Currency market focusIn the greenback, the dollar index edged higher on Thursday as a drop in the number of Americans filing for unemployment benefits last week helped ease concerns that a surge in coronavirus infections would curb the economic recovery. But the dollar pared gains as Treasury yields fell. Overall, the dollar is expected to remain a strong structure in the medium and long term, and a weak structure in the short term.On the yen, the dollar rose 0.09% against the yen on Thursday, mainly as the dollar's rise boosted the dollar against the yen; In addition, the control of the epidemic has also weakened the value of the safe-haven yen to a certain extent. On the whole, the USD/JPY is still a strong structure in the medium and long term, and a strong structure in the short term.In European currencies, the euro fell 0.19% against the dollar on Thursday, mainly due to the relative strength of the greenback. And the uncertainty over the outbreak in Europe is still working against the euro. Overall, the euro remains under pressure in the medium and long term; There is still a short-term rebound, but it will be more repeated.In the U.K., the pound gained 0.12% against the dollar on Thursday, mainly due to the release of strong December home price data in the U.K., while year-end fund flows provided support. Overall, the pound remains under pressure in the medium and long term; There is still a short-term rebound, but it will be more repeated.On Thursday, commodity currencies were relatively strong, with the Australian dollar gaining 0.03% against the U.S. dollar; The New Zealand dollar rose 0.07% against the U.S. dollar; The dollar fell 0.4% against the Canadian dollar. Mainly as the dollar was driven by the sell-off, in addition, the market expects the Omicron variant of the virus to have less impact, risk sentiment stabilized. Overall, the Australian dollar, New Zealand dollar in the long term is still under pressure; There is still a short-term rebound, but it will be more repeated.Commodity marketOn Thursday, gold rose 0.54% late in the day, the highest closing price since Nov. 19, mainly as falling U.S. Treasury yields overshadowed pressure from a higher dollar. Overall, the short-term gold price is a strong structure.On the oil front, U.S. oil prices ended slightly lower on Thursday after hitting a near five-week high earlier in the session, mainly as the rally reflected the realization that economic activity remains quite strong despite the apparent worsening of the pandemic, consumer behavior and the overall economy are in good shape, which ultimately matters more for oil demand. Overall, the short-term oil price is a strong structure of volatility.Stock index outlookIn Hong Kong on Thursday, Hong Kong stocks rose slightly to close higher, with the Hang Seng Index up 0.11% to 23,112.01; The Hang Seng Technology Index rose 0.07% after hitting a record low; The Hang Seng Index of state-owned enterprises fell 0.03%. The market turnover was less than HK $70 billion. On Wall Street, stocks closed lower on Thursday, with the S&P 500 retreating after setting another record high on Wednesday in light trading. China concept shares, which had been falling for days, rebounded strongly. The number of Americans filing new claims for unemployment benefits unexpectedly fell last week, underscoring that demand for labor remains strong. Therefore, the short-term pressure on Hong Kong stocks may be alleviated.AbstractCFTC fund flow data shows that sterling bears are at the extreme, so it is expected to rally in the short term with the inflow of funds and support it, in addition, the dollar bulls are also at the extreme.Pound/US, Australian/US, New Zealand/US long can cash in most of the profits.