PerpetualLonger

The article introduces the basic concept of a "lot" in forex trading and its derivative units, explaining the definitions and conversion relationships of standard lots, mini lots, and micro lots. It also discusses the operating principles of leverage and its importance in risk management, emphasizing the characteristic that leverage can amplify both gains and losses, and reminds investors to carefully manage risks during trading.

In 2026, the USD/JPY will experience intense volatility, with clear disagreements among investment banks regarding the yen forecast. The bears believe that policy stimulus suppresses the yen, while the bulls are optimistic about rate hikes and intervention expectations supporting the yen. Investment institutions generally predict the potential lows at the beginning of the year and the trend at the end of the year, advising investors to adjust their strategies flexibly based on market conditions.

The year-end foreign exchange market sees the RMB appreciate, with the USD to RMB exchange rate falling to a new low, driven by central bank policies and a surge in foreign exchange settlement by export companies. Market opinions on the RMB outlook for 2026 are divided, with some predicting further appreciation, but attention should be paid to the USD trend and the economic performance of China and the US.

What exactly is PCE? Why is the Federal Reserve so focused on it?
Many people have heard of the PCE index, but they always feel it's just a string of numbers. In fact, PCE (Personal Consumption Expenditures Price Index) is the most handy inflation measurement tool in the Fed's arsenal, even more important than the CPI.
Simply put, PCE reflects changes in people's spending across various areas such as food, clothing, housing, transportation, healthcare, and entertainment. Personal consumption makes up the majority of a country's total economic output, so fluctuations in PCE directly indicate the state of the economy—whether it's heating up or cooling down.
Why is the Fed so enamored with PCE? Because it is more comprehensive. PCE covers all consumer expenditures, including items like insurance and healthcare that the CPI might overlook. When PCE is high, it indicates genuine inflationary pressure; when PCE declines, the economy might be losing steam.
How is PCE calculated? Investors need to understand this logic.

The RMB to USD exchange rate has recently hit a new low. The depreciation of the US dollar, central bank policy guidance, and the year-end foreign exchange settlement surge are driving the RMB to appreciate. Analysis predicts that the RMB will still have room for appreciation in 2026. Multiple institutions forecast that the exchange rate will further decline, attracting more foreign investment.

Gold has recently surpassed the historic high of $4,500 due to weak US economic data and rising expectations of interest rate cuts. Safe-haven funds are flowing in large quantities, and the low-interest-rate environment reduces holding costs, leading to a reevaluation of gold's relative value and attracting investors to allocate assets.

In December 2025, the Taiwan dollar against the Japanese yen surged to 4.85, and suddenly more people are exchanging for yen. Are you ready to exchange? Don't rush to the bank—because choosing the wrong method could cost you an extra 1,500-2,000 yuan. We'll explain four exchange channels once and for all, and tell you how to still make a profit after exchanging.
Why exchange yen now?
First reason: Hedging. The Japanese yen is one of the three major safe-haven currencies globally (along with the US dollar and Swiss franc). During the Russia-Ukraine war last year, the yen appreciated by 8% in a week, while the stock market fell by 10%. Some people preemptively exchanged yen, effectively insuring their Taiwanese stocks.
Second reason: Appreciation. This year, the Taiwan dollar against the yen rose from 4.46 to 4.85, an appreciation of 8.7%. Simply exchanging currency can earn the difference. The Bank of Japan is about to raise interest rates to 0.75% (a 30-year high), leaving room for the yen to appreciate further.
Third reason: Interest rates. The yen fixed deposit annual interest rate is 1.5-1.8%, which seems low, but

The Japanese Yen to Chinese Yuan exchange rate depreciation intensifies, with USD/JPY breaking through 157. US stock futures rise, led by technology stocks, with Oracle's stock price soaring. The global options market faces a concentrated expiration of $7.1 trillion, increasing market volatility. Cryptocurrencies collectively rebound, with Bitcoin and Ethereum rising. The precious metals market shows divergence, with platinum surging and gold declining, indicating a shift in capital flows.

The performance of the RMB against the US dollar in 2025 can be described as a "bright future after dark clouds." After experiencing three consecutive years of depreciation from 2022 to 2024, the RMB exchange rate reversed its downward trend this year, demonstrating remarkable resilience. It fluctuated within the 7.1 to 7.3 range throughout the year, appreciating a total of 2.40%. The offshore RMB experienced even greater volatility, oscillating between 7.1 and 7.4, with an annual appreciation of 2.80%, and showing significantly higher sensitivity to international risk factors.
The most notable moment for the market was on November 26—driven by the improvement in China-US trade relations and rising expectations of Federal Reserve rate cuts, the RMB appreciated against the dollar to below 7.08, even reaching 7.0765 at one point, marking the highest level in nearly a year. What does this breakthrough signify? Let’s analyze it from historical context and future prospects.
Review of the RMB exchange rate cycle over the past five years
To understand the present, we must first look back at the past. The past five years

In 2025, Taiwan's technology industry faces a comprehensive shortage, leading to a record high in the number of high-value stocks, covering areas such as cooling and PCB. The demand for AI drives up the prices of advanced materials, and market funds flow into thematic ETFs, indicating that the 2026 new technological revolution will bring a new wave of device upgrades, continuously supporting related stock prices.

The article analyzes the implications of the US dollar exchange rate and its forecasted trend, indicating that the dollar is currently facing downward pressure and is expected to continue weakening in 2025. Historically, the dollar has experienced multiple cycles, and future predictions mainly involve the exchange rate trends of the dollar against the euro, pound, yuan, yen, and Australian dollar. Meanwhile, investors are advised to adopt flexible short-term and medium- to long-term strategies to cope with market volatility and changes in Federal Reserve policies.

The Historical Cycles of the US Dollar Index and Its Current Position
To understand the future trajectory of the US dollar, it is essential to review its historical path. Since the collapse of the Bretton Woods system in 1971, the dollar index has experienced eight complete cycle fluctuations.
In the early 1970s, after Nixon announced the end of the gold standard, the dollar entered a period of excess, compounded by the oil crisis, causing the index to decline below 90. Subsequently, during Paul Volcker's tenure as Federal Reserve Chairman, aggressive policies such as raising the federal funds rate to 20% pushed the dollar index to a historic high in 1985, followed by a long-term correction. Events like the dot-com bubble burst, the 2008 financial crisis, and the unlimited quantitative easing during the COVID-19 pandemic all contributed to multiple downward cycles of the dollar.
In 2022, the Federal Reserve launched its most aggressive rate hike cycle in 25 years to curb inflation, strengthening the dollar index. However, by the end of 2024 to early 2025, this

XRP is currently experiencing a decline in trading momentum, navigating a critical consolidation zone. Traders should monitor key support and resistance levels as the market may continue sideways, with caution needed due to reduced volume and potential volatility.

Why BRC-20 Tokens Conquered the Crypto Market
While Bitcoin was consolidating its position as a payment network, a silent revolution was taking place on its blockchain. BRC-20 tokens emerged as the answer many had been waiting for: bringing the functionality of fungible tokens

The Australian dollar's outlook in 2026 faces challenges, with central bank policy divergence and the impact of the Chinese economy becoming key factors. Although the market remains optimistic about the Australian dollar's future, geopolitical risks and fluctuations in the Chinese economy could affect its performance. Investors should be alert to potential risks.

Why is the 2022 GDP ranking data crucial for investors?
Gross Domestic Product (GDP) is a key indicator of a country's or region's economic strength, reflecting the final results of production activities over a certain period. For investors, analyzing changes in the 2022 GDP rankings can provide insights into the deeper logic of the global economic landscape, enabling more accurate asset allocation decisions.
The significance of GDP rankings lies not only in the ranking itself but also in the economic competitiveness, industrial competition patterns, and capital flows they reflect. Countries with high GDP rankings typically have greater influence in global trade, technological innovation, and financial systems. Meanwhile, fluctuations in the rankings reveal profound adjustments occurring in the world economic structure.
Although GDP is an important quantitative indicator, it also has limitations—it can only reflect the scale of the economy and cannot fully measure social development levels, environmental factors, and other aspects.

For those investing in US stocks, financial reports are like a company's report card, providing the most important firsthand information for researching publicly traded companies. However, novice investors often face three main challenges: how to find financial reports, when to see the release dates of each company's reports, and how to quickly extract key data from the hefty financial documents. This article will systematically help you solve these problems.
What exactly are financial reports?
Financial reports are official disclosures of a company's financial performance submitted quarterly to the U.S. Securities and Exchange Commission (SEC). Each report includes core data such as revenue, net profit, earnings per share (EPS), cash flow, assets, and liabilities, along with in-depth analysis from management on quarterly or annual performance and future outlook.
The SEC has standardized requirements for financial report data and format. Among them, GAAP (Generally Accepted Accounting Principles) is the standardized accounting framework that U.S. listed companies must follow. However, in order to present a more

What exactly is digital currency? Three levels every beginner must understand
The concept of digital currency may seem complex, but it can actually be broken down into three levels of understanding.
Broadly speaking, digital currency encompasses various forms such as electronic money and virtual currencies. Its core features include digital bookkeeping, storage and circulation through electronic systems, and the convenience of instant transactions and cross-border transfers. The transactions you currently perform using Alipay, PayPal, and similar platforms are essentially within this category.
However, when investors refer to "digital currency," they are usually specifically talking about digital encrypted currencies. These assets do not rely on any central authority, are generated based on cryptography and P2P technology, and are issued and circulated on the internet. Simply put, they are a completely new asset class driven entirely by code rules.
Currently, the global cryptocurrency ecosystem is quite mature—over 20,000 crypto assets are in circulation, with daily trading volumes exceeding hundreds of billions of dollars, and more than 300 million users worldwide.

Carry trade is a strategy that exploits the interest rate differentials between countries' currencies for arbitrage, especially in the context of a global interest rate hike cycle. However, this strategy carries risks such as exchange rate fluctuations, narrowing interest rate spreads, and liquidity risks. Successful carry trades require attention to the duration of the trade and the past price trends of the assets, along with proper risk management.