{"id":40894,"date":"2026-03-25T01:58:43","date_gmt":"2026-03-25T01:58:43","guid":{"rendered":"https:\/\/www.vtmarkets.com\/uncategorized\/40894\/"},"modified":"2026-03-25T01:58:43","modified_gmt":"2026-03-25T01:58:43","slug":"%e6%9b%b4%e5%bc%b7%e5%8b%a2%e7%9a%84%e7%be%8e%e5%85%83%e5%8f%8d%e6%98%a0%e5%82%b5%e5%88%b8%e6%ae%96%e5%88%a9%e7%8e%87%e4%b8%8a%e5%8d%87%e3%80%81%e5%b0%8d%e8%81%af%e6%ba%96%e6%9c%83%e9%b7%b9%e6%b4%be","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/zh\/live-updates\/40894\/","title":{"rendered":"\u66f4\u5f37\u52e2\u7684\u7f8e\u5143\u53cd\u6620\u50b5\u5238\u6b96\u5229\u7387\u4e0a\u5347\u3001\u5c0d\u806f\u6e96\u6703\u9df9\u6d3e\u7acb\u5834\u7684\u62bc\u6ce8\u3001\u6cb9\u50f9\u63a8\u52d5\u7684\u901a\u81a8\u7591\u616e\uff0c\u4ee5\u53ca\u6b50\u5143\u5340PMI\u75b2\u5f31"},"content":{"rendered":"\u7f8e\u5143\u6307\u6578\uff08US Dollar Index\uff0cDXY\uff0c\u7528\u4f86\u8861\u91cf\u7f8e\u5143\u5c0d\u4e00\u7c43\u5b50\u4e3b\u8981\u8ca8\u5e63\u7684\u5f37\u5f31\uff09\u5728 99.50 \u9644\u8fd1\u4ea4\u6613\uff1b\u7f8e\u570b\u516c\u50b5\u6b96\u5229\u7387\uff08US Treasury yields\uff0c\u7f8e\u570b\u653f\u5e9c\u50b5\u5238\u7684\u5831\u916c\u7387\uff09\u8d70\u9ad8\uff0c\u4ee5\u53ca\u5e02\u5834\u5c0d\u806f\u6e96\u6703\uff08Federal Reserve\uff0c\u7c21\u7a31 Fed\uff0c\u7f8e\u570b\u4e2d\u592e\u9280\u884c\uff09\u5229\u7387\u8def\u5f91\u7684\u9810\u671f\u66f4\u504f\u7dca\uff0c\u652f\u6490\u7f8e\u5143\uff0c\u98a8\u96aa\u60c5\u7dd2\uff08risk sentiment\uff0c\u5e02\u5834\u9858\u4e0d\u9858\u610f\u627f\u64d4\u98a8\u96aa\u7684\u6c23\u6c1b\uff09\u5247\u504f\u6df7\u4e82\u3002\u897f\u5fb7\u5dde\u539f\u6cb9\uff08WTI\uff0cWest Texas Intermediate\uff0c\u7f8e\u570b\u57fa\u6e96\u539f\u6cb9\uff09\u4e0a\u6f32\u63a5\u8fd1\u6bcf\u6876 92 \u7f8e\u5143\uff0c\u63a8\u5347\u901a\u81a8\u58d3\u529b\u4e26\u652f\u6490\u7f8e\u5143\u3002\n\n\u6b50\u5143\u514c\u7f8e\u5143\uff08EUR\/USD\uff09\u5728\u6b50\u5143\u5340 PMI\uff08\u63a1\u8cfc\u7d93\u7406\u4eba\u6307\u6578\uff0c\u7528\u4f86\u89c0\u5bdf\u666f\u6c23\u64f4\u5f35\u6216\u6536\u7e2e\uff09\u75b2\u5f31\u5f8c\u8dcc\u5411 1.1580\uff0c\u670d\u52d9\u696d\u6d3b\u52d5\u5e7e\u4e4e\u6301\u5e73\u3002\u82f1\u938a\u514c\u7f8e\u5143\uff08GBP\/USD\uff09\u56de\u843d\u81f3\u7d04 1.3385\uff0c\u56e0\u82f1\u570b\u4f01\u696d\u6d3b\u52d5\u653e\u7de9\uff0c\u4e14\u5728\u80fd\u6e90\u50f9\u683c\u4e0a\u5347\u4e0b\u6210\u672c\u58d3\u529b\u589e\u52a0\u3002\n\n<h3>\u4e3b\u8981\u8ca8\u5e63\u5c0d\u7684\u95dc\u9375\u8d70\u52e2<\/h3>\n\u7f8e\u5143\u514c\u65e5\u5713\uff08USD\/JPY\uff09\u5b88\u5728 159.00 \u9644\u8fd1\uff0c\u53d7\u7f8e\u570b\u6b96\u5229\u7387\u8d70\u9ad8\u652f\u6490\uff1b\u65e5\u5713\u4ecd\u504f\u5f31\uff0c\u4e3b\u56e0\u662f\u653f\u7b56\u843d\u5dee\uff08policy gaps\uff0c\u5169\u570b\u8ca8\u5e63\u653f\u7b56\u65b9\u5411\u4e0d\u540c\u9020\u6210\u7684\u5dee\u8ddd\uff09\u3002\u6fb3\u5e63\u514c\u7f8e\u5143\uff08AUD\/USD\uff09\u89f8\u53ca 0.6940\uff0c\u5076\u723e\u53d7\u8f03\u5f31\u7684\u7f8e\u5143\u5e36\u52d5\uff0c\u4f46\u56e0 PMI \u504f\u5f31\u8207\u80fd\u6e90\u6210\u672c\u4e0a\u5347\u5f15\u767c\u7684\u6210\u9577\u7591\u616e\u800c\u53d7\u9650\u3002\n\n\u9ec3\u91d1\u5728 4,406 \u7f8e\u5143\u9644\u8fd1\u4ea4\u6613\uff0c\u9031\u4e00\u4f4e\u9ede\u70ba 4,098\uff1b\u5730\u7de3\u653f\u6cbb\u98a8\u96aa\uff08geopolitical risk\uff0c\u570b\u969b\u885d\u7a81\u4e0d\u78ba\u5b9a\u6027\uff09\u5e36\u4f86\u652f\u6490\uff0c\u4f46\u6b96\u5229\u7387\u8207\u504f\u5f37\u7f8e\u5143\u9650\u5236\u6f32\u5e45\u3002\u5373\u5c07\u516c\u5e03\u7684\u6578\u64da\u5305\u62ec\uff1a\u6fb3\u6d32 CPI\uff08\u6d88\u8cbb\u8005\u7269\u50f9\u6307\u6578\uff0c\u8861\u91cf\u901a\u81a8\uff1b2 \u6708\uff09\u3001\u82f1\u570b CPI\u3001PPI\uff08\u751f\u7522\u8005\u7269\u50f9\u6307\u6578\uff0c\u504f\u4e0a\u6e38\u6210\u672c\uff09\u3001RPI\uff08\u96f6\u552e\u7269\u50f9\u6307\u6578\uff0c\u82f1\u570b\u8f03\u820a\u7684\u901a\u81a8\u6307\u6a19\uff09\u3001\u745e\u58eb ZEW \u9810\u671f\uff08ZEW expectations\uff0c\u5c0d\u672a\u4f86\u666f\u6c23\u7684\u770b\u6cd5\uff1b3 \u6708\uff09\u3001\u5fb7\u570b IFO\uff08\u4f01\u696d\u666f\u6c23\u8abf\u67e5\uff1b3 \u6708\uff09\uff0c\u4ee5\u53ca\u745e\u58eb\u592e\u884c\uff08SNB\uff0cSwiss National Bank\uff0c\u745e\u58eb\u4e2d\u592e\u9280\u884c\uff09\u5b63\u5831\uff08Q1\uff09\u3002\n\n\u4e4b\u5f8c\u9084\u6709\uff1a\u5fb7\u570b GfK\uff08\u6d88\u8cbb\u8005\u4fe1\u5fc3\uff1b4 \u6708\uff09\u3001\u6b50\u5143\u5340 GDP\uff08\u570b\u5167\u751f\u7522\u6bdb\u984d\uff0c\u7d93\u6fdf\u7522\u51fa\uff1bQ4\uff09\u3001\u7f8e\u570b\u521d\u9818\u5931\u696d\u6551\u6fdf\u91d1\uff08jobless claims\uff0c\u5c31\u696d\u5e02\u5834\u51b7\u71b1\u6307\u6a19\uff09\u3001\u7d10\u897f\u862d ANZ\u2013Roy Morgan \u4fe1\u5fc3\uff08\u6c11\u9593\u8abf\u67e5\u7684\u6d88\u8cbb\uff0f\u4fe1\u5fc3\u6307\u6a19\uff1b3 \u6708\uff09\u3001\u82f1\u570b\u4fe1\u5fc3\uff083 \u6708\uff09\u8207\u96f6\u552e\u92b7\u552e\uff08retail sales\uff0c\u8861\u91cf\u6d88\u8cbb\u652f\u51fa\uff1b2 \u6708\uff09\u3001\u6b50\u5143\u5340 HICP\uff08\u5354\u8abf\u6d88\u8cbb\u8005\u7269\u50f9\u6307\u6578\uff0c\u6b50\u6d32\u7528\u4f86\u6bd4\u8f03\u5404\u570b\u901a\u81a8\u7684\u6a19\u6e96\uff1b3 \u6708\uff09\u4ee5\u53ca\u7f8e\u570b\u5bc6\u897f\u6839\u5927\u5b78\u4fe1\u5fc3\uff08Michigan sentiment\uff0c\u6d88\u8cbb\u8005\u4fe1\u5fc3\uff09\u3002WTI \u50f9\u683c\u4e3b\u8981\u53d7\u4f9b\u9700\u3001OPEC \u914d\u984d\uff08\u77f3\u6cb9\u8f38\u51fa\u570b\u7d44\u7e54\u7684\u7522\u91cf\u76ee\u6a19\uff09\u3001\u7f8e\u5143\uff0c\u4ee5\u53ca API \u8207 EIA \u5eab\u5b58\u5831\u544a\uff08API \u70ba\u7f8e\u570b\u77f3\u6cb9\u5354\u6703\u7684\u6c11\u9593\u7d71\u8a08\uff1bEIA \u70ba\u7f8e\u570b\u80fd\u6e90\u8cc7\u8a0a\u7f72\u7684\u5b98\u65b9\u7d71\u8a08\uff09\u5f71\u97ff\uff1b\u5169\u8005\u6709 75% \u7684\u6642\u9593\u5dee\u7570\u5728 1% \u4ee5\u5167\u3002\n\n\u4e00\u5e74\u524d\uff0c\u7f8e\u5143\u6307\u6578\u4e5f\u66fe\u63a8\u5411 99.50\uff0c\u4e3b\u8981\u9760\u806f\u6e96\u6703\u66f4\u5f37\u786c\u8207\u6b96\u5229\u7387\u5927\u5347\u5e36\u52d5\u3002\u5982\u4eca DXY \u7d04\u5728 95.00 \u9644\u8fd1\uff0c\u60c5\u52e2\u5df2\u6539\u8b8a\uff0c\u56e0\u806f\u6e96\u6703\u5c0d\u5347\u964d\u606f\u66f4\u6709\u8010\u5fc3\u3002\u9019\u8868\u793a\uff0c\u7e7c\u7e8c\u62bc\u6ce8\u7f8e\u5143\u5168\u9762\u8d70\u5f37\uff08broad dollar strength\uff0c\u5c0d\u591a\u6578\u8ca8\u5e63\u540c\u6642\u770b\u591a\u7f8e\u5143\uff09\u9019\u7a2e\u5728 2025 \u5e74\u521d\u6709\u6548\u7684\u7b56\u7565\uff0c\u73fe\u5728\u98a8\u96aa\u66f4\u9ad8\u3002\n\n\u6211\u5011\u5bc6\u5207\u95dc\u6ce8\u6cb9\u50f9\uff0c\u56e0 WTI \u76ee\u524d\u5728\u6bcf\u6876 78 \u7f8e\u5143\u9644\u8fd1\uff0c\u660e\u986f\u4f4e\u65bc\u53bb\u5e74\u540c\u671f\u7d04 92 \u7f8e\u5143\u3002\u901a\u81a8\u7684\u4e3b\u8981\u63a8\u624b\u4e5f\u5f9e\u5730\u7de3\u653f\u6cbb\u9020\u6210\u7684\u4f9b\u7d66\u885d\u64ca\uff08supply shocks\uff0c\u4f9b\u7d66\u7a81\u7136\u6e1b\u5c11\u5f15\u767c\u50f9\u683c\u4e0a\u6f32\uff09\u8f49\u5411\u52de\u52d5\u5e02\u5834\u6301\u7e8c\u504f\u7dca\uff08labor markets tightness\uff0c\u4eba\u529b\u4f9b\u7d66\u4e0d\u8db3\u3001\u85aa\u8cc7\u58d3\u529b\u8f03\u5927\uff09\u3002\u56e0\u6b64\u4ea4\u6613\u8005\u61c9\u5c11\u770b\u6cb9\u4f9b\u65b0\u805e\uff0c\u591a\u770b\u5c31\u696d\u6578\u64da\uff0c\u4f8b\u5982\u4e0a\u9031\u7f8e\u570b\u521d\u9818\u5931\u696d\u91d1 21.5 \u842c\uff0c\u4f86\u5224\u65b7\u901a\u81a8\u8d70\u5411\u3002\n\n<h3>\u4ea4\u6613\u8005\u76ee\u524d\u95dc\u6ce8\u7684\u91cd\u9ede<\/h3>\n\u6b50\u5143\u514c\u7f8e\u5143\u5df2\u5f9e 2025 \u5e74 3 \u6708\u96e3\u4ee5\u7a81\u7834\u7684 1.1580 \u5340\u57df\u660e\u986f\u56de\u5347\uff0c\u7576\u6642\u75b2\u5f31\u7684\u4f01\u696d\u6d3b\u52d5\u6578\u64da\u62d6\u7d2f\u8ca8\u5e63\u3002\u73fe\u5728\uff0c\u6b50\u5143\u5340\u6700\u65b0\u7684\u521d\u6b65\u901a\u81a8\uff08preliminary inflation\uff0c\u5148\u884c\u4f30\u7b97\u503c\uff09\u5e74\u589e 3.2%\uff0c\u6b50\u6d32\u592e\u884c\uff08European Central Bank\uff0cECB\uff0c\u6b50\u5143\u5340\u4e2d\u592e\u9280\u884c\uff09\u7684\u653f\u7b56\u6c7a\u7b56\u6210\u70ba\u4e3b\u8981\u9a45\u52d5\u56e0\u7d20\u3002\u82e5\u63a5\u4e0b\u4f86\u7684\u6210\u9577\u6578\u64da\u986f\u793a\u6b50\u5143\u5340\u53ef\u907f\u514d\u6df1\u5ea6\u8870\u9000\uff0c\u6b50\u5143\u4ecd\u6709\u518d\u8d70\u5f37\u7684\u7a7a\u9593\u3002\n\n\u56de\u9867\u4f86\u770b\uff0c\u82f1\u938a\u66fe\u5728 1.3385 \u9644\u8fd1\u5927\u8dcc\uff0c\u4e3b\u56e0\u662f\u82f1\u570b\u6210\u672c\u58d3\u529b\u975e\u5e38\u5927\u3002\u96d6\u7136\u76ee\u524d\u5df2\u8f03\u7a69\u5b9a\uff0c\u4f46\u5373\u5c07\u516c\u5e03\u7684\u82f1\u570b\u901a\u81a8\u4ecd\u662f\u5f71\u97ff\u82f1\u938a\uff08sterling\uff0c\u82f1\u938a\u7684\u5225\u7a31\uff09\u76f8\u95dc\u8ca8\u5e63\u5c0d\u7684\u95dc\u9375\u4e8b\u4ef6\u3002\u82e5\u901a\u81a8\u9ad8\u65bc\u9810\u671f\uff0c\u53ef\u80fd\u8feb\u4f7f\u82f1\u570b\u592e\u884c\uff08Bank of England\uff0cBoE\uff09\u8abf\u6574\u7acb\u5834\uff0c\u4e26\u5e36\u4f86\u66f4\u5927\u6ce2\u52d5\u3002\n\n\u5148\u524d\u8b93 USD\/JPY \u98c6\u5411 159.00 \u7684\u6975\u7aef\u653f\u7b56\u5206\u6b67\uff08policy divergence\uff0c\u5169\u570b\u653f\u7b56\u65b9\u5411\u5dee\u5f88\u5927\uff09\u5df2\u660e\u986f\u964d\u6eab\u3002\u532f\u50f9\u56de\u843d\u53cd\u6620\u7f8e\u65e5\u5229\u5dee\uff08interest rate gap\uff0c\u5169\u570b\u5229\u7387\u5dee\u8ddd\uff09\u7e2e\u5c0f\u3002\u53bb\u5e74\u642d\u4e0a\u5f37\u52e2\u4e0a\u6f32\u8da8\u52e2\u7684\u4ea4\u6613\u8005\uff0c\u73fe\u5728\u9700\u8981\u8003\u616e\u5340\u9593\u4ea4\u6613\uff08range-bound trading\uff0c\u50f9\u683c\u5728\u4e00\u6bb5\u5340\u9593\u5167\u4f86\u56de\uff09\u6216\u62bc\u6ce8\u65e5\u5713\u9032\u4e00\u6b65\u8f49\u5f37\u7684\u7b56\u7565\u3002\n\n\u9ec3\u91d1\u65b9\u9762\uff0c\u8207\u53bb\u5e74\u4e0d\u540c\uff1b\u7576\u6642\u91d1\u50f9\u4e0a\u653b\u52d5\u80fd\u5728 4,400 \u7f8e\u5143\u9644\u8fd1\u56e0\u7f8e\u5143\u5f37\u52e2\u800c\u53d7\u9650\u3002\u96a8\u8457\u7f8e\u570b\u6b96\u5229\u7387\u81ea 2025 \u5e74\u9ad8\u9ede\u56de\u843d\uff0c\u9ec3\u91d1\u518d\u5ea6\u8f49\u5f37\u3002\u6211\u5011\u8a8d\u70ba\u8cb7\u9032\u9ec3\u91d1\u8cb7\u6b0a\uff08call options\uff0c\u9078\u64c7\u6b0a\uff1a\u652f\u4ed8\u6b0a\u5229\u91d1\u5f8c\uff0c\u672a\u4f86\u53ef\u7528\u7d04\u5b9a\u50f9\u683c\u8cb7\u5165\u6a19\u7684\u7684\u6b0a\u5229\uff09\u53ef\u80fd\u662f\u56e0\u61c9\u76ee\u524d\u7e3d\u9ad4\u74b0\u5883\uff08macroeconomic environment\uff0c\u5229\u7387\u3001\u901a\u81a8\u3001\u6210\u9577\u7b49\u5927\u65b9\u5411\uff09\u7684\u4e00\u7a2e\u65b9\u5f0f\u3002\n<p>\n\n<p><strong>\u7acb\u5373\u958b\u59cb\u4ea4\u6613 &#8211; \u9ede\u64ca<a href=\"https:\/\/www.vtmarkets.com\/trade-now\/\">\u9019\u88e1<\/a>\u5275\u5efa\u60a8\u7684 VT Markets \u771f\u5be6\u8cec\u6236 <\/strong> <\/p>\n<!-- \/wp:post-content -->","protected":false},"excerpt":{"rendered":"<p>\u7f8e\u5143\u53d7\u6b96\u5229\u7387\u8d70\u9ad8\u8207\u6cb9\u50f9\u63a8\u5347\u901a\u81a8\u6490\u76e4\uff0c\u6b50\u5143\u3001\u82f1\u938a\u56e0PMI\u75b2\u5f31\u627f\u58d3\uff1b\u65e5\u5713\u8f49\u5340\u9593\u3001\u9ec3\u91d1\u53d7\u5730\u7de3\u652f\u6490\u3002\u95dc\u9375\uff1a\u901a\u81a8\u8207\u5c31\u696d\u6578\u64da\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-40894","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\/wp-json\/wp\/v2\/posts\/40894","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/zh\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/zh\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/zh\/wp-json\/wp\/v2\/users\/87"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/zh\/wp-json\/wp\/v2\/comments?post=40894"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/zh\/wp-json\/wp\/v2\/posts\/40894\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/zh\/wp-json\/wp\/v2\/media?parent=40894"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/zh\/wp-json\/wp\/v2\/categories?post=40894"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/zh\/wp-json\/wp\/v2\/tags?post=40894"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}