{"id":43493,"date":"2026-03-27T12:51:19","date_gmt":"2026-03-27T12:51:19","guid":{"rendered":"https:\/\/www.vtmarketsmy.com\/cn\/uncategorized\/%e5%b8%95%e5%af%9f%e5%88%a9%e5%be%b7%e6%96%af%e7%a7%b0%ef%bc%8c%e5%9c%a8%e6%ac%a7%e6%b4%b2%e5%a4%ae%e8%a1%8c%e6%8e%8c%e6%8f%a1%e8%b6%b3%e5%a4%9f%e4%bf%a1%e6%81%af%e5%89%8d%ef%bc%8c%e6%94%bf%e7%ad%96\/"},"modified":"2026-03-27T12:51:19","modified_gmt":"2026-03-27T12:51:19","slug":"%e5%b8%95%e5%af%9f%e5%88%a9%e5%be%b7%e6%96%af%e7%a7%b0%ef%bc%8c%e5%9c%a8%e6%ac%a7%e6%b4%b2%e5%a4%ae%e8%a1%8c%e6%8e%8c%e6%8f%a1%e8%b6%b3%e5%a4%9f%e4%bf%a1%e6%81%af%e5%89%8d%ef%bc%8c%e6%94%bf%e7%ad%96","status":"publish","type":"post","link":"https:\/\/www.vtmarketsmy.com\/cn\/live-updates\/%e5%b8%95%e5%af%9f%e5%88%a9%e5%be%b7%e6%96%af%e7%a7%b0%ef%bc%8c%e5%9c%a8%e6%ac%a7%e6%b4%b2%e5%a4%ae%e8%a1%8c%e6%8e%8c%e6%8f%a1%e8%b6%b3%e5%a4%9f%e4%bf%a1%e6%81%af%e5%89%8d%ef%bc%8c%e6%94%bf%e7%ad%96\/","title":{"rendered":"\u5e15\u5bdf\u5229\u5fb7\u65af\u79f0\uff0c\u5728\u6b27\u6d32\u592e\u884c\u638c\u63e1\u8db3\u591f\u4fe1\u606f\u524d\uff0c\u653f\u7b56\u5236\u5b9a\u8005\u5e94\u907f\u514d\u4ed3\u4fc3\u8c03\u6574\u8d27\u5e01\u653f\u7b56"},"content":{"rendered":"\u57fa\u7763\u675c\u6d1b\u65af\u00b7\u5e15\u5bdf\u5229\u5fb7\u65af\uff08Christodoulos Patsalides\uff09\u662f\u6b27\u6d32\u592e\u884c\uff08ECB\uff0c\u6b27\u5143\u533a\u7684\u4e2d\u592e\u94f6\u884c\uff09\u51b3\u7b56\u8005\u3001\u4e5f\u662f\u585e\u6d66\u8def\u65af\u4e2d\u592e\u94f6\u884c\u884c\u957f\u3002\u4ed6\u8868\u793a\uff0c\u5728\u83b7\u5f97\u66f4\u591a\u4fe1\u606f\u4e4b\u524d\uff0c\u6ca1\u6709\u5fc5\u8981\u6025\u4e8e\u8c03\u6574\u8d27\u5e01\u653f\u7b56\uff08\u6307\u4e2d\u592e\u94f6\u884c\u901a\u8fc7\u5229\u7387\u4e0e\u8d44\u91d1\u4f9b\u7ed9\u6765\u5f71\u54cd\u901a\u80c0\u4e0e\u7ecf\u6d4e\u7684\u653f\u7b56\uff09\u3002\u4ed6\u6307\u51fa\uff0c\u6b27\u6d32\u592e\u884c\u76ee\u524d\u8fd8\u6ca1\u6709\u8db3\u591f\u6570\u636e\u5224\u65ad\uff1a\u8fd1\u671f\u53d8\u5316\u5e94\u88ab\u5ffd\u7565\uff0c\u8fd8\u662f\u5e94\u5f71\u54cd\u5229\u7387\u51b3\u5b9a\u3002\n\n\u4ed6\u4e5f\u8bf4\uff0c\u8ddd\u79bb\u9884\u6d4b\u6570\u636e\u7684\u622a\u6b62\u65e5\u671f\uff08\u7528\u4e8e\u5236\u4f5c\u7ecf\u6d4e\u9884\u6d4b\u7684\u6700\u540e\u53d6\u6570\u65f6\u95f4\u70b9\uff09\u4ec5\u8fc7\u53bb\u4e24\u5468\u3002\u81ea\u90a3\u4ee5\u540e\uff0c\u6218\u4e89\u7684\u6301\u7eed\u65f6\u95f4\u6216\u5f3a\u5ea6\u6ca1\u6709\u53d8\u5316\uff0c\u60c5\u51b5\u4ecd\u4e0e\u201c\u57fa\u51c6\u60c5\u666f\u201d\uff08baseline\uff0c\u5373\u592e\u884c\u9884\u6d4b\u4e2d\u7684\u4e3b\u8981\u5047\u8bbe\u8def\u5f84\uff09\u4e00\u81f4\u3002\n\n<h3>\u7b49\u5f85\u66f4\u591a\u6570\u636e<\/h3>\n\u4ed6\u8868\u793a\uff0c\u51b3\u7b56\u4e0d\u5e94\u51ed\u76f4\u89c9\uff08gut feeling\uff09\uff0c\u884c\u52a8\u524d\u9700\u8981\u66f4\u591a\u4fe1\u606f\uff1b\u4ed6\u4e5f\u5f3a\u8c03\u4e0d\u4f1a\u4ed3\u4fc3\u505a\u51b3\u5b9a\u3002\n\n\u6b27\u5143\u5bf9\u76f8\u5173\u8a00\u8bba\u53cd\u5e94\u4e0d\u5927\u3002\u64b0\u7a3f\u65f6\uff0c\u6b27\u5143\u5151\u7f8e\u5143\uff08EUR\/USD\uff09\u5c0f\u5e45\u8d70\u4f4e\uff0c\u9760\u8fd11.1520\u3002\n\n\u6b27\u6d32\u592e\u884c\u603b\u90e8\u5728\u6cd5\u5170\u514b\u798f\uff0c\u76ee\u6807\u662f\u628a\u901a\u80c0\u7ef4\u6301\u5728\u7ea62%\uff0c\u4e3b\u8981\u5de5\u5177\u662f\u5229\u7387\uff08\u501f\u8d37\u6210\u672c\uff09\u3002\u8d27\u5e01\u653f\u7b56\u51b3\u5b9a\u6bcf\u5e74\u4f5c\u51fa\u516b\u6b21\uff0c\u7531\u7ba1\u7406\u59d4\u5458\u4f1a\uff08Governing Council\uff09\u6295\u7968\u51b3\u5b9a\uff1b\u6210\u5458\u5305\u62ec\u5404\u56fd\u592e\u884c\u884c\u957f\uff0c\u4ee5\u53ca6\u540d\u5e38\u4efb\u59d4\u5458\uff0c\u5176\u4e2d\u5305\u62ec\u884c\u957f\u62c9\u52a0\u5fb7\uff08Christine Lagarde\uff09\u3002\n\n\u91cf\u5316\u5bbd\u677e\uff08Quantitative Easing\uff0cQE\uff09\u662f\u592e\u884c\u201c\u521b\u9020\u66f4\u591a\u6b27\u5143\u8d44\u91d1\u201d\uff08\u901a\u8fc7\u6269\u5f20\u8d44\u4ea7\u8d1f\u503a\u8868\uff09\u53bb\u8d2d\u4e70\u8d44\u4ea7\uff0c\u4f8b\u5982\u653f\u5e9c\u503a\u5238\u6216\u4f01\u4e1a\u503a\u5238\uff1b\u901a\u5e38\u4f1a\u538b\u4f4e\u6b27\u5143\u6c47\u7387\u3002\u5b83\u66fe\u57282009-11\u5e74\u30012015\u5e74\u4ee5\u53ca\u65b0\u51a0\u75ab\u60c5\u671f\u95f4\u4f7f\u7528\u3002\u91cf\u5316\u7d27\u7f29\uff08Quantitative Tightening\uff0cQT\uff09\u5219\u662f\u505c\u6b62\u51c0\u4e70\u5165\u503a\u5238\uff0c\u5e76\u505c\u6b62\u628a\u5230\u671f\u503a\u5238\u672c\u91d1\u518d\u6295\u8d44\uff08\u5230\u671f\u540e\u4e0d\u518d\u7eed\u4e70\uff09\uff1b\u4e00\u822c\u6709\u5229\u4e8e\u6b27\u5143\uff08\u56e0\u4e3a\u5e02\u573a\u4e0a\u7684\u8d44\u91d1\u66f4\u7d27\u3001\u5229\u7387\u53ef\u80fd\u66f4\u9ad8\uff09\u3002\n\n<h3>\u540e\u7eed\u5e02\u573a\u5f71\u54cd<\/h3>\n\u5e02\u573a\u89c2\u5bdf\u5230\uff0c\u6b27\u6d32\u592e\u884c\u51b3\u7b56\u8005\u5728\u91ca\u653e\u201c\u6682\u65f6\u6309\u5175\u4e0d\u52a8\u201d\u7684\u4fe1\u53f7\uff0c\u5e76\u5f3a\u8c03\u5728\u8003\u8651\u8c03\u6574\u5229\u7387\u524d\u9700\u8981\u66f4\u591a\u6570\u636e\u3002\u8fd9\u610f\u5473\u7740\u672a\u6765\u51e0\u5468\uff0c\u4e0d\u5b9c\u62bc\u6ce8\u4f1a\u7a81\u7136\u52a0\u606f\u6216\u964d\u606f\u3002\n\n\u6b27\u5143\u533a\u6700\u65b0\u901a\u80c0\u201c\u5feb\u62a5\u4f30\u503c\u201d\uff08flash estimate\uff0c\u521d\u6b65\u5feb\u901f\u7edf\u8ba1\uff09\u4ecd\u987d\u56fa\u7ef4\u6301\u57282.4%\uff0c\u9ad8\u4e8e\u592e\u884c2%\u76ee\u6807\u3002\u4e0e\u6b64\u540c\u65f6\uff0c\u8fd1\u671fGDP\uff08\u56fd\u5185\u751f\u4ea7\u603b\u503c\uff0c\u8861\u91cf\u7ecf\u6d4e\u89c4\u6a21\u4e0e\u589e\u957f\u7684\u6307\u6807\uff09\u589e\u957f\u9884\u6d4b\u88ab\u4e0b\u4fee\u81f3\u75b2\u5f31\u76840.1%\uff0c\u4ee4\u51b3\u7b56\u66f4\u68d8\u624b\u3002\u901a\u80c0\u964d\u4e0d\u4e0b\u6765\u3001\u7ecf\u6d4e\u53c8\u4e4f\u529b\uff0c\u8fd9\u79cd\u62c9\u626f\u89e3\u91ca\u4e86\u4e3a\u4f55\u592e\u884c\u9009\u62e9\u7b49\u5f85\u66f4\u6e05\u6670\u7684\u65b9\u5411\u3002\n\n\u8fd9\u79cd\u8c28\u614e\u7acb\u573a\u53ef\u80fd\u538b\u4f4e\u6b27\u5143\u533a\u77ed\u671f\u5229\u7387\u7684\u6ce2\u52a8\u3002VSTOXX\u6ce2\u52a8\u7387\u6307\u6570\uff08\u53cd\u6620\u6b27\u5143\u533a\u80a1\u5e02\u9884\u671f\u6ce2\u52a8\u7684\u6307\u6807\uff09\u5f98\u5f8a\u572818\u5de6\u53f3\uff0c\u8bf4\u660e\u4ecd\u6709\u4e0d\u786e\u5b9a\u6027\uff0c\u4f46\u4e0d\u81f3\u4e8e\u6050\u614c\u3002\u56e0\u6b64\uff0c\u53ef\u8003\u8651\u504f\u5411\u201c\u533a\u95f4\u884c\u60c5\u201d\u7684\u7b56\u7565\uff0c\u4f8b\u5982\u5728EUR\/USD\u7b49\u8d27\u5e01\u5bf9\u4e0a\u5356\u51fa\u77ed\u671f\u9650\u7684\u8de8\u5f0f\u671f\u6743\uff08short-dated options straddles\uff1a\u540c\u65f6\u5356\u51fa\u76f8\u540c\u884c\u6743\u4ef7\u7684\u770b\u6da8\u4e0e\u770b\u8dcc\u671f\u6743\uff0c\u4ee5\u8d5a\u53d6\u6743\u5229\u91d1\uff1b\u82e5\u6c47\u7387\u5927\u5e45\u6ce2\u52a8\u5219\u98ce\u9669\u66f4\u9ad8\uff09\u3002\n\n\u6b27\u5143\u5151\u7f8e\u5143\u53ef\u80fd\u7ee7\u7eed\u7f3a\u4e4f\u65b9\u5411\uff0c\u76ee\u524d\u4ea4\u6613\u57281.0850\u9644\u8fd1\u3002\u6b27\u6d32\u592e\u884c\u82e5\u7ef4\u6301\u4e0d\u52a8\uff0c\u5229\u5dee\uff08interest rate differentials\uff0c\u4e0d\u540c\u56fd\u5bb6\u5229\u7387\u5dee\u5e26\u6765\u7684\u8d44\u91d1\u6d41\u5411\u56e0\u7d20\uff09\u77ed\u671f\u5185\u7f3a\u4e4f\u63a8\u52a8\u6c47\u7387\u660e\u663e\u8d70\u9ad8\u7684\u50ac\u5316\u5242\u3002\u6765\u81ea\u6cd5\u5170\u514b\u798f\u7684\u653f\u7b56\u8def\u5f84\u4e0d\u6e05\u6670\uff0c\u53ef\u80fd\u8ba9EUR\/USD\u7ee7\u7eed\u88ab\u9650\u5236\u5728\u8fd1\u671f\u4ea4\u6613\u533a\u95f4\u5185\u3002\n\n\u6211\u4eec\u8bb0\u5f97\uff0c2025\u5e74\u5927\u90e8\u5206\u65f6\u95f4\u91cc\uff0c\u968f\u7740\u901a\u80c0\u4ece\u75ab\u540e\u9ad8\u70b9\u56de\u843d\uff0c\u6b27\u6d32\u592e\u884c\u66fe\u8fdb\u884c\u4e00\u7cfb\u5217\u8c28\u614e\u7684\u964d\u606f\u3002\u4e0d\u8fc7\uff0c\u5982\u4eca\u7684\u6682\u505c\u663e\u793a\uff0c\u901a\u80c0\u56de\u843d\u4e2d\u201c\u6700\u5bb9\u6613\u7684\u9636\u6bb5\u201d\u5df2\u7ecf\u8fc7\u53bb\u3002\u8fd1\u671f\u7ecf\u9a8c\u610f\u5473\u7740\uff0c\u672a\u6765\u65e0\u8bba\u8fdb\u4e00\u6b65\u964d\u606f\u6216\u8f6c\u5411\u52a0\u606f\uff0c\u95e8\u69db\u90fd\u4f1a\u660e\u663e\u66f4\u9ad8\u3002\n<p>\r\n\r\n<p><strong>\u7acb\u5373\u5f00\u59cb\u4ea4\u6613 &#8211; \u70b9\u51fb<a href=\"https:\/\/www.vtmarketsmy.com\/cn\/trade-now\/\">\u8fd9\u91cc<\/a>\u521b\u5efa\u60a8\u7684 VT Markets \u771f\u5b9e\u8d26\u6237 <\/strong> <\/p>\r\n<!-- \/wp:post-content -->","protected":false},"excerpt":{"rendered":"<p>\u6b27\u592e\u884c\u59d4\u5458\u5e15\u5bdf\u5229\u5fb7\u65af\u653e\u8bdd\uff1a\u522b\u6025\u52a8\u5229\u7387\uff0c\u5148\u7b49\u66f4\u591a\u6570\u636e\u3002\u901a\u80c0\u4ecd\u57282.4%\u9ad8\u4f4d\u3001\u589e\u957f\u4ec50.1%\u66f4\u68d8\u624b\uff0c\u6b27\u5143\u6216\u7eed\u9677\u533a\u95f4\u9707\u8361\u3002<\/p>\n","protected":false},"author":12,"featured_media":0,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[129],"tags":[],"class_list":["post-43493","post","type-post","status-publish","format-standard","hentry","category-live-updates"],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarketsmy.com\/cn\/wp-json\/wp\/v2\/posts\/43493","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarketsmy.com\/cn\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarketsmy.com\/cn\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarketsmy.com\/cn\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarketsmy.com\/cn\/wp-json\/wp\/v2\/comments?post=43493"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarketsmy.com\/cn\/wp-json\/wp\/v2\/posts\/43493\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarketsmy.com\/cn\/wp-json\/wp\/v2\/media?parent=43493"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarketsmy.com\/cn\/wp-json\/wp\/v2\/categories?post=43493"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarketsmy.com\/cn\/wp-json\/wp\/v2\/tags?post=43493"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}