 19 (a 30-year high). This policy shift has driven the Yen's strength, with USD/JPY from the beginning of the year...

The Taiwan stock market index fluctuated and consolidated today, but one group stood out by going against the trend—BBU concept stocks collectively launched an attack. Among them, Kabary(3323), Xingnenggao(6558), and Xisheng(3625) all lit up with limit-up gains, with Kabary even breaking through with increased volume, closing at 44.65 yuan and locked in. The entire related industry chain is on the rise, indicating that capital with volume has already entered early to position.
What is BBU? Why has it suddenly become a focus?
BBU (Battery Backup Unit) is essentially an emergency power supply device with built-in batteries. When the main power suddenly cuts out, it can instantly provide backup power, giving critical equipment time to save data or shut down safely, making it the last line of defense in power systems.
In the past, BBUs were mainly used in communication equipment, but now the situation has changed. With the explosive expansion of AI servers and data centers, these high-power-consuming devices have extremely high requirements for power stability.

Is now a good time to exchange to Japanese Yen?
On December 10, 2025, the TWD/JPY exchange rate reached 4.85, up about 8.7% from 4.46 at the beginning of the year. This exchange rate level is not considered low for Taiwanese investors, but from a risk hedging perspective, it is an ideal time to gradually build positions.
The Bank of Japan Governor Ueda Kazuo has signaled a hawkish stance, and the market expects a rate hike to 0.75% on December 19 (a 30-year high). Japanese bond yields have climbed to a 17-year high of 1.93%. After the US entered a rate-cutting cycle, the yen, as one of the three major safe-haven currencies (alongside the US dollar and Swiss franc), is attracting capital. In the second half of the year, Taiwan’s foreign exchange demand increased by 25% compared to the beginning of the year, mainly driven by two factors: tourism recovery and risk hedging.
Key observation: Short-term exchange rates fluctuate between 154-156, with medium- to long-term forecasts predicting a drop below 150. However, closing arbitrage positions may cause a 2-5% volatility. It is recommended to gradually build positions.

2024 US CPI Release Schedule
Investors must precisely track the US CPI release times, as this data often triggers significant asset price fluctuations. As an important indicator of the US Consumer Price Index, each CPI release can rewrite market expectations.
The US CPI is released on the first business day of each month or the nearest business day, with specific times varying due to time zone conversions:
- During Daylight Saving Time (mid-March to early November): 20:30 Taiwan time
- During Standard Time (mid-November to mid-March): 21:30 Taiwan time
The complete CPI release schedule for 2024 is as follows (Taiwan time):
| Month | Date | Release Time |
|-------|-------|--------------|
| January | 11th | Evening

Recently, the euro against the US dollar (EUR/USD) has performed strongly, with a quote of 1.1637 as of December 3rd, marking the eighth consecutive trading day of gains. Meanwhile, the US dollar index also failed to reverse its downward trend, reporting at 99.24, down 0.08%, marking the ninth consecutive day of decline. What market logic might be behind all this?
12月 is the "traditionally weak month" for the US dollar
Historical patterns may provide some answers. According to data from the past ten years, the US dollar index has declined in December in 8 of those years, with a probability of 80%, and an average decline of 0.91%. This makes December the worst-performing month for the US dollar throughout the year. From this perspective, the current performance of the dollar is not accidental but a continuation of its seasonal characteristics.
Based on the average historical decline, the US dollar index still has room to fall further this month. Deutsche Bank macro strategist Tim Baker's view

Financial markets are always full of variables. From the outbreak of the pandemic causing a crash in the US stock market to rising geopolitical risks, whenever extreme market conditions occur, investors seek safe-haven assets that can hedge risks. In essence, hedging involves shifting to assets that are relatively resistant to declines and highly liquid during periods of market instability to protect capital.
Top 5 Safe-Haven Currencies Overview
USD — The Traditional King of Safe-Havens
As the global reserve currency, the US dollar holds an unparalleled position. Whenever the market fluctuates, investors tend to increase their USD holdings. Although the US dollar index fluctuates with economic cycles, its global recognition and liquidity ensure its core role in investment portfolios.
JPY — The Cradle of Carry Trade
The Japanese yen has maintained low interest rates for a long time, making it highly favored in the forex market. Investors often borrow yen to invest in high-yield currencies to earn interest rate differentials. At the same time, the yen is highly liquid, allowing investors to close positions at any time, making it a traditional safe-haven asset.

This article introduces the basic concepts of stock technical analysis and the four main indicators, including Moving Averages, Relative Strength Index (RSI), Moving Average Convergence Divergence (MACD), and Stochastic Oscillator (KD). These tools help investors assess market trends and provide practical application suggestions. However, investors should combine fundamental and market analysis to improve decision accuracy and reduce risks.

Understanding the British Pound: The Fourth Largest Trading Currency Globally
The British Pound (GBP), as the official currency of the United Kingdom, is issued by the Bank of England and holds a significant position in the global foreign exchange market. According to trading data, the British Pound accounts for approximately 13% of the daily trading volume in the forex market, second only to the US Dollar, Euro, and Japanese Yen, making it one of the most liquid currencies worldwide.
The UK’s main trading partners are Europe and the United States, so the most closely watched currency pairs include EUR/GBP and GBP/USD. Among these, the GBP/USD is one of the most traded currency pairs in the forex market, attracting significant investor attention. In the GBP/USD quote, the base currency is the British Pound, and the quote currency is the US Dollar. The number indicates how many US Dollars are needed to exchange for one British Pound.
Market Characteristics of GBP/USD
The British Pound, as the third largest component of the US Dollar Index (with a weight of 11.9%), has unique characteristics in the market.

Why is the Japanese Yen now becoming a focal point?
In December 2025, the NT$ to JPY exchange rate reached 4.85, hitting a yearly high. This trend has not only attracted the attention of travelers but also sparked a risk-averse wave among investors. Compared to the exchange rate of 4.46 at the beginning of the year, the yen has appreciated by about 8.7%—meaning those holding yen assets are already enjoying currency exchange benefits.
Why has the yen become one of the world's three major safe-haven currencies?
During periods of global economic turbulence, capital tends to flow into the yen, US dollar, and Swiss franc. During the Russia-Ukraine conflict in 2022, the yen appreciated by 8% within a week, while the stock market fell by 10%, demonstrating the yen's safe-haven value. For Taiwanese investors, allocating assets in yen not only hedges against Taiwan stock risks but also protects assets under the pressure of NT$ depreciation.
At the same time, the Bank of Japan's monetary policy is shifting. Governor Ueda Kazuo recently signaled a hawkish stance, and the market expects the December 19 meeting to...

Apple announced the Apple Intelligence project in June 2024, which led to a significant surge in the stock prices of related suppliers. This market movement has caused many investors to start paying attention to the investment value of Apple-related stocks. What exactly are Apple-related stocks? How can one profit from the expansion of Apple's supply chain? This article will provide a detailed analysis.
What are Apple-related stocks?
Apple-related stocks refer to shares associated with Apple's business operations, mainly divided into two categories: first, companies within Apple's supply chain, including component manufacturers, assembly plants, and contract manufacturers; second, companies that have business collaborations with Apple, such as product sales and technology licensing partners.
These stocks are characterized by their performance being highly correlated with the sales of Apple products. Every year, Apple publicly releases a list of the top 200 global suppliers. Companies on this list often enjoy the benefits of stock price increases, while those removed from the list face downward pressure on their stock prices. For example, ZTE

NVIDIA Stock Performance Amid Market Changes
Entering the second half of 2024, NVIDIA's stock has exhibited typical high volatility. In mid-June, the company's market capitalization reached a peak of $3.34 trillion, once becoming the world's largest company by market value, surpassing Apple and Microsoft. However, the stock price subsequently experienced a significant correction, falling over 20% by the end of June, marking the worst monthly performance since September 2022, with a loss of nearly $800 billion in market value.
By the end of the third quarter, NVIDIA's stock began to rebound. As of mid-October, the monthly increase reached 25%, with the stock price climbing to around $134.80, just shy of the previous high of $135.58. This rally has driven a recovery across the entire tech supply chain, benefiting related upstream companies.
Core Logic of NVIDIA Concept Stocks
What are NVIDIA concept stocks? Since NVIDIA adopts a fabless model, focusing on chip design and technology development, actual manufacturing and packaging are outsourced to third-party foundries.

Have you ever wondered why every time you read financial news, the anchor is discussing the dollar trend? More importantly—what exactly is the dollar index composed of, and how does it affect your investments?
Many people are both unfamiliar and familiar with the dollar index. Stock investors know it influences the Taiwan stock market, forex traders watch it to decide when to enter or exit, and those holding dollar assets are more concerned about its rise and fall. But if you ask, "What exactly are the components of the dollar index?" many might not be able to answer.
First, understand: What exactly is the dollar index measuring?
Imagine you want to assess a person's health status; you can't just look at height—you need to consider multiple indicators like weight, blood pressure, heart rate, and more. The dollar index follows this logic—it’s not just a simple exchange rate, but a measure of the overall strength of the dollar relative to other international currencies.
Specifically, the dollar index tracks the exchange rate changes of the dollar against six major currencies. These six currencies are:
- Euro (EU

If you are learning technical analysis of crypto assets or stocks, the RSI indicator is definitely a topic you can't avoid. This indicator is popular for its simplicity and ease of use, especially for novice investors; it is the best entry-level tool for technical analysis. So, how exactly is RSI calculated? How should you choose the parameters for RSI? What should you do when encountering divergence and weakening phenomena? This article will reveal these mysteries one by one.
Understanding the Core Principle of the Relative Strength Index
RSI (Relative Strength Indicator) is a technical tool used to measure the recent strength of market gains and losses. Its core logic is: by calculating the ratio of upward to downward price movements of stocks or crypto assets over a period of time, it determines the change in market bullishness and bearishness.
The main reasons why RSI is so popular among traders are twofold: first, the calculation method is straightforward

On December 19th, the Bank of Japan announced a 25 bps rate hike, raising the policy interest rate to 0.75%, the highest in nearly 30 years. However, following the rate hike announcement, the US dollar against the Japanese yen actually strengthened, breaking the market's original expectations.
Rate hike signals less hawkish than expected
Ueda Kazuo was unable to provide clear policy guidance that the market was expecting during the press conference. He emphasized that it is difficult for the central bank to determine the neutral interest rate level in advance. Currently, the estimated range remains at 1.0%–2.5%, and he stated that adjustments will be made when conditions permit. This ambiguous stance caused confusion in the market regarding the pace of subsequent rate hikes.
The central bank's statement mentioned that if the economic and price outlooks align with current forecasts, the pace of rate hikes will continue. However, due to the lack of a specific timetable, the market generally interpreted this as a relatively dovish stance.
Market expectations vs. hawkish signals gap
ANZ Bank strategist Felix Ryan pointed out that although the Bank of Japan has already initiated

Candlestick charts, also known as K-line charts, are the most fundamental and important tools in technical analysis. Whether for short-term trading or long-term investing, learning to interpret K-line charts is an essential skill for traders. This article will delve into the construction principles of K-line charts, the meanings of different patterns, and practical analysis techniques to help you make precise market judgments like a professional trader.
What is a K-line chart? The basic structure of candlestick charts
K-line charts condense market price movements over a period of time through four prices—opening price, closing price, highest price, and lowest price—and convey market sentiment and trader psychology through colors and patterns.
The composition of a K-line includes two core parts:
The K-line body refers to the rectangular area of the candlestick, which changes color based on price movement. When the closing price is higher than the opening price, the body is red, called a bullish line; when the closing price is lower than the opening price, the body is green, called a bearish line. The color definitions can vary across different markets.

The New Taiwan Dollar to Japanese Yen exchange rate has reached a new high of 4.85, reigniting travel to Japan and investment interest in the Yen. But do you know? Choosing the wrong currency exchange method can result in an additional 3-5% cost due to exchange rate spreads and fees, which is equivalent to exchanging several thousand Yen less. This article provides an in-depth analysis of the four major currency exchange channels, real-time exchange rate trends, and financial planning after exchanging Yen to help you make precise arrangements.
Why is Yen worth allocating? A three-dimensional analysis
Lifestyle application
Whether shopping in Tokyo, skiing in Hokkaido, or vacationing in Okinawa, cash transactions in Japan still account for the majority (credit card penetration is only 60%). Purchasing agents, Japanese online auctions, and students working abroad also frequently need Yen payments. For Taiwanese consumers, exchanging Yen has become a necessity.
Financial hedging characteristics
The Yen ranks among the world's three major safe-haven currencies (alongside the US Dollar and Swiss Franc). Historically, whenever there are geopolitical conflicts or market turbulence, funds tend to flow into the Yen. Taking the 2022 Russia-Ukraine war as an example, the Yen appreciated by 8% in a single week.

Basic Understanding of the US Dollar Index
In the financial markets, we often see investors discussing topics like "US dollar trend" and "US dollar index hitting new highs." But what exactly is the US Dollar Index? In simple terms, it is an indicator tool that measures the strength of the US dollar relative to major international currencies.
The US Dollar Index (ticker symbols: USDX or DXY) is essentially a weighted index that tracks the exchange rate performance of the US dollar against six major international currencies. These six currencies are:
- Euro (EUR) - weight 57.6%
- Japanese Yen (JPY) - weight 13.6%
- British Pound (GBP) - weight 11.9%
- Canadian Dollar (CAD) - weight 9.1%
- Swedish Krona (SEK) - weight 4.2%
- Swiss Franc (CHF) - weight 3.6%
As the world's primary medium of exchange and reserve currency, the US dollar index