To maintain the identity of an analyst, Wang Nuo is to obtain a steady stream of information and data, which are needed for investment.

A lot of information in the industry will not be made public, such as Tyrone's own financial research institute, why does it lose money every year? Because many research reports are not sold, and they also have to go to special consulting institutions to open projects and conduct investigations, and the data obtained are not allowed to be sold to the second buyer.

Wang Nuo is now equivalent to obtaining the identity of half of his "own person", and Tyrone believes that he does not dare to risk his face to leak information, so he can use it.

Looking at the past from another angle, Huapu, Shenghe, and Rainbow also think the same way, so ...... A top sell-side analyst may have more information in their hands than a single buy-side institution, provided that it doesn't affect the buy-side deal.

According to the trading volume of the foreign exchange market, it is generally believed that it is now between 20,000 and 4 trillion US dollars per day, plus the stock market, the futures market, the bond market, oil and gold and so on, Wang Nuo is still infinitely far away from affecting the market.

However...... Wang Nuo's recent information is based on the Australian dollar monetary system, and if he is asked to speculate on the Australian dollar, he is a bit vain.

During this period of mid-to-late April, the Australian dollar showed a strange fluctuation of "good support but decline", and the Australian dollar entered the volatile area, but any capital dared to pit.

If you analyze the positives yourself, and then go in and be bullish, and finally ...... Fell?

Wouldn't that be dead, how to play this?

In view of the reduction of variables in the foreign exchange market, Wang Nuo does not have much experience now, and he still dares to play the currency, which has a strong correlation with fundamentals, and those currencies with a high degree of marketization have really not tried much.

"Currency Value...... Exchange rate?" A large amount of data flashed in his mind, but Wang Nuo still had difficulty making a decision.

People who speculate in foreign exchange know that the value of the currency and the exchange rate have been positively correlated for a long time, but the value of the currency is not the exchange rate, and the exchange rate cannot be said to be the value of the currency.

The exchange rate is relative, the value of the currency is absolute, the position of the foreign exchange market, there is never the so-called unilateral, it must be in the form of EUR/USD, USD/AUD, etc., it is relative, a currency will have an exchange rate against B currency, when there is only one currency left in the market, the exchange rate is gone, only the price remains.

The currency value is also very easy to understand, that is, the market's valuation of the unit currency, how much can be bought in 1 yuan, how much gold is worth, how many dollars, etc., can be a reflection of the currency value.

To sum up, the exchange rate is a form of currency value, a form of reflecting the value of the underlying currency in other currencies.

Therefore, the fundamentals of the Australian dollar are good and the technical situation is weak, that is, there is a psychological gap in the estimation of the currency value.

Wang Nuo was not only troubled by this, he found from the beginning that no matter which variable was cut, it would definitely be a chain reaction, and what he wanted to move most was ...... Determine the movement of a certain currency.

"Isn't it a bit excessive?" Scattering the documents on the desk, looking at the various data and inferences on it, Wang Nuo felt that one head was two big.

If it is determined that the US dollar will strengthen in the coming period, then there is no doubt that if the Australian dollar remains unchanged, it will also depreciate against the US dollar, and similarly, other currencies will also depreciate relative to each other.

From another point of view, is the strength of the dollar due to its own strength, or is it the weakness of other currencies? It is good that it is not strong and other currencies are rotten.

It can be inferred that case A is that the dollar strengthens on its own, then the probability given by many variables in the market can be adjusted, and then the whole game of chess will completely change its appearance, and case B is that several other major currencies are rotten, then it will be another round of variable and probability adjustment, and the chessboard will continue to change.

The amount of work in this is really beyond Wang Nuo's expectations, but the occurrence of this situation just shows that Wang Nuo has too many things in his hands, so much that he has no resources to quickly sort out an outline.

"Short-term, medium-term?" Putting aside all the disturbances, Wang Nuo knew that now was the time to make a decision.

Since the market can't give the answer, then start from other aspects.

The energy of the honest pen has exceeded 300,000 points, and is accumulating at a rate close to 100,000 points per month, and he has to throw about 10 million yuan to charity every month, which means that the speed of energy acquisition at this time is just a few percent greater than the investment, but it is also an advance of future benefits.

It is a very simple way to calculate, since the model is stable, and the money or energy is dry, it is a waste, so the most reasonable mode of use is that the speed of energy acquisition is slightly greater than the speed of consumption, and it is best to be only a little larger, so ...... It is reasonable to earn more than 10 million yuan in May.

134 million yuan, that is, 2 million US dollars, the principal of 20 million US dollars, if the proportion of energy consumption is controlled by 50%, the rate of return is ...... 20%, no matter how you push the consumption ratio, you need at least 10% of the income.

So...... I pushed the information first, and then looked at how the position moved.

Now the market is concerned about a lot of things, the currency anchor US dollar has non-farm, and if you do the Australian dollar, you have to look at ...... Australia's manufacturing performance index for April.

"Launching this value, the original 64 win rate in my hand has almost been pushed to the end, and the consumption ratio is ...... If the non-farm performance is cut down, it will be at least 70 or 80 percent, and the controversy over the manufacturing performance index is even greater, and the green corner also attaches more importance to this data, and the information is more complete. ”

Wang Nuo hesitated slightly, and directly wrote the words "Australia's manufacturing performance index in April is greater than 50" on the paper, and then watched it disappear quickly, his eyes couldn't help but froze, and there were emotions of excitement and regret mixed in his heart.

What is excited is the meaning of the representation, and the regret is ...... It seems that the range has widened.

Manufacturing performance index, the specific formula for the time being, now it is greater than 50 is the expansion range, less than 50 is the tightening range, the former represents the positive, the latter represents the negative.

The reason why the Australian dollar has appreciated relatively, in addition to the poor performance of other major currencies, is its own beautiful data, one of which is that the manufacturing performance index has been in the expansion range for two consecutive years.

However, Chinese know that booms and wanes, and the Australian dollar touched 0.85 against the US dollar, and then it was supported by bullishness...... A small drop is because it has swallowed up too much upside.

In other words, the market is skeptical about whether the overall economy can support this data.

For the manufacturing performance index, the market to give out the expectations are also very subtle, basically in the 50 fluctuations, slightly optimistic, beware of malaise, which is also a reason for the decline of the Australian dollar, it may have to be adjusted, as for whether the adjustment can be reorganized, continue to rush, that is the medium line needs to be considered.

At the very least, after cutting this variable, Wang Nuo has one foot in the door of bearish Australia, but looking at the current international market, what he sees is a worse world.