[News Side] 1. As of the trading day on November 12, the euro trading volume was 125,989 lots, an increase of 23,572 lots from the previous trading day; the open contracts were 539,908 lots, a decrease of 643 lots from the previous trading day; the trading volume of pounds was 82

[Message]

1. As of the trading day on November 12, the euro trading volume was 125,989 lots, an increase of 23,572 lots from the previous trading day; open contracts were 539,908 lots, a decrease of 643 lots from the previous trading day; the trading volume of pounds was 0.000 lots; the trading volume of pounds was 0.000 lots; It is 82449 lots, a decrease of 5616 lots from the previous trading day; open contracts in 202020 lots, an increase of 3295 lots from the previous trading day; yen trading volume was 96542 lots, an increase of 24620 lots from the previous trading day; open contracts 177519 lots, a decrease of 1105 lots from the previous trading day.

2. Hans Redeker, head of foreign exchange strategy at Morgan Stanley: The risk of a UK no-deal Brexit is still very low. In the medium term, the current valuation of the pound seems to be very low, and we are still buyers of the decline of the pound. .

3. Forex analyst Adam Cole: From the recent trend of the pound, it is constantly coping with the ever-changing prospects of early elections. We recommend investors to use bookmaker odds as a forecast guide.

4. Deutsche Bank strategist Jim Reid said that although the Brexit party's statement is beneficial to the ruling Conservative Party, it may only add 10-15 seats. So, this helps the Conservatives without fundamentally changing the situation.

[GBP exchange rate quote]

As of press time, 1 pound is exchanged for US$1.2845 today, 1 pound is exchanged for Canadian dollars 1.7017, 1 pound is exchanged for 1.1664 euros, 1 pound is exchanged for 140.0840 yen, 1 pound is exchanged for 1.2725 Swiss francs, 1 pound is exchanged for 1.8772 Australian dollar, 1 pound is exchanged for NZD 2.0072, and 1 pound is exchanged for RMB 9.0148.

[GBP Exchange Rate Trend]

GBP/USD daily chart,

daily chart, on Tuesday (12th), GBP/USD closed with a negative cross star, yesterday's intraday high point was 1.2874, the lowest point was 1.2816, closing at 1.2845, within the day. The decline was 0.08%. Judging from the single K-line pattern, the current market divergence between bulls and bears has increased, and the future market trend may reverse. Judging from the K-line trend, in the past two trading days, the US and US have failed to effectively break through the 1.2773 first-line support and rebound. In the short term, the US and US may continue to rebound to challenge the pressure of the 1.2927 first-line pressure. In the past 16 trading days, market short positions have dominated, and the US expects to still have room for a pullback in the short term. In the medium term, market bulls dominate, and the US and Pound are likely to continue the upward main trend. The MACD yellow and white line forms a dead fork shrinkage above the 0 axis, and the green column shrinks. Overall, the short-term rebound against the US dollar is expected to continue to challenge the pressure of 1.2927 first-line pressure, but there is still room for a pullback in the future. The mid-term market is likely to continue the upward main trend. If the US breaks through the pressure above, the market will continue to pay attention to the pressure on the 1.3013 line in the future; if it cannot break through, the market trend will likely pull back in the short term to test the support on the 1.2773 line.

Source: Zhongyi Finance Network

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