Sterling: In the early Asian market, GBP/USD opened at 1.7837, and then the exchange rate quickly fell below 1.7800, and set an overnight low. BNP Paribas said that GBP/USD will fall to 1.7 100 before the end of the year, because the recession of the British economy may be relatively long. This will be the lowest exchange rate since 20051October 28th 165438+ 1.7049. Some analysts believe that because the fundamentals of the British economy are the weakest among all major economies, the market has the highest expectation that the Bank of England may cut interest rates. Therefore, although the short-term correction has been fierce, the exchange rate of the pound may continue to be under pressure. In addition, the British government's plan to stimulate the housing market failed to attract market interest. At the end of the Asian market, GBP/USD reported 1.7760/64.

Euro: In early Asian market, Euro/USD opened 1.4522. Due to the overnight drop in crude oil prices, US stocks rose first and then fell, causing the Asian market to sell euros. According to data released on Tuesday, the monthly PPI rate in the euro zone increased by 1. 1% in July, which was lower than the expected 1.2%, compared with 0.9% last month. On the policy side, Papademos, vice president of the European Central Bank, said that the uncertainty of financial stability in the euro zone had increased this week, and the data showed that some markets had experienced new turmoil. In addition, the tension between the EU and Russia also put pressure on the euro, after Russia announced that it would suspend gas supply to the EU for three days due to technical reasons. EUR/USD once fell to 1.44 1 1 in intraday trading, and then stubbornly rebounded to 1.4450 near the key support. In the coming period, the euro zone will announce the retail sales in July and the revised GDP in the second quarter, which deserves close attention. At the end of the Asian market, EUR/USD reported 1.4462/65.

brief introduction

money market

Positions are also used as the head lining, indicating the amount of money or funds, usually referring to the difference after income and expenditure break even. Income is greater than expenditure, which means more positions, and expenditure is greater than income, which means fewer positions.

Currency position, also known as cash position, refers to the amount of surplus or shortage of funds after the daily income and expenditure of commercial banks reach balance. Currency position is an important trading tool in interbank lending market, and it is the result of the implementation of deposit reserve system by financial management authorities.

It is a common word in the financial industry and is often used in finance, securities, stocks and futures trading.

For example, when a futures account opens a position, the position held after buying a futures contract is called a long position, referred to as a long position; The positions held after selling futures contracts are called short positions, referred to as short positions. The difference between open long contracts and open short contracts is called net position. This only exists in futures trading, but not in spot trading.

In foreign exchange transactions, "opening a position" means opening a position. Opening a position, also known as exposure, is the act of buying one currency and selling another. After the opening, one currency is long (long) and the other currency is short (short). Choosing the right exchange rate level and the timing of opening positions are the premise of profit. If the timing of entering the market is good, the chances of profit will be great; On the other hand, if the timing of entering the market is improper, it is prone to losses. Net position refers to the trading difference between one currency and another after the opening.

In addition, there are statements from the financial industry, such as tying positions and borrowing positions.

There are many kinds of holding dates: the first holding date (the first day of futures delivery process) and so on, most of which refer to the day when money is used.

According to the standards of the International Monetary Fund, the items in the international investment position table are set according to assets and liabilities. Assets are subdivided into four parts: foreign direct investment, securities investment, other investments and reserve assets; Liabilities are subdivided into three parts: direct investment in China, securities investment and other investments. Net position refers to external assets minus external liabilities.