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The market entered the trading day with palpable tension as the dual release of U.S. initial jobless claims and producer price index data sent shockwaves across cryptocurrency positions. Bitcoin's hesitation and Solana's subdued response highlight the current dilemma: economic indicators suggest

Review of the U.S. Rate Hike Process
Since the start of the rate hike cycle in March 2022, the Federal Reserve has raised interest rates by a total of 20 basis points, with the benchmark rate increasing from near 0% to the 5.00%-5.25% range. This round of rate hikes is considered the most aggressive in history, with the Fed raising rates at every one of the ten policy meetings, including four consecutive months of 75 basis points increases in the latter half of 2022. All of this was driven by the inflation rate in the U.S. reaching a 40-year high in June of that year.
Entering 2023, although signs of inflation easing have appeared, the target of 2% is still far off. Coupled with stability concerns triggered by the mid-year financial institution turmoil, markets are full of expectations for possible rate cuts in the second half of 2023.
Why is Taiwan the most affected? Chain reaction of currency depreciation
When the U.S. dollar appreciates, the New Taiwan dollar (NTD) depreciates relative to it. This trend was especially evident in 2023, with the NTD continuously weakening against the U.S. dollar. The most direct consequence of currency depreciation is the increase in the cost of imported goods.

The article discusses the Taiwan Stock Exchange's disposal stock system, explaining the reasons and impacts of restricting trading due to abnormal trading activities. Disposal stocks are divided into two levels, with trading conditions gradually tightening, which may result in decreased liquidity. Investors should pay attention to the company's fundamentals and market sentiment, reasonably grasp the buying opportunities, and carefully assess the risks. Disposal stocks do not mean that investments are worthless; the key lies in the company's quality and prospects.

The Truth Behind the Federal Reserve's Aggressive Rate Hikes
Since the start of the rate hike cycle in March 2022, the U.S. Federal Reserve has completed a total of 20 bps increases (a total of 500 basis points) within just over a year, raising the benchmark interest rate from near zero to the 5.00%-5.25% range. What makes this wave of rate hikes noteworthy is not only the magnitude but also the pace—four consecutive months in 2022 (June, July, September, November) each saw a 75 bps increase, which is rare in Fed history.
The fundamental reason driving all this is the inflation crisis. In June 2022, U.S. inflation reached a 40-year high, forcing the Fed to take aggressive action. Although inflation has since begun to decline, it remains well above the 2% target, and markets generally expect the U.S. to consider another round of adjustments in 2024.
TWD Depreciation and Rising Costs: The First Wave of Rate Hike Impact

With so many technical indicators in trading software, are beginners overwhelmed? Today, let's talk about the most practical one—the Stochastic Oscillator, also known as the KD indicator.
Why learn it? Because it can help you:
- Find suitable entry and exit points
- Identify signals of price reversals
- Judge whether the market is overheated or oversold
For newcomers to trading, mastering the KD indicator is considered a must.
What is the KD value? Understanding from a practical perspective
The KD indicator is an oscillating indicator ranging from 0 to 100, developed by American analyst George Lane in the 1950s. Its core purpose is to capture changes in market momentum and trend reversals.
Simply put, the KD value reflects: over a recent period (usually 14 days), where today's price stands within the entire price range

Recently, gold prices have continued to rise, mainly driven by policy uncertainty, expectations of monetary easing, and central bank holdings increases. Although the market may experience short-term fluctuations, institutions generally remain optimistic about future gold prices and recommend investors adopt diversification and risk control strategies.

First, understand the true difference between NFT and the Metaverse
Many people confuse NFT and the Metaverse, but these two are fundamentally different. What is an NFT (Non-Fungible Token)? Simply put, it is a digital asset certificate based on blockchain technology, while the Metaverse is the virtual world that hosts these assets.
For example: you spend 60 yuan to buy LINE stickers, and a collector spends thousands of yuan to buy NFT art. On the surface, both are "virtual things," but the underlying logic is completely different. The former purchases a "usage right," controlled by the platform, and disappears once the service is taken down; the latter purchases "ownership," recorded on the blockchain, allowing free trading across any platform.
Evolution and Core Support of the Metaverse Concept
The term "Metaverse" originates from Neal Stephenson's 1992 science fiction novel "Snow Crash," depicting a virtual world parallel to reality. But in modern times, the Metaverse

The gold market has become a focus of investment in 2024, with expectations of a significant rise in 2025 due to policy uncertainties, interest rate cut expectations, and central bank holdings. However, investors should make decisions based on their own circumstances and risk tolerance, avoid blindly following trends, and be aware of gold's volatility and high trading costs.

The NT dollar to Japanese Yen has surged to the 4.85 level. With the revival of travel demand to Japan and increased risk-hedging investments, the Yen has become one of the hottest foreign currencies recently. But do you know? Just choosing which channel to exchange through can result in a price difference of up to NT$2,000, enough to buy several drinks. Which currency exchange method is the most cost-effective? Is now the right time to enter the market? We analyze the latest market data to give you a comprehensive explanation.
Why has the Yen become the preferred foreign currency?
When it comes to currency exchange, Taiwanese people's first reaction is often the Yen. The reasons behind this are beyond imagination.
Widespread practical applications
Travel expenses in Japan still largely rely on cash (credit card penetration is only 60%). Whether shopping in Tokyo, skiing in Hokkaido, or vacationing in Okinawa, preparing sufficient Yen is essential. Those purchasing Japanese cosmetics, clothing, or anime merchandise also need to pay directly in Yen. Students planning long-term stays in Japan and working holidaymakers also start exchanging currency early to avoid fluctuating exchange rates.

Is the market turning point here? The Fed's move changes the game
Last week, the Federal Reserve officially halted balance sheet reduction(QT) and immediately launched the Reserve Management Purchase(RMP) program, which is expected to inject $40 billion in liquidity over the next 30 days. Although strictly speaking this is not a full QE, it essentially continues to release cash into the financial markets. Major global bond yields are rising, and signals of re-inflation are becoming increasingly clear. This shift is crucial for the future direction of various assets.
The US dollar index faces a critical decision; 97.9 is the line between life and death
The US dollar index fell 0.3% on Thursday(December 11), with a low of 98.13 during the session, just a hair away from 98.0. From a technical perspective, since November 21, the dollar has been weakening continuously, with successive lower lows clearly indicating that the downtrend remains intact.
In the short term, if the dollar can hold above 98.0, there is still potential

You may have seen this phenomenon in the stock market: a stock that surges over 100% in just one month looks very tempting, but suddenly you find that you can't execute trades as quickly as usual, day trading is disabled, and margin trading is also suspended. At this point, you should be alert—this stock is very likely to have entered the designated stock list.
So what exactly is a designated stock? Why are there these trading restrictions? Most importantly, does it still have investment value? This article will comprehensively analyze the investment logic behind designated stocks.
From abnormal trading to designated stocks: Taiwan Stock Exchange's three-tier warning mechanism
The Taiwan Stock Exchange manages abnormal trading stocks in three stages: Attention Stock → Warning Stock → Designated Stock.
When a stock exhibits the following conditions in a short period, it will first be classified as an Attention Stock:
- Price increase of over 100% within 30 trading days
- Single-day turnover rate exceeding 10%
- Abnormal trading volume amplification over the past 6 days
Important

The NT dollar to Japanese yen exchange rate has reached 4.85, an 8.7% appreciation from the 4.46 at the beginning of the year. Many people are starting to seriously consider exchanging for yen. But the question is, how to exchange without paying an extra cup of bubble tea in the price difference?
Let's first look at the cost differences among 4 exchange methods.
Exchanging 50,000 NT dollars for yen incurs significantly different losses depending on the channel:
In-person cash exchange: Loss of NT$1,500-2,000 (cash selling rate difference plus possible handling fees)
Online currency exchange + in-person withdrawal: Loss of NT$500-1,000 (better exchange rate, but withdrawal fees apply)
Online settlement + scheduled withdrawal: Loss of NT$300-800 (the most cost-effective way before traveling abroad)
Foreign currency ATM instant withdrawal: Loss of NT$800-1,200 (convenient but limited locations)
For small investors, choosing the right exchange method alone can save hundreds to nearly a thousand NT dollars.
Why is exchanging yen now considered favorable?
Exchange

Year-end travel season is coming, and many people are asking: Is it a good time to exchange yen now? In December, the NT dollar to Japanese yen has surged to 4.85, up from 4.46 at the beginning of the year, an appreciation of over 8%. But the real issue isn't the fluctuation of the exchange rate, rather choosing the wrong currency exchange channel could cost you an extra 2,000 NT dollars each time. This article breaks down the latest four methods of currency exchange and compares them using the Korean won exchange rate, so you can easily see the cost differences at a glance.
Why is it worth exchanging yen? Not just for travel currency
When it comes to exchanging foreign currency, Taiwanese people's first reaction is Japanese yen. The reason isn't just because they love to visit Japan; from daily life to investment, the yen has practical demand:
Living scenarios: shopping in Tokyo, skiing in Hokkaido, vacation in Okinawa—most places only accept cash (credit card penetration is only 60%). Japanese purchasing agents and online shopping transactions often require direct yen payments. Students studying abroad or working holidaymakers also need to exchange currency in advance to avoid sudden exchange losses.
Investment perspective: the yen is one of the three major safe-haven currencies globally.

Communications satellite component leader Shengda Technology (3491) reported an impressive November financial statement. Monthly revenue rose to NT$285 million, setting a new record high, a significant increase of 48% compared to the same period last year; net profit after tax for the month reached NT$86 million, with earnings per share (EPS) of NT$1.3, up 13% year-on-year. Compared to the third quarter revenue of NT$484 million, the November performance clearly warmed up.
Cumulative revenue for the first 11 months reached NT$2.132 billion, up 1.34% year-on-year, reaching a high level for the same period in history. Although net profit after tax for the first three quarters was NT$303 million, with EPS of NT$4.6, slightly lower than the same period last year, it still maintained a second-highest level in history for the same period. Supported by strong fundamentals, Shengda Technology's stock price has recently performed strongly. After breaking the NT$600 mark last week, it closed today at NT$628, with continued market buying interest.
Low Earth Orbit satellite orders are booming, with revenue share soaring to 65%
Shengda Technology's performance growth is primarily driven by

Market Focus Scan
On Monday, global financial markets experienced turbulence. The major US stock indices all declined, with the Dow Jones Industrial Average down 0.45%, the S&P 500 falling 0.35%, and the Nasdaq Composite slightly down 0.14%. Correspondingly, the fear gauge VIX and bond volatility index MOVE both rose, with VIX increasing by 8.25% and the MOVE index climbing 7.46%, reflecting a shift in market sentiment towards caution.
Oil and precious metals also came under pressure. WTI crude oil prices dropped 2.14% to $58.83 per barrel, gold fell below the $4200/oz mark, currently at $4190/oz, a decline of 0.17%. In the crypto sector, Bitcoin showed a modest gain, rising 0.27% in 24 hours to $90,699; Ethereum performed relatively strongly, up 2.09% in 24 hours to $3,129.
Trump approved Nvidia to export AI chips to China,

What are U.S. Treasury Bonds? Why invest in them?
U.S. Treasury Bonds are debt instruments issued by the U.S. government to the market, essentially representing investors' loans to the U.S. government. The government commits to paying fixed interest over a specified period and returning the principal at maturity.
Because of the highest credit rating in the country, U.S. Treasury Bonds are widely recognized as one of the safest investment assets globally. Compared to the high volatility of stocks, bonds offer stable cash flow and predictable returns, making them an important component of many investors' asset allocation. Whether individual investors, institutional entities, or central banks of various countries, all regard U.S. Treasury Bonds as a hedging tool and a source of income.
What types of U.S. Treasury Bonds are there?
U.S. Treasury Bonds are divided into four main categories based on maturity periods, each with its own characteristics, suitable for different investment needs:
Short-term Treasury Bonds (Treasury Bills, T-Bills)
Term features: Maturity within 1 year

Taiwan Dollar Exchange Rate Dramatic Shift: From Warning Signs of Depreciation to Surprising Rebound
Remember a month ago? The entire market was worried that the New Taiwan Dollar would break through 34 or even 35 against the US dollar, and the Taiwan stock market was also trembling. Unexpectedly, in just 30 days, Taiwan's financial market has undergone a 180-degree turnaround.
How fierce was this reversal in early May? On May 2nd, the New Taiwan Dollar against the US dollar surged by 5% in a single day, setting a 40-year record for the largest gain, closing at 31.064. Less than a week later, on May 5th, there was another 4.92% increase, breaking the psychological barrier of 30 yuan, with an intraday high of 29.59.
In just two trading days, the New Taiwan Dollar appreciated nearly 10%—how extraordinary is this speed? The foreign exchange market experienced the third-largest trading volume in history on that day, enough to demonstrate the shock in the market. To put it into perspective, from the beginning of this year until early April, the New Taiwan Dollar was slowly depreciating by about 1%. This reversal has been remarkably intense, and it can be considered one of the most significant in recent history.