{"id":44738,"date":"2026-04-13T04:06:31","date_gmt":"2026-04-13T04:06:31","guid":{"rendered":"https:\/\/www.vtmarkets.com\/uncategorized\/44738\/"},"modified":"2026-04-13T04:06:31","modified_gmt":"2026-04-13T04:06:31","slug":"%e7%be%8e%e5%85%83%e5%85%8c%e7%91%9e%e9%83%8e%e5%be%98%e5%be%8a%e6%96%bc0-7925%e9%99%84%e8%bf%91%ef%bc%8c%e5%8f%97%e7%be%8e%e4%bc%8a%e5%83%b5%e5%b1%80%e5%8f%8a%e9%80%9a%e8%84%b9%e6%86%82%e6%85%ae","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/zh-ca\/live-updates\/44738\/","title":{"rendered":"\u7f8e\u5143\u514c\u745e\u90ce\u5f98\u5f8a\u65bc0.7925\u9644\u8fd1\uff0c\u53d7\u7f8e\u4f0a\u50f5\u5c40\u53ca\u901a\u8139\u6182\u616e\u652f\u6301\uff0c\u5f9e\u8fd1\u671f0.7855\u4f4e\u4f4d\u53cd\u5f48"},"content":{"rendered":"

\u7f8e\u5143\u514c\u745e\u90ce\uff08USD\/CHF\uff09\u672c\u5468\u958b\u5c40\u5411\u4e0a\uff0c\u5f9e\u4e0a\u5468\u4e94\u89f8\u53ca\u3001\u63a5\u8fd1\u4e09\u5468\u4f4e\u4f4d\u76840.7855\u53cd\u5f48\u3002\u532f\u50f9\u7d50\u675f\u9023\u8dcc\u4e94\u5929\uff0c\u6700\u65b0\u7d04\u58310.7925\uff0c\u53470.50%\uff0c\u4e3b\u8981\u53d7\u7f8e\u5143\u8f49\u5f37\u652f\u6301\u3002<\/p>\n

\u7531\u65bc\u7f8e\u4f0a\u8ac7\u5224\u5468\u672b\u7834\u88c2\uff0c\u5e02\u5834\u98a8\u96aa\u80c3\u7d0d\uff08risk appetite\uff0c\u5373\u6295\u8cc7\u8005\u627f\u64d4\u98a8\u96aa\u8cc7\u7522\u7684\u610f\u9858\uff09\u8f49\u5f31\u3002\u96d9\u65b9\u6b77\u6642\u8fd121\u5c0f\u6642\u78cb\u5546\u4ecd\u7121\u7a81\u7834\uff1b\u7279\u6717\u666e\u8868\u793a\uff0c\u7f8e\u570b\u6d77\u8ecd\u5c07\u5c01\u9396\uff08blockade\uff0c\u5373\u4ee5\u8ecd\u4e8b\u624b\u6bb5\u963b\u6b62\u901a\u884c\uff09\u9032\u51fa\u970d\u723e\u6728\u8332\u6d77\u5cfd\uff08Strait of Hormuz\uff0c\u5168\u7403\u91cd\u8981\u77f3\u6cb9\u904b\u8f38\u901a\u9053\uff09\u7684\u8239\u96bb\u3002<\/p>\n

Market Reaction And Central Bank Fallout<\/h3>\n

\u6d88\u606f\u63a8\u9ad8\u539f\u6cb9\u50f9\u683c\uff0c\u4ee4\u5e02\u5834\u6182\u616e\u901a\u8139\uff08inflation\uff0c\u5373\u6574\u9ad4\u7269\u50f9\u4e0a\u5347\u3001\u8cfc\u8cb7\u529b\u4e0b\u964d\uff09\u3002\u9019\u52a0\u6df1\u4e86\u5e02\u5834\u770b\u6cd5\uff1a\u5305\u62ec\u806f\u5132\u5c40\uff08Federal Reserve\uff0c\u7f8e\u570b\u4e2d\u592e\u9280\u884c\uff09\u5728\u5167\u7684\u4e3b\u8981\u592e\u884c\uff0c\u53ef\u80fd\u8f49\u5411\u8f03\u9df9\u6d3e\uff08hawkish\uff0c\u5373\u66f4\u50be\u5411\u52a0\u606f\u6216\u4fdd\u6301\u9ad8\u606f\u3001\u6536\u7dca\u8ca8\u5e63\u653f\u7b56\uff09\u7684\u53d6\u614b\u3002<\/p>\n

\u4e0a\u5468\u4e94\u7f8e\u570b\u901a\u8139\u6578\u64da\u504f\u71b1\uff0c\u4ee4\u5e02\u5834\u4e0b\u8abf\u4eca\u5e74\u806f\u5132\u5c40\u6e1b\u606f\u9810\u671f\uff0c\u7126\u9ede\u751a\u81f3\u8f49\u5411\u6703\u5426\u52a0\u606f\u3002\u7f8e\u570b\u570b\u50b5\u5b73\u606f\u7387\uff08US Treasury yields\uff0c\u5373\u7f8e\u570b\u653f\u5e9c\u50b5\u5238\u56de\u5831\u7387\uff0c\u901a\u5e38\u5b73\u606f\u4e0a\u5347\u6703\u652f\u6301\u7f8e\u5143\uff09\u4e0a\u5347\uff0c\u4e5f\u5e36\u52d5\u7f8e\u5143\u8d70\u5f37\u3002<\/p>\n

\u300a\u83ef\u723e\u8857\u65e5\u5831\u300b\u5831\u9053\uff0c\u5340\u5167\u570b\u5bb6\u5e0c\u671b\u6578\u65e5\u5167\u6062\u5fa9\u7f8e\u4f0a\u8ac7\u5224\uff0c\u9650\u5236\u7f8e\u5143\u9032\u4e00\u6b65\u4e0a\u5347\uff1b\u7f8e\u5143\u514c\u745e\u90ce\u5247\u5b88\u5728100\u65e5\u7c21\u55ae\u79fb\u52d5\u5e73\u5747\u7dda\uff08100-day simple moving average\uff0cSMA\uff1a\u628a\u904e\u53bb100\u500b\u4ea4\u6613\u65e5\u6536\u5e02\u50f9\u5e73\u5747\uff0c\u7528\u4f5c\u5224\u65b7\u8da8\u52e2\u7684\u5e38\u7528\u6307\u6a19\uff09\u4e4b\u4e0a\uff0c\u7dad\u6301\u504f\u5f37\u683c\u5c40\u3002<\/p>\n

\u56de\u9867\u53bb\u5e74\uff082025\u5e74\uff09\u540c\u4e00\u6642\u6bb5\uff0c\u7f8e\u4f0a\u8ac7\u5224\u7834\u88c2\u4ee4\u5730\u7de3\u653f\u6cbb\u98a8\u96aa\u6025\u5347\uff0c\u5e02\u5834\u8cc7\u91d1\u6e67\u5165\u7f8e\u5143\u4f5c\u907f\u96aa\uff08safe-haven\uff0c\u5373\u5728\u4e0d\u78ba\u5b9a\u6642\u8cb7\u5165\u88ab\u8996\u70ba\u8f03\u5b89\u5168\u7684\u8cc7\u7522\uff09\u3002\u907f\u96aa\u8cb7\u76e4\u52a0\u4e0a\u901a\u8139\u504f\u9ad8\u5f15\u767c\u7684\u806f\u5132\u5c40\u52a0\u606f\u6182\u616e\uff0c\u4f7fUSD\/CHF\u7531\u4f4e\u4f4d\u6025\u5f48\uff1b\u7576\u6642\u505a\u591a\u7f8e\u5143\u53ca\u6301\u6709\u9ad8\u6ce2\u52d5\u7b56\u7565\uff08long volatility\uff0c\u5373\u62bc\u6ce8\u50f9\u683c\u6ce2\u52d5\u64f4\u5927\uff09\u7684\u5009\u4f4d\u8868\u73fe\u8f03\u6709\u5229\u3002<\/p>\n

Trading Implications For Usdchf Options<\/h3>\n

\u5982\u4eca\uff082026\u5e744\u6708\uff09\u5f62\u52e2\u660e\u986f\u4e0d\u540c\uff0c\u970d\u723e\u6728\u8332\u6d77\u5cfd\u5e36\u4f86\u7684\u5730\u7de3\u98a8\u96aa\u6ea2\u50f9\uff08risk premium\uff0c\u5373\u6295\u8cc7\u8005\u56e0\u984d\u5916\u98a8\u96aa\u8981\u6c42\u7684\u984d\u5916\u56de\u5831\uff09\u5927\u81f4\u5df2\u6d88\u9000\u3002\u8fd1\u671f\u6578\u64da\u986f\u793a\u7f8e\u570b\u901a\u8139\u56de\u843d\uff0c3\u6708CPI\uff08\u6d88\u8cbb\u7269\u50f9\u6307\u6578\uff0c\u8861\u91cf\u7269\u50f9\u8b8a\u5316\u7684\u4e3b\u8981\u901a\u8139\u6307\u6a19\uff09\u70ba2.8%\uff0c\u524a\u5f31\u806f\u5132\u5c40\u8f49\u9df9\u7684\u7406\u64da\uff0c\u8207\u53bb\u5e74\u63a8\u9ad8\u7f8e\u50b5\u5b73\u606f\u53ca\u7f8e\u5143\u7684\u901a\u8139\u885d\u64ca\u5f62\u6210\u5c0d\u6bd4\u3002<\/p>\n

\u6b64\u5916\uff0c\u592e\u884c\u653f\u7b56\u5206\u6b67\uff08policy divergence\uff0c\u5373\u4e0d\u540c\u592e\u884c\u5728\u52a0\u6e1b\u606f\u8def\u5f91\u51fa\u73fe\u5dee\u8ddd\uff09\u64f4\u5927\uff0c\u5c0d\u745e\u90ce\u66f4\u6709\u5229\u3002\u5e02\u5834\u76ee\u524d\u9810\u671f\u806f\u5132\u5c40\u66ab\u505c\u884c\u52d5\uff1b\u745e\u58eb\u570b\u5bb6\u9280\u884c\uff08Swiss National Bank\uff0cSNB\uff1a\u745e\u58eb\u592e\u884c\uff09\u5247\u4e0a\u6708\u610f\u5916\u52a0\u606f\u81f31.75%\uff0c\u4ee5\u61c9\u5c0d\u672c\u5730\u7269\u50f9\u58d3\u529b\u3002\u5229\u7387\u5dee\uff08interest rate differential\uff0c\u5373\u5169\u5730\u5229\u7387\u5dee\u8ddd\uff0c\u6703\u5f71\u97ff\u8cc7\u91d1\u6d41\u5411\u8207\u532f\u50f9\uff09\u66f4\u504f\u5411\u745e\u90ce\uff0c\u610f\u5473USD\/CHF\u7684\u8f03\u5927\u6a5f\u6703\u8d70\u52e2\u5df2\u8f49\u5411\u4e0b\u884c\u3002<\/p>\n

\u5c0d\u884d\u751f\u5de5\u5177\uff08derivatives\uff0c\u5373\u50f9\u503c\u53d6\u6c7a\u65bc\u57fa\u790e\u8cc7\u7522\u3001\u5982\u671f\u6b0a\/\u671f\u8ca8\u7b49\uff09\u4ea4\u6613\u8005\u800c\u8a00\uff0c\u8a72\u8ca8\u5e63\u5c0d\u7684\u96b1\u542b\u6ce2\u52d5\u7387\uff08implied volatility\uff0c\u5373\u671f\u6b0a\u50f9\u683c\u53cd\u6620\u5e02\u5834\u5c0d\u672a\u4f86\u6ce2\u5e45\u7684\u9810\u671f\uff09\u8f032025\u5e74\u8ecd\u4e8b\u7dca\u5f35\u6642\u660e\u986f\u504f\u4f4e\uff0c\u4ee4\u671f\u6b0a\u7b56\u7565\u6210\u672c\u66f4\u4fbf\u5b9c\u3002\u57fa\u672c\u9762\u8f49\u8b8a\u4e4b\u4e0b\uff0c\u8cb7\u5165USD\/CHF\u8a8d\u6cbd\u671f\u6b0a\uff08put options\uff0c\u5373\u62bc\u6ce8\u532f\u50f9\u4e0b\u8dcc\u7684\u671f\u6b0a\uff09\u4ee5\u90e8\u7f72\u9032\u4e00\u6b65\u4e0b\u884c\uff0c\u662f\u5408\u7406\u505a\u6cd5\uff0c\u53ef\u5229\u7528\u5169\u5927\u592e\u884c\u653f\u7b56\u53d6\u5411\u76f8\u53cd\u7684\u6a5f\u6703\u3002<\/p>\n

\u5177\u9ad4\u800c\u8a00\uff0c\u9078\u64c76\u6708\u53ca7\u6708\u5230\u671f\uff08expirations\uff0c\u5373\u671f\u6b0a\u5230\u671f\u65e5\uff09\u53ef\u70ba\u653f\u7b56\u5206\u6b67\u7684\u4e3b\u984c\u63d0\u4f9b\u66f4\u591a\u6642\u9593\u767c\u9175\u3002100\u65e5\u79fb\u52d5\u5e73\u5747\u7dda\u53bb\u5e74\u66fe\u662f\u5f37\u529b\u652f\u6301\u4f4d\uff08support\uff0c\u5373\u50f9\u683c\u4e0b\u8dcc\u6642\u8f03\u6613\u6b62\u8dcc\u7684\u4f4d\u7f6e\uff09\uff0c\u73fe\u6642\u66f4\u50cf\u963b\u529b\u4f4d\uff08resistance\uff0c\u5373\u50f9\u683c\u4e0a\u5347\u6642\u8f03\u6613\u53d7\u963b\u7684\u4f4d\u7f6e\uff09\u3002\u56e0\u6b64\uff0c\u5728\u8a72\u95dc\u9375\u6280\u8853\u4f4d\u4ee5\u4e0b\u5efa\u7acb\u504f\u6de1\u5009\u4f4d\uff0c\u4f8b\u5982\u4ee5\u8a8d\u6cbd\u50f9\u5dee\uff08put spreads\uff1a\u540c\u6642\u8cb7\u5165\u53ca\u8ce3\u51fa\u4e0d\u540c\u5c65\u7d04\u50f9\u7684\u8a8d\u6cbd\u671f\u6b0a\uff0c\u4ee5\u964d\u4f4e\u6210\u672c\u4f46\u9650\u5236\u6700\u5927\u76c8\u5229\uff09\u90e8\u7f72\uff0c\u77ed\u671f\u6216\u53ef\u63d0\u4f9b\u8f03\u4f73\u98a8\u96aa\u56de\u5831\uff08risk-to-reward\uff0c\u5373\u627f\u64d4\u7684\u6f5b\u5728\u8667\u640d\u76f8\u5c0d\u53ef\u671b\u7372\u5229\u7684\u6bd4\u4f8b\uff09\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"

\u7f8e\u532f\u514c\u745e\u90ce\u57280.7925\u9644\u8fd1\u62c9\u92f8\uff0c\u7f8e\u4f0a\u50f5\u5c40\u8207\u901a\u8139\u6182\u616e\u63a8\u9ad8\u907f\u96aa\u60c5\u7dd2\uff0c\u532f\u50f9\u81ea0.7855\u8fd1\u671f\u4f4e\u4f4d\u53cd\u5f48\uff0c\u5f8c\u5e02\u95dc\u9375\u770b\u5730\u7de3\u8207\u6578\u64da\u8d70\u52e2\u3002<\/p>\n","protected":false},"author":87,"featured_media":0,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[4],"tags":[],"class_list":["post-44738","post","type-post","status-publish","format-standard","hentry","category-live-updates"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/zh-ca\/wp-json\/wp\/v2\/posts\/44738","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/zh-ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/zh-ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/zh-ca\/wp-json\/wp\/v2\/users\/87"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/zh-ca\/wp-json\/wp\/v2\/comments?post=44738"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/zh-ca\/wp-json\/wp\/v2\/posts\/44738\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/zh-ca\/wp-json\/wp\/v2\/media?parent=44738"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/zh-ca\/wp-json\/wp\/v2\/categories?post=44738"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/zh-ca\/wp-json\/wp\/v2\/tags?post=44738"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}