MBG Markets：黄金再创新高，美元弱势短线恐难改变

Quantitative trading strategy
It is worth noting that the money market plays a crucial role in2020The year shows a stable and significant weekly momentum reversal effect,MBG动量反转量化策略再次来到前期高点附近，投资者下半年可继续参考我们的每周建议组合。另外，本周组合多头方向有一定调整。
MBGQuantitative strategy year to date relative benchmarkS&P 500 Total Return IndexAnnualized alpha（ α） by13%. The quantitative model adjusts positions weekly and places orders at the opening on Mondays and closes positions on Fridays. Each currency is paired with a standard hand, and it is recommended to set a stop loss at0.3%. Without considering actual leverage,MBGThe quantitative strategy has significantly outperformed the target since the beginning of the year. For details, please refer to the "Quantitative Topic: Construction Based on Momentum Reversal Strategy"G7Currency Hedge Portfolio. The net value of the portfolio increased last week0.75%。本周组合及截至北京时间8month6day6:30The profit and loss are as follows, with a positive spread (storage fee).


Focus of foreign exchange market
避险货币方面，周三，美元指数继续走低，一度触及到上周低点92.54。主要是因美国7monthADP仅录得16.7万人，远低于预期的150万人，就业市场复苏的放缓也施压美元；此外，美债收益率的持续下跌也施压美元。今晚20:30，美国将公布当周初请失业金人数，市场预期为141.510000 people, the former value is143.4万人；考虑到此前初请人数已连续两周回升，而且美国就业市场复苏动能不足，预计后市美元指数仍以下探为主。

英国方面，周三，英镑兑美元一定涨逾90点。一方面是因美元的弱势，另一方面英国7Monthly service industryPMIcreate2015year7月以来新高也带动了英镑的上涨。今日14:00，英国央行将公布利率决议和会议纪要。目前市场普遍预期英国央行在此次会议上不会做出任何政策调整，但不排除可能会透露在11月扩大刺激的可能，这或许会给英镑的走势带来压力。因此，中线我们继续维持英镑是有压力的，短线英镑为震荡偏强结构。

商品货币方面，近日美国强劲的企业财报和对即将出台的更多刺激措施提振了市场风险偏好，股市的集体上涨，这对澳元领衔等商品货币构成了一定支撑。此外，近期大宗原物料价格的上涨，也提振了商品货币，短线继续维持其为震荡偏多结构。


commodity market

hand over易偏好 –  今日维持crude oil（WTI）、gold（XAU）均为高位震荡结构。
黄金方面，昨晚“小非农”数据不及预期，带动了金价大涨，此外，美元的走软和美债收益率下降也促使投资者囤积黄金。因此，中线我们继续维持金价为震荡偏多结构。但需注意近期金价涨幅过大，部分投资者可能有获利了结的欲望，从而可能会引发震荡。

油价方面，隔夜油价大涨，一方面是因美国上周EIALarge reduction in crude oil inventory737.3万桶，另一方面欧洲和亚洲经济复苏明显，需求的整体上升也提振了油价。但考虑到近期疫情仍然严峻，这或将限制油价的升幅。因此，短线维持油价为震荡结构。


stock market indexprospect
港股方面，周三，恒生指数收涨0.62%Report25102.54点。其中，生物医药涨幅靠前。考虑到近期美股走势较强，短线港股还是有支撑的。技术上看，继续关注24000Support and26000The pressure.

abstract
CFTC资金流数据显示，加元、英镑、美元空头仍处于极值，因此，预计短期随着资金流入并支持其回涨，另外，欧元、澳元多头也处于极值。
Europe/USA and Australia/美、纽/美多头可再次兑现部分利润。

Economic Calendar

Risk Statement and Important Notes
transactionforeign exchangeMargin and contract for difference trading involve high risks and may not be suitable for all investors. You may encounter losses exceeding the principal amount during trading.
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