\u5fb7\u570b\u5546\u696d\u9280\u884c\uff08Commerzbank\uff09\u6307\u51fa\uff0c\u4eca\u5e74\u9996\u5169\u500b\u6708\u5168\u7403\u9285\u5e02\u5834\u7684\u4f9b\u61c9\u904e\u5269\uff08\u4f9b\u61c9\u91cf\u9ad8\u65bc\u9700\u6c42\u91cf\uff09\u64f4\u5927\u81f3\u7d0430\u842c\u5678\uff0c\u8f03\u53bb\u5e74\u540c\u671f\u591a\u903e10\u842c\u5678\uff0c\u539f\u56e0\u662f\u7522\u91cf\u4e0a\u5347\uff0c\u4f46\u9700\u6c42\u6301\u5e73\u3002<\/p>\n
1\u6708\u9700\u6c42\u8f15\u5fae\u56de\u5347\uff0c\u4f462\u6708\u8f49\u8dcc\u30022\u6708\u9285\u50f9\u7d04\u6bcf\u56781.3\u842c\u7f8e\u5143\uff0c\u8f03\u53bb\u5e742\u6708\u9ad8\u8fd140%\u3002<\/p>\n
\u5831\u544a\u5c072\u6708\u9700\u6c42\u4e0b\u6ed1\u8207\u9ad8\u50f9\u6c34\u5e73\u639b\u920e\uff0c\u4e26\u6307\u8fd1\u671f\u50f9\u683c\u6025\u5347\uff0c\u4ee5\u53ca\u80fd\u6e90\u6210\u672c\uff08\u5982\u96fb\u529b\u3001\u71c3\u6599\u7b49\u751f\u7522\u8207\u904b\u8f38\u6210\u672c\uff09\u9577\u671f\u504f\u9ad8\uff0c\u6216\u6703\u9650\u5236\u77ed\u671f\u9032\u4e00\u6b65\u5347\u5e45\u3002<\/p>\n
\u6587\u7ae0\u63d0\u5230\u5167\u5bb9\u7531\u4eba\u5de5\u667a\u80fd\uff08AI\uff0c\u5229\u7528\u96fb\u8166\u6a21\u578b\u81ea\u52d5\u751f\u6210\u6587\u5b57\uff09\u5de5\u5177\u5354\u52a9\u88fd\u4f5c\uff0c\u4e26\u7531\u7de8\u8f2f\u5be9\u95b1\uff1b\u7f72\u540d\u70baFXStreet Insights Team\uff0c\u8a72\u5718\u968a\u6574\u7406\u5e02\u5834\u89c0\u5bdf\uff0c\u4e26\u52a0\u5165\u5167\u90e8\u53ca\u5916\u90e8\u8cc7\u6599\u4f86\u6e90\u7684\u5206\u6790\u3002<\/p>\n
\u4eca\u5e74\u9996\u5169\u500b\u6708\u9285\u7684\u4f9b\u61c9\u904e\u5269\u64f4\u5927\u81f3\u7d0430\u842c\u5678\uff0c\u8f03\u53bb\u5e74\u660e\u986f\u589e\u52a0\u3002\u4f9b\u904e\u65bc\u6c42\u4ee4\u50f9\u683c\u4e0a\u5347\u7a7a\u9593\u53d7\u9650\uff0c\u56e0\u5be6\u9ad4\u9700\u6c42\uff08\u5373\u5de5\u696d\u53ca\u88fd\u9020\u696d\u5be6\u969b\u7528\u9285\u91cf\uff09\u672a\u80fd\u8ffd\u4e0a\u7522\u91cf\uff0c\u76f8\u95dc\u60c5\u6cc1\u4ea6\u53cd\u6620\u5728\u4ea4\u6613\u6240\u5eab\u5b58\uff08\u5b58\u653e\u65bc\u4ea4\u6613\u6240\u6307\u5b9a\u5009\u5eab\u3001\u53ef\u4ea4\u5272\u7684\u73fe\u8ca8\u5b58\u8ca8\uff09\u4e4b\u4e0a\u3002<\/p>\n
\u502b\u6566\u91d1\u5c6c\u4ea4\u6613\u6240\uff08LME\uff0c\u5168\u7403\u4e3b\u8981\u57fa\u672c\u91d1\u5c6c\u4ea4\u6613\u5e73\u53f0\uff09\u6700\u65b0\u6578\u64da\u4ea6\u652f\u6301\u4e0a\u8ff0\u89c0\u9ede\uff1a\u672c\u6708\u5eab\u5b58\u4e0a\u534715%\uff0c\u5347\u81f36\u500b\u6708\u9ad8\u4f4d\u768415.5\u842c\u5678\u3002\u9019\u53cd\u6620\u5e02\u5834\u4f9b\u61c9\u5145\u88d5\uff0c\u4e4b\u524d\u7684\u6025\u5347\u6216\u5df2\u504f\u96e2\u57fa\u672c\u9762\u3002\u5c0d\u4ea4\u6613\u8005\u800c\u8a00\uff0c\u5eab\u5b58\u589e\u52a0\u610f\u5473\u77ed\u671f\u5167\u50f9\u683c\u66f4\u53ef\u80fd\u6a6b\u884c\u6216\u56de\u843d\u3002<\/p>\n
2\u6708\u7684\u9ad8\u50f9\uff08\u7d04\u6bcf\u56781.3\u842c\u7f8e\u5143\uff0c\u8f032025\u5e74\u521d\u9ad8\u8fd140%\uff09\u660e\u986f\u58d3\u6291\u6d88\u8cbb\u3002\u4e2d\u570b\u6700\u65b0\u88fd\u9020\u696d\u63a1\u8cfc\u7d93\u7406\u6307\u6578\uff08PMI\uff0c\u4ee550\u70ba\u76db\u8870\u5206\u754c\uff0c\u53cd\u6620\u88fd\u9020\u696d\u64f4\u5f35\u6216\u6536\u7e2e\u7684\u6708\u5ea6\u6307\u6a19\uff09\u50c550.1\uff0c\u4ea6\u986f\u793a\u4f5c\u70ba\u5168\u7403\u6700\u5927\u6d88\u8cbb\u570b\u7684\u5de5\u696d\u9700\u6c42\u6b63\u5728\u653e\u6162\u3002\u9700\u6c42\u53d7\u58d3\u662f\u9285\u50f9\u518d\u4e0a\u5347\u7684\u91cd\u8981\u963b\u529b\u3002<\/p>\n
\u5728\u6b64\u80cc\u666f\u4e0b\uff0c\u53ef\u8003\u616e\u4ee5\u50f9\u683c\u6574\u56fa\u6216\u5c0f\u5e45\u4e0b\u8dcc\u70ba\u65b9\u5411\u7684\u90e8\u7f72\uff0c\u4f8b\u5982\u8ce3\u51fa\u50f9\u5916\u8a8d\u8cfc\u671f\u6b0a\uff08out-of-the-money call\uff0c\u884c\u4f7f\u50f9\u9ad8\u65bc\u73fe\u50f9\u3001\u901a\u5e38\u8f03\u4fbf\u5b9c\u7684\u8cb7\u5165\u671f\u6b0a\uff09\u6216\u5efa\u7acb\u718a\u5e02\u8a8d\u8cfc\u50f9\u5dee\uff08bear call spread\uff1a\u540c\u6642\u8ce3\u51fa\u8f03\u4f4e\u884c\u4f7f\u50f9\u7684\u8a8d\u8cfc\u671f\u6b0a\u3001\u8cb7\u5165\u8f03\u9ad8\u884c\u4f7f\u50f9\u7684\u8a8d\u8cfc\u671f\u6b0a\uff0c\u4ee5\u9650\u5236\u6700\u5927\u8667\u640d\uff09\u3002\u9019\u985e\u7b56\u7565\u82e5\u50f9\u683c\u6a6b\u884c\u6216\u56de\u843d\uff0c\u53ef\u900f\u904e\u6536\u53d6\u671f\u6b0a\u91d1\uff08\u671f\u6b0a\u7684\u50f9\u683c\u3001\u5373\u6536\u53d6\u7684\u6b0a\u5229\u91d1\uff09\u7372\u5229\u3002<\/p>\n
\u80fd\u6e90\u6210\u672c\u504f\u9ad8\u7684\u4e0d\u78ba\u5b9a\u6027\u4ecd\u5728\uff0c\u5e03\u862d\u7279\u539f\u6cb9\uff08Brent\uff0c\u570b\u969b\u6cb9\u50f9\u57fa\u6e96\u4e4b\u4e00\uff09\u7dad\u6301\u6bcf\u687695\u7f8e\u5143\u4ee5\u4e0a\uff0c\u7e7c\u7e8c\u589e\u52a0\u5de5\u696d\u7528\u6236\u6210\u672c\u4e26\u524a\u5f31\u672a\u4f86\u9700\u6c42\u524d\u666f\u3002\u9019\u7a2e\u6301\u7e8c\u7684\u7d93\u6fdf\u58d3\u529b\u4ea6\u652f\u6301\u8003\u616e\u9632\u5b88\u6027\u8a8d\u6cbd\u671f\u6b0a\uff08protective put\uff1a\u6301\u6709\u76f8\u95dc\u8cc7\u7522\u6216\u98a8\u96aa\u655e\u53e3\u540c\u6642\u8cb7\u5165\u6cbd\u51fa\u671f\u6b0a\uff0c\u7528\u4f5c\u4e0b\u8dcc\u4fdd\u96aa\uff09\uff0c\u4ee5\u5728\u5168\u7403\u589e\u9577\u6307\u6a19\u7e7c\u7e8c\u8f49\u5f31\u3001\u50f9\u683c\u51fa\u73fe\u66f4\u660e\u986f\u8abf\u6574\u6642\u4f5c\u5c0d\u6c96\uff08hedge\uff0c\u7528\u53e6\u4e00\u9805\u4ea4\u6613\u62b5\u6d88\u539f\u6709\u98a8\u96aa\uff09\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"
\u5fb7\u570b\u5546\u696d\u9280\u884c\u962e\u6c0f\u6307\uff0c\u9285\u7522\u91cf\u64f4\u5927\u517c\u9700\u6c42\u75b2\u5f31\uff0c\u4f9b\u61c9\u904e\u5269\u589e\u81f330\u842c\u5678\uff0c\u6291\u5236\u9285\u50f9\u5347\u52e2\uff1b\u6295\u8cc7\u8005\u5b9c\u7559\u610f\u5eab\u5b58\u8b8a\u5316\u8207\u5b8f\u89c0\u6578\u64da\uff0c\u77ed\u7dda\u6ce2\u52d5\u6216\u52a0\u5287\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-46393","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\/46393","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=46393"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/zh-ca\/wp-json\/wp\/v2\/posts\/46393\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/zh-ca\/wp-json\/wp\/v2\/media?parent=46393"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/zh-ca\/wp-json\/wp\/v2\/categories?post=46393"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/zh-ca\/wp-json\/wp\/v2\/tags?post=46393"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}