{"id":46303,"date":"2026-04-30T04:57:22","date_gmt":"2026-04-30T04:57:22","guid":{"rendered":"https:\/\/www.vtmarkets.com\/uncategorized\/46303\/"},"modified":"2026-04-30T04:57:22","modified_gmt":"2026-04-30T04:57:22","slug":"%e8%81%af%e5%84%b2%e5%b1%80%e7%b6%ad%e6%8c%81%e5%88%a9%e7%8e%87%e4%b8%8d%e8%ae%8a%e5%be%8c%ef%bc%8c%e7%be%8e%e5%85%83%e8%bd%89%e5%bc%b7%e6%8e%a8%e5%8b%95%e6%ad%90%e5%85%83%e5%85%8c%e7%be%8e%e5%85%83","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/zh-ca\/live-updates\/46303\/","title":{"rendered":"\u806f\u5132\u5c40\u7dad\u6301\u5229\u7387\u4e0d\u8b8a\u5f8c\uff0c\u7f8e\u5143\u8f49\u5f37\u63a8\u52d5\u6b50\u5143\u514c\u7f8e\u5143\u8dcc\u8fd11.1680"},"content":{"rendered":"<p>EUR\/USD \u5468\u56db\u6b50\u6d32\u65e9\u6bb5\u8dcc\u81f3\u7d04 1.1680\u3002\u7f8e\u570b\u806f\u5132\u5c40\uff08Federal Reserve\uff0c\u8ca0\u8cac\u5236\u5b9a\u7f8e\u570b\u5229\u7387\u7684\u4e2d\u592e\u9280\u884c\uff09\u7dad\u6301\u5229\u7387\u4e0d\u8b8a\u5f8c\uff0c\u7f8e\u5143\u4e0a\u5347\uff0c\u5e02\u5834\u7126\u9ede\u8f49\u5411\u5468\u56db\u7a0d\u5f8c\u7684\u6b50\u6d32\u592e\u884c\uff08ECB\uff0c\u6b50\u5143\u5340\u4e2d\u592e\u9280\u884c\uff09\u8b70\u606f\u7d50\u679c\u3002<\/p>\n<p>\u806f\u5132\u5c40\u5728 4 \u6708\u6703\u8b70\u7dad\u6301\u806f\u90a6\u57fa\u91d1\u5229\u7387\uff08federal funds rate\uff0c\u7f8e\u570b\u9280\u884c\u4e4b\u9593\u9694\u591c\u62c6\u501f\u5229\u7387\u3001\u4ea6\u662f\u653f\u7b56\u5229\u7387\u6838\u5fc3\uff09\u65bc 3.5% \u81f3 3.75% \u5340\u9593\u4e0d\u8b8a\u3002\u6c7a\u8b70\u4ee5 8 \u7968\u8d0a\u6210\u30014 \u7968\u53cd\u5c0d\u901a\u904e\uff1b4 \u540d\u5b98\u54e1\u53cd\u5c0d\u5c6c\u7f55\u898b\u60c5\u6cc1\uff0c\u53cd\u6620\u5167\u90e8\u5206\u6b67\u64f4\u5927\u3002<\/p>\n<h3>Fed Decision And Leadership Shift<\/h3>\n<p>3 \u540d\u53cd\u5c0d\u8005\u4e0d\u6eff\u63aa\u8fad\u6697\u793a\u672a\u4f86\u53ef\u80fd\u518d\u555f\u52d5\u6e1b\u606f\u3002\u4e3b\u5e2d\u9b91\u5a01\u723e\uff08Jerome Powell\uff09\u8868\u793a\uff0c\u4efb\u671f\u5b8c\u6210\u5f8c\u6703\u4ee5\u806f\u5132\u5c40\u7406\u4e8b\uff08governor\uff0c\u8ca0\u8cac\u6295\u7968\u6c7a\u7b56\u7684\u7ba1\u7406\u5c64\u6210\u54e1\uff09\u8eab\u4efd\u7e7c\u7e8c\u7559\u4efb\u4e00\u6bb5\u4e0d\u78ba\u5b9a\u6642\u9593\u3002<\/p>\n<p>\u5831\u9053\u6307\u7531\u7279\u6717\u666e\uff08Donald Trump\uff09\u63d0\u540d\u7684\u51f1\u6587\u30fb\u6c83\u4ec0\uff08Kevin Warsh\uff09\u6709\u671b\u63a5\u4efb\u4e3b\u5e2d\u3002\u5e02\u5834\u95dc\u6ce8\u4eba\u4e8b\u8b8a\u52d5\u6703\u5426\u5f71\u97ff\u653f\u7b56\u8a0a\u865f\u3002<\/p>\n<p>\u6b50\u6d32\u592e\u884c\u9810\u8a08\u5468\u56db\u7dad\u6301\u4e3b\u8981\u5229\u7387\u4e0d\u8b8a\uff0c\u5e02\u6cc1\u4e0d\u660e\u6717\u3002\u901a\u8139\u56de\u5347\uff0c\u8207\u80fd\u6e90\u50f9\u683c\u6ce2\u52d5\u6709\u95dc\uff0c\u5e02\u5834\u5c0d 6 \u6708\u52a0\u606f\u9810\u671f\u5347\u6eab\u3002<\/p>\n<p>\u9ad8\u76db\u9810\u6e2c\u6b50\u6d32\u592e\u884c\u5c07\u52a0\u606f\u5169\u6b21\uff0c\u6bcf\u6b21 25 \u500b\u57fa\u9ede\uff08basis point\uff0c\u5229\u7387\u8b8a\u52d5\u7684\u5e38\u7528\u55ae\u4f4d\uff0c1 \u500b\u57fa\u9ede=0.01 \u500b\u767e\u5206\u9ede\uff09\u3002\u9810\u8a08 6 \u6708\u53ca 9 \u6708\u52a0\u606f\uff0c\u4f7f\u5b58\u6b3e\u5229\u7387\uff08deposit rate\uff0c\u9280\u884c\u628a\u8cc7\u91d1\u5b58\u653e\u5728\u592e\u884c\u7684\u5229\u7387\uff09\u56de\u5347\u81f3 2.50%\u3002<\/p>\n<h3>Market Volatility And Trading Positioning<\/h3>\n<p>\u56de\u9867\u53bb\u5e74\u540c\u671f\uff0c\u806f\u5132\u5c40\u6703\u5f8c EUR\/USD \u5728 1.1680 \u9644\u8fd1\u53d7\u58d3\u3002\u7f8e\u5143\u8f49\u5f37\uff0c\u539f\u56e0\u662f\u806f\u5132\u5c40\u628a\u57fa\u6e96\u5229\u7387\uff08benchmark rate\uff0c\u5373\u653f\u7b56\u5229\u7387\uff09\u7dad\u6301\u5728 3.5% \u81f3 3.75% \u4e0d\u8b8a\u3002<\/p>\n<p>2025 \u5e74 4 \u6708\u6c7a\u8b70\u6700\u53d7\u95dc\u6ce8\u4e4b\u8655\u5728\u65bc\u6709 4 \u540d\u5b98\u54e1\u53cd\u5c0d\uff0c\u70ba 1992 \u5e74\u4ee5\u4f86\u6700\u591a\uff0c\u53cd\u6620\u5c0d\u7f8e\u570b\u8ca8\u5e63\u653f\u7b56\uff08monetary policy\uff0c\u5373\u900f\u904e\u5229\u7387\u8207\u8cc7\u7522\u64cd\u4f5c\u5f71\u97ff\u7d93\u6fdf\u8207\u901a\u8139\u7684\u653f\u7b56\uff09\u8d70\u5411\u5b58\u5728\u91cd\u5927\u5206\u6b67\uff0c\u4e26\u63a8\u9ad8\u5229\u7387\u5e02\u5834\u6ce2\u52d5\u3002<\/p>\n<p>\u540c\u4e00\u6642\u9593\uff0c\u5e02\u5834\u666e\u904d\u9810\u671f\u6b50\u6d32\u592e\u884c\u6309\u5175\u4e0d\u52d5\uff0c\u4f46\u5df2\u63d0\u524d\u53cd\u6620\uff08pricing in\uff0c\u5373\u50f9\u683c\u5df2\u5305\u542b\u5e02\u5834\u9810\u671f\uff09\u672a\u4f86\u52a0\u606f\u30026 \u6708\u52a0\u606f\u9810\u671f\u4e3b\u8981\u7531\u80fd\u6e90\u50f9\u683c\u5e36\u52d5\u7684\u901a\u8139\u6182\u616e\u63a8\u52d5\u3002\u6b50\u6d32\u592e\u884c\u5176\u5f8c\u65bc 2025 \u5e74 6 \u6708\u52a0\u606f 25 \u500b\u57fa\u9ede\u3002<\/p>\n<p>\u806f\u5132\u5c40\u5206\u6b67\u64f4\u5927\u3001\u6b50\u6d32\u592e\u884c\u65b9\u5411\u8f03\u6e05\u6670\uff0c\u5c0d\u884d\u751f\u5de5\u5177\uff08derivatives\uff0c\u50f9\u503c\u53d6\u6c7a\u65bc\u532f\u7387\u6216\u5229\u7387\u7b49\u8cc7\u7522\u7684\u91d1\u878d\u5408\u7d04\uff09\u4ea4\u6613\u54e1\u800c\u8a00\uff0c\u610f\u5473\u53ef\u8003\u616e\u8cb7\u5165\u6ce2\u52d5\uff08buying volatility\uff0c\u5373\u62bc\u6ce8\u50f9\u683c\u6ce2\u5e45\u4e0a\u5347\uff09\u30023 \u500b\u6708 EUR\/USD \u671f\u6b0a\uff08options\uff0c\u8ce6\u4e88\u8cb7\u8ce3\u6b0a\u5229\u4f46\u975e\u7fa9\u52d9\u7684\u5408\u7d04\uff09\u96b1\u542b\u6ce2\u5e45\uff08implied volatility\uff0c\u5f9e\u671f\u6b0a\u50f9\u683c\u63a8\u7b97\u7684\u5e02\u5834\u9810\u671f\u6ce2\u52d5\uff09\u4e0a\u5347\u3002\u4ee5\u8de8\u5f0f\/\u5bec\u8de8\u5f0f\uff08straddle\/strangle\uff0c\u540c\u6642\u8cb7\u5165\u770b\u6f32\u8207\u770b\u8dcc\u671f\u6b0a\uff0c\u4ee5\u535a\u6ce2\u5e45\uff09\u7b56\u7565\u80fd\u53d7\u60e0\u3002<\/p>\n<p>\u65b9\u5411\u4ea4\u6613\u4e0a\uff0c\u91cd\u9ede\u662f\u4e0d\u8981\u53ea\u770b\u7f8e\u5143\u77ed\u7dda\u504f\u5f37\uff0c\u800c\u662f\u90e8\u7f72\u4e2d\u671f\u6b50\u5143\u8f49\u5f37\u3002\u82e5\u6b50\u6d32\u592e\u884c\u52a0\u606f\u3001\u800c\u7f8e\u570b\u5229\u7387\u8d70\u5411\u4e0d\u660e\uff0c\u5229\u5dee\uff08rate differential\uff0c\u5373\u5169\u5730\u5229\u7387\u5dee\u8ddd\uff09\u6709\u671b\u6536\u7a84\uff0c\u652f\u6301\u6b50\u5143\u3002\u4ee5\u770b\u6f32\u8a8d\u8cfc\u50f9\u5dee\uff08bull call spread\uff0c\u8cb7\u5165\u8f03\u4f4e\u884c\u4f7f\u50f9\u770b\u6f32\u671f\u6b0a\u3001\u540c\u6642\u8ce3\u51fa\u8f03\u9ad8\u884c\u4f7f\u50f9\u770b\u6f32\u671f\u6b0a\uff0c\u4ee5\u63a7\u5236\u6210\u672c\uff09\u9019\u985e\u671f\u6b0a\u7b56\u7565\u53ef\u53d7\u60e0\u3002<\/p>\n<p>\u806f\u5132\u5c40\u9818\u5c0e\u5c64\u4e0d\u78ba\u5b9a\u6027\uff0c\u5305\u62ec\u6c83\u4ec0\u53ef\u80fd\u63a5\u4efb\u9b91\u5a01\u723e\u7684\u8a0e\u8ad6\uff0c\u4e5f\u589e\u52a0\u7f8e\u5143\u58d3\u529b\uff1b\u76f8\u5c0d\u4e0b\u6b50\u6d32\u592e\u884c\u524d\u666f\u8f03\u7a69\uff0c\u5229\u597d\u4ee5\u884d\u751f\u5de5\u5177\u5c0d\u6c96\uff08hedge\uff0c\u5373\u6e1b\u5c11\u532f\u7387\u6216\u5229\u7387\u98a8\u96aa\uff09\u6216\u62bc\u6ce8\u7f8e\u5143\u8f49\u5f31\u7684\u4ea4\u6613\u90e8\u7f72\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u806f\u5132\u5c40\u6309\u5175\u4e0d\u52d5\u7dad\u6301\u5229\u7387\u4e0d\u8b8a\uff0c\u9df9\u6d3e\u8a0a\u865f\u523a\u6fc0\u7f8e\u5143\u6025\u8f49\u5f37\uff0c\u6b50\u5143\u514c\u7f8e\u5143\u53d7\u58d3\u56de\u843d\uff0c\u66fe\u903c\u8fd11.1680\u95dc\u53e3\uff1b\u5f8c\u5e02\u805a\u7126\u901a\u8139\u8207\u8b70\u606f\u6307\u5f15\uff0c\u6ce2\u5e45\u52e2\u64f4\u5927\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-46303","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\/46303","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=46303"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/zh-ca\/wp-json\/wp\/v2\/posts\/46303\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/zh-ca\/wp-json\/wp\/v2\/media?parent=46303"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/zh-ca\/wp-json\/wp\/v2\/categories?post=46303"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/zh-ca\/wp-json\/wp\/v2\/tags?post=46303"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}