MEXGROUPEvening briefing2020-10-21

[paragraph]

Focus of foreign exchange market
In terms of safe haven currencies,日内，美元指数延续跌势，再创一个月新低至92.77，主要是因市场对美国大选前出台新一轮刺激计划的预期升温，而且今日谈判将继续，如果进展顺利，美元或将继续面临压力。此外，市场预期拜登胜选的概率上升，也对美元构成额外利空。因此，短线继续维持美元为偏空结构。

In terms of European currencies,日内，欧元兑美元创一个月新高。一方面是因美元指数创一个月新低，提振了欧元。另一方面，欧洲央行官员表示当下不需要进一步宽松，也提振了欧元。因此，短线继续维持欧元为偏强结构。

On the UK side,日内，英镑兑美元同样大幅上涨。一方面是因美元的回落，此外，目前市场对于英国和欧盟达成脱欧协议的预期升温，也提振了英镑。虽然，日内英国CPI年率以及零售物价指数月率均弱于预期。但短线我们同样维持英镑为偏多结构。

In terms of commodity currency,日内，商品货币集体大涨。主要是因目前市场预计美国大选后的风险偏好将有所改善，美联储也会出台激进的宽松政策，从而施压美元。此外，虽然前期澳元、纽元因全球疫情加剧，以及降息等消息影响承压，但当前基本已被市场提前消化，因而市场转向下月澳洲联储决议之后反而可能出现“买事实”的反弹。因此，短线澳元、纽元下行空间已有限，并有反弹预期。

commodity market
goldaspect,日内，金价小幅走弱，并创一周新高，主要是因市场对美国在11月之前出台一揽子刺激计划抱有新的乐观情绪，提振了黄金。另外，考虑到欧美疫情的恶化，短线预计金价有望继续震荡上攻。

In terms of oil prices,日内，油价小幅回落，主要是因全球新冠病例增加对需求构成威胁，外加APIcrude oil库存意外录得增加，构成的压力。今晚22:30Will be announcedEIA原油库存，市场预计将录得减少24Ten thousand barrels, the previous value is a decrease381.8万桶。但考虑到API库存意外增加，预计今晚EIA数据恐继续施压油价。

abstract
CFTCThe cash flow data shows that the short position in the US dollar is at its extreme value, so it is expected to rise in the short term with the inflow of funds and support. In addition, the long position in the euro is also at its extreme value.

Europe/USA and Australia/元、磅/美多头可继续持有。

Economic Calendar

(The above analysis only represents our views on the market and is for reference only;There are risks in the foreign exchange market, and investment needs to be cautious.MEXNot for(Direct or indirect)Responsible for any profit or loss that may arise from the use of this information.)
MEX Production ? Must be a boutique product
MEX GROUPWe are a world-class supplier of online financial products, brokerage services, and trading technology, providing high-quality online trading, clearing, and risk management services for retail and institutional clients. Our products includeforeign exchangeContracts for price differences, etc. Committed to providing the most stable platform and the lowest trading spread for our customers.