\u91d1\u878d\u5e02\u5834\u805a\u7126\u4e2d\u6771\u7dca\u5f35\u5c40\u52e2\uff0c\u5305\u62ec\u970d\u723e\u6728\u8332\u6d77\u5cfd\u53ef\u80fd\u5c01\u9396\uff0c\u4ee5\u53ca\u7f8e\u570b\u6263\u62bc\u4e00\u8258\u4f0a\u6717\u639b\u65d7\u8239\u96bb\u3002\u4ea4\u6613\u54e1\u7b49\u5f85\u7b2c\u4e8c\u8f2a\u4f0a\u6717\u2014\u7f8e\u570b\u6703\u8ac7\uff1b\u83ef\u723e\u8857\u6536\u4f4e\uff0c\u7f8e\u5143\u6eab\u548c\u56de\u843d\u3002 <\/p>\n
\u7f8e\u5143\u6307\u6578\uff08DXY\uff0c\u8ffd\u8e64\u7f8e\u5143\u514c\u4e00\u7c43\u5b50\u4e3b\u8981\u8ca8\u5e63\u7684\u5f37\u5f31\uff09\u4e00\u5ea6\u5347\u81f3\u4e94\u65e5\u9ad8\u4f4d 98.35\uff0c\u5176\u5f8c\u56de\u5410\uff0c\u6599\u6536\u8fd1 98.00\u3002\u6578\u64da\u4e0d\u591a\u4e4b\u4e0b\uff0c\u5e02\u5834\u4e3b\u8981\u8ddf\u9032\u7f8e\u570b\u7e3d\u7d71\u7279\u6717\u666e\u7684\u793e\u4ea4\u5a92\u9ad4\u5e16\u6587\u3001\u7f8e\u570b\u4ee3\u8868\u5718\u8a2a\u554f\u5df4\u57fa\u65af\u5766\u3001\u5373\u5c07\u516c\u5e03\u7684\u96f6\u552e\u92b7\u552e\uff08Retail Sales\uff0c\u53cd\u6620\u6d88\u8cbb\u9700\u6c42\u7684\u91cd\u8981\u6307\u6a19\uff09\u3001ADP \u5c31\u696d\u8b8a\u52d5\u56db\u5468\u5e73\u5747\uff08ADP Employment Change 4-week average\uff0c\u79c1\u71df\u90e8\u9580\u5c31\u696d\u7684\u524d\u77bb\u53c3\u8003\uff09\u3001\u4ee5\u53ca\u806f\u90a6\u5132\u5099\u5c40\u4e3b\u5e2d\u63d0\u540d\u4eba\u51f1\u6587\u30fb\u6c83\u4ec0\uff08Kevin Warsh\uff09\u7684\u53c3\u8b70\u9662\u807d\u8b49\u6703\u3002 <\/p>\n
EUR\/USD\uff08\u6b50\u5143\u514c\u7f8e\u5143\uff09\u65e9\u6bb5\u4f4e\u958b\uff0c\u5176\u5f8c\u56de\u5347\u81f3\u7d04 1.1800\uff0c\u65e5\u5167\u5347 0.20%\u3002\u7126\u9ede\u8f49\u5411\u6b50\u6d32\u592e\u884c\uff08ECB\uff09\u5b98\u54e1\u8b1b\u8a71\uff0c\u4ee5\u53ca 4 \u6708\u6b50\u76df\u8207\u5fb7\u570b ZEW \u7d93\u6fdf\u666f\u6c23\u8abf\u67e5\uff08ZEW Survey of Economic Sentiment\uff0c\u5e02\u5834\u8207\u5206\u6790\u54e1\u5c0d\u7d93\u6fdf\u524d\u666f\u7684\u4fe1\u5fc3\u6307\u6a19\uff09\u3002 <\/p>\n
GBP\/USD\uff08\u82f1\u938a\u514c\u7f8e\u5143\uff09\u91cd\u4e0a 1.3500 \u4ee5\u4e0a\uff0c\u4e3b\u8981\u53d7\u7f8e\u5143\u8f49\u5f31\u5e36\u52d5\uff1b\u5e02\u5834\u7b49\u5f85\u82f1\u570b\u5c31\u696d\u6578\u64da\uff0c\u5305\u62ec 2 \u6708 ILO \u5931\u696d\u7387\uff08\u4e09\u500b\u6708\u5e73\u5747\uff0cILO \u70ba\u570b\u969b\u52de\u5de5\u7d44\u7e54\u7684\u7d71\u8a08\u6a19\u6e96\uff09\uff0c\u9810\u6599\u7dad\u6301 5.2%\u3002 <\/p>\n
USD\/JPY\uff08\u7f8e\u5143\u514c\u65e5\u5713\uff09\u4e0a\u5347\uff0c\u65e5\u5713\u70ba G10\uff08\u5341\u500b\u4e3b\u8981\u5df2\u767c\u5c55\u5e02\u5834\u8ca8\u5e63\uff09\u4e2d\u6700\u5f31\u3002\u65e5\u672c\u592e\u884c\uff08BoJ\uff09\u8868\u793a\u5229\u7387\u7dad\u6301\u4e0d\u8b8a\uff0c\u60df\u5e02\u5834\u65e9\u524d\u4f30\u7b97\u4eca\u5e74\u6216\u52a0\u606f\u5408\u5171 47 \u500b\u57fa\u9ede\uff08basis point\uff0c1 \u500b\u57fa\u9ede\u7b49\u65bc 0.01 \u500b\u767e\u5206\u9ede\uff09\uff1b\u5f8c\u7e8c\u95dc\u6ce8\u8cbf\u6613\u53ca\u51fa\u53e3\uff0f\u9032\u53e3\u6578\u64da\u3002 <\/p>\n
AUD\/USD\uff08\u6fb3\u5143\u514c\u7f8e\u5143\uff09\u5728\u5e02\u5834\u61a7\u61ac\u6fb3\u6d32\u592e\u884c\uff08RBA\uff09\u52a0\u606f\u4e0b\uff0c\u6536\u65bc 0.7150 \u4ee5\u4e0a\u3002WTI\uff08\u897f\u5fb7\u5dde\u4e2d\u8cea\u539f\u6cb9\uff0c\u7f8e\u570b\u539f\u6cb9\u57fa\u6e96\uff09\u5347\u903e 2.4% \u81f3\u6bcf\u6876 85.89 \u7f8e\u5143\uff1b\u91d1\u50f9\u5728\u7f8e\u570b\u570b\u50b5\u5b73\u606f\uff08Treasury yields\uff0c\u7f8e\u570b\u653f\u5e9c\u50b5\u5238\u5229\u7387\uff09\u4e0a\u5347\u58d3\u529b\u4e0b\uff0c\u4ecd\u5b88\u4f4f 4,800 \u7f8e\u5143\u4ee5\u4e0a\u3002 <\/p>\n
2025 \u5e74\u7f8e\u4f0a\u5c40\u52e2\u5347\u6eab\u66fe\u4ee4\u6cb9\u50f9\u6025\u5347\u3002\u53bb\u5e74\u970d\u723e\u6728\u8332\u6d77\u5cfd\u95dc\u9589\uff0c\u63a8\u52d5 WTI \u5347\u7a7f\u6bcf\u6876 85 \u7f8e\u5143\uff0c\u80fd\u6e90\u884d\u751f\u54c1\uff08derivatives\uff0c\u4ee5\u8cc7\u7522\u50f9\u683c\u70ba\u57fa\u790e\u7684\u5408\u7d04\uff0c\u5982\u671f\u8ca8\u8207\u671f\u6b0a\uff09\u6ce2\u5e45\u5927\u589e\u3002\u73fe\u6642 OPEC+\uff08\u77f3\u6cb9\u8f38\u51fa\u570b\u7d44\u7e54\u53ca\u76df\u53cb\uff09\u6700\u65b0\u6703\u8b70\u5f8c\u7dad\u6301\u7522\u91cf\u4e0d\u8b8a\uff0c\u5168\u7403\u5eab\u5b58\u8f03\u4e94\u5e74\u5e73\u5747\u4f4e\u7d04 5%\uff0c\u4f46\u671f\u6b0a\u5e02\u5834\uff08options market\uff0c\u8cb7\u8ce3\u300c\u671f\u6b0a\u300d\u7684\u5e02\u5834\uff1b\u671f\u6b0a\u8b93\u6301\u6709\u4eba\u5728\u6307\u5b9a\u671f\u9650\u5167\u4ee5\u7d04\u5b9a\u50f9\u683c\u8cb7\u5165\u6216\u8ce3\u51fa\u8cc7\u7522\uff09\u53cd\u6620\u7684\u9810\u671f\u6ce2\u52d5\u986f\u8457\u8f03\u4f4e\u3002 <\/p>\n
2025 \u5e74\u7f8e\u5143\u8d70\u52e2\u53cd\u8986\uff0cDXY \u5e38\u56e0\u5730\u7de3\u6d88\u606f\u5728 98.00 \u9644\u8fd1\u5927\u5e45\u6ce2\u52d5\u3002\u73fe\u6642\u6307\u6578\u5728 104.50 \u9644\u8fd1\u7a84\u5e45\u4e0a\u843d\uff0c\u56e0\u806f\u5132\u5c40\u4e0a\u6708\u6697\u793a\u52a0\u606f\u5468\u671f\u66ab\u505c\u3002\u6700\u65b0 CPI\uff08\u6d88\u8cbb\u7269\u50f9\u6307\u6578\uff09\u986f\u793a\u6838\u5fc3\u901a\u8139\uff08\u5254\u9664\u98df\u54c1\u8207\u80fd\u6e90\u7b49\u6ce2\u52d5\u9805\uff09\u56de\u843d\u81f3 3.1%\uff0c\u505a\u884d\u751f\u54c1\u7684\u4ea4\u6613\u54e1\u53ef\u8003\u616e\u4ee5\u300c\u5340\u9593\u8d70\u52e2\u300d\u70ba\u4e3b\u7684\u7b56\u7565\uff0c\u4ee5\u61c9\u5c0d\u7f8e\u5143\u6a6b\u884c\u3002 <\/p>\n
\u4e00\u5e74\u524d\uff0c\u5373\u4f7f\u6b50\u6d32\u592e\u884c\u614b\u5ea6\u5be9\u614e\uff0cEUR\/USD \u4ecd\u56e0\u7f8e\u5143\u666e\u904d\u8f49\u5f31\u800c\u4e0a\u8a66 1.1800\u3002\u73fe\u6642\u60c5\u6cc1\u8f49\u8b8a\uff1a\u6b50\u6d32\u592e\u884c\u4ecd\u4e0d\u6025\u65bc\u6e1b\u606f\uff1b\u82f1\u502b\u9280\u884c\uff08BoE\uff09\u5247\u8981\u8655\u7406\u6301\u7e8c\u504f\u9ad8\u7684\u5de5\u8cc7\u589e\u9577\uff08\u4ecd\u9ad8\u65bc 5%\uff09\u3002\u9019\u7a2e\u653f\u7b56\u53d6\u5411\u5dee\u7570\uff08policy divergence\uff0c\u4e0d\u540c\u592e\u884c\u653f\u7b56\u65b9\u5411\u4e0d\u4e00\u81f4\uff09\u4ee4\u505a\u591a EUR\/GBP \u671f\u8ca8\uff08futures\uff0c\u7d04\u5b9a\u5728\u672a\u4f86\u4ee5\u6307\u5b9a\u50f9\u683c\u8cb7\u8ce3\u8cc7\u7522\u7684\u5408\u7d04\uff09\u6210\u70ba\u5c0d\u6c96\u82f1\u938a\u9032\u4e00\u6b65\u8f49\u5f31\u7684\u9078\u9805\u3002 <\/p>\n
\u65e5\u5713\u75b2\u5f31\u662f 2025 \u5e74\u7684\u4e3b\u8981\u8da8\u52e2\uff0c\u56e0\u65e5\u672c\u592e\u884c\u9577\u671f\u6297\u62d2\u5168\u7403\u52a0\u606f\u6f6e\u3002\u4e0d\u904e\uff0c\u65e5\u672c\u592e\u884c 3 \u6708\u7d42\u6b62\u8ca0\u5229\u7387\uff08negative interest rate\uff0c\u5b58\u6b3e\u5229\u7387\u4f4e\u65bc\u96f6\uff09\u5f8c\uff0c\u5e02\u5834\u683c\u5c40\u6539\u8b8a\u3002\u4ea4\u6613\u54e1\u53ef\u8003\u616e\u8cb7\u5165\u7f8e\u5143\u514c\u65e5\u5713\u7684\u65e5\u5713\u770b\u6f32\u671f\u6b0a\uff08JPY call options against the dollar\uff0c\u5373\u62bc\u6ce8\u300c\u65e5\u5713\u5347\u503c\uff0f\u7f8e\u5143\u514c\u65e5\u5713\u4e0b\u8dcc\u300d\u7684\u671f\u6b0a\uff09\uff0c\u4ee5\u90e8\u7f72\u53ef\u80fd\u51fa\u73fe\u7684\u5957\u606f\u4ea4\u6613\uff08carry trade\uff0c\u501f\u5165\u4f4e\u606f\u8ca8\u5e63\u8cb7\u5165\u9ad8\u606f\u8cc7\u7522\uff09\u5e73\u5009\u3002 <\/p>\n
2025 \u5e74\u91d1\u50f9\u65b9\u5411\u4e0d\u660e\uff0c\u5e02\u5834\u7576\u6642\u66f4\u95dc\u6ce8\u806f\u5132\u5c40\u5927\u5e45\u52a0\u606f\uff0c\u63a8\u9ad8\u7f8e\u570b\u570b\u50b5\u5b73\u606f\u3002\u73fe\u6642\u4e0d\u751f\u606f\u8cc7\u7522\uff08non-yielding metal\uff0c\u6307\u9ec3\u91d1\u4e0d\u6d3e\u5229\u606f\u6216\u80a1\u606f\uff09\u7684\u74b0\u5883\u6539\u5584\uff1a10 \u5e74\u671f\u7f8e\u570b\u570b\u50b5\u5b73\u606f\u5df2\u8dcc\u81f3 3.8% \u4ee5\u4e0b\u3002\u8cb7\u5165\u9ec3\u91d1\u7684\u9577\u5e74\u671f\u770b\u6f32\u671f\u6b0a\uff08long-dated call options\uff0c\u8f03\u9577\u5230\u671f\u7684\u8cb7\u5165\u6b0a\u5229\uff09\u53ef\u63d0\u4f9b\u4e0a\u5347\u7a7a\u9593\uff0c\u5c24\u5176\u5728\u5168\u7403\u592e\u884c\u6301\u7e8c\u589e\u6301\u5132\u5099\u4e4b\u4e0b\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"
\u7f8e\u4f0a\u8ac7\u5224\u6216\u91cd\u555f\uff0c\u5e02\u5834\u5c4f\u606f\u4ee5\u5f85\uff1b\u4e2d\u6771\u7dca\u5f35\u5347\u6eab\uff0c\u970d\u723e\u6728\u8332\u6d77\u5cfd\u53d7\u963b\u98a8\u96aa\u52a0\u5287\uff0c\u6cb9\u50f9\u6ce2\u52d5\u64f4\u5927\uff0c\u907f\u96aa\u60c5\u7dd2\u727d\u52d5\u8cc7\u91d1\u6d41\u5411\uff0c\u7f8e\u5143\u627f\u58d3\u8d70\u5f31\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-45477","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\/45477","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=45477"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/zh-ca\/wp-json\/wp\/v2\/posts\/45477\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/zh-ca\/wp-json\/wp\/v2\/media?parent=45477"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/zh-ca\/wp-json\/wp\/v2\/categories?post=45477"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/zh-ca\/wp-json\/wp\/v2\/tags?post=45477"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}