白银 (Silver) 加自选

从结构上讲，我们对英国国债和英镑持看跌态度。这场战斗可能会赢，但战争肯定还没有结束。英国财政大臣里夫斯秋季预算的基石是260亿英镑的延期增税（例如冻结2028-29年的所得税门槛），这将使她的财政缓冲从99亿英镑提高到220亿英镑，并有助于支付更高的福利支出。

Structurally We Hold Our Bearish View Against UK Gilts and Sterling.The battle might be won, but the war definitely ain't over. The corner stone of UK Chancellor Reeves' Autumn Budget are £26bn of back-loaded tax rises (eg freezing income tax thresholds from 2028-29) which lift her fiscal buffer from £9.9bn to £22bn and help pay for higher welfare spending.

由于对干预的担忧，日元复苏，美元/日元继续下跌。周四，美元/日元对跌至156.13，日元收复了最近的损失，因为市场对日本当局的潜在干预仍保持高度警惕。

USD/JPY Extends Decline as Yen Recovers on Intervention Fears.The USD/JPY pair fell to 156.13 on Thursday, with the Japanese yen recouping recent losses as markets remain on high alert for potential intervention by Japanese authorities.

为欧元区信贷增长降温。在欧元区，焦点转向10月份的信贷增长数据。9月份，非金融公司的贷款同比增长2.1%，但最近势头有所减弱，表明经济活动的提振力度较小。

Taking Temperature on Euro Area Credit Growth.In the euro area, focus turns to data on credit growth for October. Loan growth to non-financial corporations increased to 2.1% y/y in September but the momentum has lowered recently in a signal of a smaller boost to economic activity.

消息人士称，印度监管机构正在就审查对货币衍生品的限制进行谈判。三位直接了解此事的消息人士表示，在交易所和交易员发出呼吁后，印度监管机构正在讨论重新评估对交易所交易货币衍生品的严格监管，以重振日益向海外转移的市场。

Indian regulators in talks to review curbs on currency derivatives, sources say.Indian regulators are in discussions to reassess stringent regulations governing exchange-traded currency derivatives, following appeals from exchanges and traders, three sources with direct knowledge of the matter said, in a potential effort to revive a market increasingly shifting offshore.