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Currently, Bitcoin is hovering around $91.17K, and market sentiment is extremely fearful. The Federal Reserve's recent interest rate cut policy has sparked disagreements, and future liquidity improvements may be slow. On-chain market signals indicate that investors are withdrawing funds from exchanges, suggesting bottom accumulation. Different investors should adopt differentiated strategies based on market conditions; long-term holders can focus on buying opportunities at historical lows. The upcoming leadership change at the Federal Reserve may impact liquidity, but the overall market trend remains positive. Investors need to seize long-term opportunities.

At the end of the year, the crypto market faces a "liquidity vacuum" dilemma. Ethereum(ETH) has recently lacked trading volume support, quickly retreating after a surge. Institutional fund outflows have increased, while retail investors are significantly adding to their positions. The key support level is at 2970-3000. If it falls below 2900, the risk will increase. It is recommended to maintain a light position and set stop-losses, and look for opportunities once liquidity recovers.

The Core Drivers of Strong Stock Price Performance
On the 23rd, Taiwan's leading advanced materials and precious metals recycling company, Koyo Industrial (1785), saw its stock price break through a nearly six-month consolidation range, with a strong intraday limit-up. It ultimately closed at 69.3 NT dollars, reaching a new high not seen since July last year, surpassing one and a half years. This rally is not a fleeting phenomenon; at the close, there were still tens of thousands of buy orders queued at the limit-up, reflecting the market's shift from cautious observation to optimistic outlook on Koyo Industrial.
Dual Engines of Fundamental Growth, Revenue and Profit Rise Together
Koyo Industrial's latest consolidated revenue for November reached 3.816 billion NT dollars, a month-on-month increase of 14% and a year-on-year growth of 26.39%. Not only did this set a new record for the month, but the cumulative revenue for the first 11 months also refreshed the same period records of the past decade. Behind this impressive performance is the company's continuous optimization of its VAS (Value-Added Services, which excludes the raw material costs of precious metals) business. Compared to general precious metals trading, the gross margin of the VAS business...

What is inflation?
Inflation, abbreviated as "inflation," refers to an economic phenomenon where prices continuously rise over a period of time. When inflation occurs, the purchasing power of the same amount of money gradually decreases, in simple terms, money becomes increasingly worthless. The most common indicator used to measure inflation is the Consumer Price Index (CPI), which reflects changes in the prices of goods and services purchased by consumers.
Where does inflation come from?
The essence of inflation is that the amount of money circulating within the economy exceeds the actual demand, with too much money chasing limited goods. The main factors causing inflation include:
Demand-pull inflation: When demand for goods increases, businesses boost production and raise prices. As business profits increase, it further stimulates consumption, creating a cycle. Although this leads to rising prices, it also drives economic growth (GDP). Governments often actively stimulate demand to promote economic development.
Cost-push inflation: Raw materials

The divergence rate is a technical indicator that measures the deviation of stock prices from moving averages and can reflect market sentiment. Its calculation requires selecting appropriate moving average periods and parameters, and adjusting them flexibly. To effectively use the divergence rate to find buy and sell points, it is necessary to set overbought and oversold thresholds, combine multiple moving averages and other technical indicators for analysis, and avoid using it alone, in order to improve trading success rates.

This article provides an in-depth analysis of candlestick charts (K-lines), including their structure, patterns, and practical applications. It focuses on the components of K-lines, classification by time cycles, and pattern interpretation. Additionally, it offers core principles and practical techniques for traders' analysis, helping beginners understand market sentiment and trend judgment.

As the largest and most mature stock market in the world by trading volume, the US stock market attracts investors from around the globe. This market is home to top global companies such as Apple, Microsoft, and Google. Its transparent trading system with few restrictions makes it an important choice for investors looking to diversify their assets. However, for beginners, there are many things to understand about entering the US stock market—what are the trading rules? How much capital should be prepared? How can one make money? This article will comprehensively unveil the mysteries of the US stock market.
Understanding the Trading Rules of the US Stock Market
To invest in US stocks, you first need to grasp the basic trading system. The US stock market consists of three major exchanges: the New York Stock Exchange (NYSE), the NASDAQ Stock Market (NASDAQ), and the American Stock Exchange (AMEX).
Trading Hours (Note the Time Zone Conversion)
US stock trading hours follow Eastern Time (GMT-5):
- Regular trading hours: Monday to Friday, during daylight saving time

The Four Main Players in the US Stock Futures Market
When it comes to US stock futures trading, we must mention the four most active futures contracts on the American exchanges. These contracts track the S&P 500 Index, Nasdaq 100, Russell 2000, and Dow Jones Industrial Average, collectively forming the core trading ecosystem of the US stock futures market.
The Chicago Mercantile Exchange (CME) offers two levels of contract options for each index—mini contracts and micro contracts, with micro contracts costing only one-tenth of the mini contracts. For investors looking to participate in US stock futures trading with smaller capital, this diversified selection provides greater flexibility.
What exactly are futures? Returning to the most basic definition
US stock futures are essentially agreements between buyers and sellers to trade a stock index at a predetermined price at a specific future time. Unlike other asset classes, US stock futures track a basket of stocks.

The article discusses two ways for Taiwanese investors to enter the US stock market: via omnibus accounts and overseas brokers. Omnibus account fees are high, suitable for small and infrequent trades; while overseas brokers offer low commissions, suitable for those with sufficient funds and frequent trading. When choosing, consider trading amount and frequency to find the most cost-effective path.

The current global geopolitical situation is tense, regional conflicts are frequent, and countries' defense spending continues to rise. The underlying logic is simple—modern warfare emphasizes technology, information, and precision strikes rather than manpower tactics. The rise of new weapons such as drones, precision missiles, and information warfare has created long-term growth opportunities for a number of defense stocks. For investors, the key challenge is how to accurately select among numerous military industrial companies.
What are military stocks and arms stocks?
Military stocks (or arms stocks) generally refer to publicly listed companies whose products or services are related to national defense, covering a wide range. From small items like military water bottles and uniforms to large systems like fighter jets and missile systems, as long as the company supplies directly or indirectly to defense departments, it can be classified as a military stock.
In a broad sense, as long as the company's clients include government defense departments, or its upstream suppliers have business dealings with the Ministry of Defense, the company has military industry attributes. This also explains why some stocks that seem "unrelated"

Digital wallets (also called electronic wallets) are becoming a vital infrastructure in today's cashless society. By consolidating payment information, multiple payment methods, and access authentication for various services into a single device, users can seamlessly complete transactions through near-field communication or online shopping platforms.
Market Size Expansion and Major Player Trends
As of 2023, the global digital wallet market is experiencing remarkable growth. The rapid proliferation of smartphones and the explosive increase in online payment demand are driving this expansion. PayPal, Apple Pay, Google Wallet, Samsung

Trump's strategy to appoint temporary Federal Reserve governors aims to influence monetary policy for economic growth but risks undermining market confidence and increasing systemic risk. This dual approach has significant implications for asset performance and financial stability.

A delivery worker from Zhejiang made headlines this year after turning 500 USDT into 60,000 USDT within six months—a staggering 120-fold return that dwarfed his entire decade of delivery earnings. His secret? A disciplined approach to the 5-day moving average strategy, a method so straightforward th

Tax filing season often brings confusion for business owners and independent contractors alike. The distinction between Form 1099-MISC and Form 1099-NEC is crucial—choosing the wrong one can delay your tax filing or trigger compliance issues. Here's what you need to know to navigate these two IRS fo

By December 2025, the Taiwanese dollar against the Japanese yen reached a level of 4.85, appreciating nearly 9% since the beginning of the year. Whether you're planning a shopping trip to Tokyo or positioning for hedging assets amid exchange rate fluctuations, now is the critical moment. But did you know? Simply choosing different exchange channels can result in cost differences of up to thousands of yuan.
Two main reasons to exchange for Japanese yen
Travel and Consumption
Traveling to Japan remains the favorite overseas choice for Taiwanese people. Tokyo department stores, Osaka night markets, Hokkaido hot springs—these classic attractions mostly accept cash (credit card penetration is only 60%), making yen cash a necessity. Additionally, from purchasing Japanese cosmetics and anime merchandise to online shopping in Japan, many enthusiasts are accustomed to transacting directly in yen. Those planning to study abroad or work holiday in Japan also need to exchange currency in advance to avoid the cost pressures caused by sudden exchange rate fluctuations.
Financial Investment Perspective
The Japanese yen is one of the world's three major safe-haven currencies (along with the US dollar and Swiss franc).

FTM (Fantom) has become one of the most notable blockchain projects in recent years. It has entered the competition with leading smart contract platforms like Ethereum, with clear standout features. Let's take a look at what FTM Fantom is and why it is worth watching from an investment perspective.
The core of Fantom is to solve problems that remain obstacles

Every time you open financial news, you see headlines like "US Dollar Index Hits New High" or "US Dollar Index Pulls Back." But do you really understand what the US Dollar Index (USDX) represents? How do its rises and falls relate to your stocks, gold, or even Taiwan stocks?
In fact, the US Dollar Index (abbreviated as USDX or DXY) is not just an indicator that economists pay attention to; it is also a crucial tool that every global investor should master.
What is the US Dollar Index? The "thermometer" of global finance
If you're familiar with the stock market, you've probably heard of indicators like the "S&P 500" or the "Dow Jones Industrial Average," which track the performance of a basket of stocks. The logic behind the US Dollar Index is similar; it doesn't track company stocks but measures the strength of the US dollar against six major international currencies.
The six currencies that make up the US Dollar Index are:
- Euro (EUR)
- Japanese Yen (JPY)
- British Pound (GBP)

Non-Farm Payrolls (NFP) and Small Non-Farm Payrolls: The Core Difference Between Two Employment Data Reports
Investors frequently encounter the concepts of "Non-Farm Payrolls" and "Small Non-Farm Payrolls" in market news, but what exactly do they represent?
Non-Farm Payrolls (NFP) is the official "Employment Situation Report" released monthly by the U.S. Bureau of Labor Statistics, covering three core indicators: non-farm employment, employment rate, and unemployment rate. Notably, the scope of NFP includes both private sector employment and government employment, reflecting the overall employment landscape of the U.S. non-farm population.
In contrast, Small Non-Farm Payrolls (ADP) is published by the private research firm ADP and is considered private sector data. The report is based on payroll data from approximately 500,000 U.S. companies, covering about 35 million private sector employees, focusing on employment trends within the private economy.
Release Schedule: Grasp Market Early Signals
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Understanding currency symbols is crucial for forex trading, as it can improve trading efficiency and simplify notation. The core of forex is currency pairs, and investors can profit from exchange rate fluctuations. Common currency symbols such as €, $, ¥ should be familiar to avoid confusion. Once you master these symbols, you can enter the forex market more smoothly and start trading.