Currency market focusIn the dollar, the U.S. dollar index edged higher on Tuesday as concerns about the spread of the novel coronavirus in safe-haven flows halted a multi-day rally in equities and expectations that the Federal Reserve could raise interest rates as early as March. Overall, the dollar is expected to remain a strong structure in the medium and long term, and a volatile structure in the short term.Yen, on Tuesday, the US dollar fell 0.05% against the yen, mainly due to the impact of the epidemic, the rise of risk aversion pushed up the yen; But the dollar's last week also curbed its downside. 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 0.16% against the dollar on Tuesday, mainly due to the dollar's recovery. In addition, the uncertainty of the European epidemic is still not conducive to the euro. Overall, the euro remains under pressure in the medium and long term; Short-term rally is not completely over, will be more volatile.In Britain, the pound fell 0.1% against the dollar on Tuesday, mainly due to the dollar's recovery. In addition, the British government said that despite the rapid spread of omicro, the country will not implement further quarantine restrictions before the end of the year, which also limits the downside of Omicro. Overall, the pound remains under pressure in the medium and long term; Short-term rally is not completely over, will be more volatile.On Tuesday, commodity currencies as a whole were weaker, with the Australian dollar falling 0.18% against the US dollar; The New Zealand dollar fell 0.18% against the greenback; The dollar gained 0.27% against the Canadian dollar. Mainly due to the recovery of the US dollar, as well as the intensification of the Omicron variant virus, the market risk appetite has declined. Overall, the Australian dollar, New Zealand dollar in the long term is still under pressure; Short-term rally is not completely over, will be more volatile.Commodity marketIn gold, prices fell sharply from their highest level in more than a month on Tuesday, largely on the strength of the dollar, but concerns about rising inflation kept prices above the key $1,800 an ounce mark. Overall, the short-term gold price is a volatile structure.On Tuesday, U.S. oil rose for a fifth straight day to close near $76 a barrel. Oil prices have been buoyed by expectations of a limited impact on economic growth from the coronavirus Omicron variant, production disruptions in Ecuador, Libya and Nigeria, and expectations of another sharp drawdown in US crude inventories. Overall, the short-term oil price is a strong structure of volatility.Stock index outlookHong Kong stocks, on Tuesday, Hong Kong stocks resumed trading after the holiday, and the volume was light and little volatile throughout the day. The Hang Seng Index rose 0.24% to 23,280.56; Hang Seng Technology Index fell 0.89%, Hang Seng state-owned enterprises index fell 0.09%; Turnover in the market was HK $99.74 billion. U.S. stocks halted their fourth straight gain, led by big technology stocks, as investors assessed the prospects for an economic recovery after a record number of new coronavirus cases were reported in a single day. 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.