{"id":44616,"date":"2026-04-14T16:22:45","date_gmt":"2026-04-14T16:22:45","guid":{"rendered":"https:\/\/www.vtmarketsmy.com\/cn\/uncategorized\/ing%e5%88%86%e6%9e%90%e5%b8%88%e7%a7%b0%ef%bc%8c%e9%9a%8f%e7%9d%80%e7%be%8e%e4%bc%8a%e7%b4%a7%e5%bc%a0%e5%b1%80%e5%8a%bf%e7%bc%93%e5%92%8c%e3%80%81%e6%b2%b9%e4%bb%b7%e4%b8%8b%e8%b7%8c%ef%bc%8c\/"},"modified":"2026-04-14T16:22:45","modified_gmt":"2026-04-14T16:22:45","slug":"ing%e5%88%86%e6%9e%90%e5%b8%88%e7%a7%b0%ef%bc%8c%e9%9a%8f%e7%9d%80%e7%be%8e%e4%bc%8a%e7%b4%a7%e5%bc%a0%e5%b1%80%e5%8a%bf%e7%bc%93%e5%92%8c%e3%80%81%e6%b2%b9%e4%bb%b7%e4%b8%8b%e8%b7%8c%ef%bc%8c","status":"publish","type":"post","link":"https:\/\/www.vtmarketsmy.com\/cn\/live-updates\/ing%e5%88%86%e6%9e%90%e5%b8%88%e7%a7%b0%ef%bc%8c%e9%9a%8f%e7%9d%80%e7%be%8e%e4%bc%8a%e7%b4%a7%e5%bc%a0%e5%b1%80%e5%8a%bf%e7%bc%93%e5%92%8c%e3%80%81%e6%b2%b9%e4%bb%b7%e4%b8%8b%e8%b7%8c%ef%bc%8c\/","title":{"rendered":"ING\u5206\u6790\u5e08\u79f0\uff0c\u968f\u7740\u7f8e\u4f0a\u7d27\u5f20\u5c40\u52bf\u7f13\u548c\u3001\u6cb9\u4ef7\u4e0b\u8dcc\uff0c\u7f8e\u5143\u53cd\u5f39\u7a7a\u95f4\u6709\u9650"},"content":{"rendered":"

\u7f8e\u5143\u53cd\u5f39\u529b\u5ea6\u8f6c\u5f31\uff0c\u5e02\u573a\u6b63\u5728\u8ba1\u5165\u7f8e\u56fd\u4e0e\u4f0a\u6717\u7d27\u5f20\u5c40\u52bf\u964d\u6e29\u3001\u4ee5\u53ca\u6cb9\u4ef7\u4e0b\u8dcc\u3002\u7f8e\u56fd\u4e0e\u4f0a\u6717\u5728\u4f0a\u65af\u5170\u5821\u7684\u8c08\u5224\u7834\u88c2\u53ea\u77ed\u6682\u5e26\u6765\u652f\u6491\uff1b\u968f\u540e\u968f\u7740\u6cb9\u4ef7\u8d70\u4f4e\uff0c\u7f8e\u5143\u4e5f\u56de\u843d\u3002<\/p>\n

\u5e02\u573a\u4f3c\u4e4e\u8ba4\u4e3a\uff0c\u5373\u4f7f\u4f0a\u6717\u5c01\u9501\u970d\u5c14\u6728\u5179\u6d77\u5ce1\uff08Strait of Hormuz\uff0c\u5168\u7403\u91cd\u8981\u77f3\u6cb9\u8fd0\u8f93\u822a\u9053\uff09\uff0c\u9ad8\u6602\u7684\u201c\u5356\u4e0d\u51fa\u6cb9\u201d\u7684\u4ee3\u4ef7\u4e5f\u53ef\u80fd\u8feb\u4f7f\u4f0a\u6717\u91cd\u8fd4\u8c08\u5224\u3002\u7531\u4e8e\u5e02\u573a\u5df2\u5148\u628a\u4e50\u89c2\u60c5\u7eea\u201c\u4e70\u8fdb\u53bb\u201d\uff08priced in\uff0c\u6307\u4ef7\u683c\u5df2\u63d0\u524d\u53cd\u6620\u9884\u671f\uff09\uff0c\u82e5\u8981\u8ba9\u7f8e\u5143\u518d\u6b21\u6301\u7eed\u8d70\u5f3a\uff0c\u53ef\u80fd\u9700\u8981\u66f4\u660e\u663e\u7684\u7d27\u5f20\u5c40\u52bf\u518d\u5ea6\u5347\u7ea7\uff08re-escalation\uff0c\u6307\u51b2\u7a81\u91cd\u65b0\u5347\u6e29\uff09\u3002<\/p>\n

Market Focus Shifts To China<\/h3>\n

\u5e02\u573a\u4ecd\u5173\u6ce8\u5317\u4eac\u53ef\u80fd\u7684\u53cd\u5e94\uff0c\u56e0\u4e3a\u4e00\u65e6\u4f0a\u6717\u77f3\u6cb9\u51fa\u53e3\u88ab\u963b\u65ad\uff0c\u5bf9\u4e2d\u56fd\uff08\u4e3b\u8981\u539f\u6cb9\u8fdb\u53e3\u56fd\uff09\u4f1a\u7279\u522b\u68d8\u624b\u3002\u82e5\u51fa\u73b0\u66f4\u6301\u4e45\u7684\u505c\u706b\uff08ceasefire\uff0c\u6307\u53cc\u65b9\u505c\u6b62\u519b\u4e8b\u884c\u52a8\uff09\uff0c\u7f8e\u5143\u6307\u6570\uff08US Dollar Index\uff0cDXY\uff1a\u8861\u91cf\u7f8e\u5143\u5151\u4e00\u7bee\u5b50\u4e3b\u8981\u8d27\u5e01\u5f3a\u5f31\u7684\u6307\u6570\uff09\u53ef\u80fd\u8dcc\u783498.0\uff0c\u56de\u5230\u6218\u524d\u6c34\u5e73\u9644\u8fd1\u3002<\/p>\n

\u5206\u6790\u4e5f\u6307\u51fa\uff0c\u5373\u4f7f\u80fd\u6e90\u4ef7\u683c\u7ef4\u6301\u5728\u8f83\u9ad8\u6c34\u5e73\uff0c\u5176\u4ed6\u592e\u884c\u7684\u7acb\u573a\u4e5f\u53ef\u80fd\u6bd4\u7f8e\u8054\u50a8\u66f4\u201c\u9e70\u6d3e\u201d\uff08hawkish\uff0c\u6307\u66f4\u503e\u5411\u52a0\u606f\u6216\u7ef4\u6301\u9ad8\u5229\u7387\u4ee5\u538b\u901a\u80c0\uff09\u3002\u8fd9\u4f1a\u8ba9\u7f8e\u5143\u76f8\u5bf9\u5176\u4ed6\u4e3b\u8981\u8d27\u5e01\u8d70\u5f31\u3002<\/p>\n

\u53bb\u5e74\uff0c\u6211\u4eec\u770b\u5230\u5e02\u573a\u5bf9\u7f8e\u4f0a\u53ef\u80fd\u505c\u706b\u7684\u4e50\u89c2\u9884\u671f\u660e\u663e\u538b\u4f4e\u7f8e\u5143\u3002\u968f\u7740\u5e02\u573a\u57282025\u5e74\u672b\u9884\u671f\u8fbe\u6210\u534f\u8bae\u3001\u6cb9\u4ef7\u8d70\u8dcc\uff0cDXY\u786e\u5b9e\u8dcc\u783498.0\uff0c\u6700\u4f4e\u7ea6\u523097.8\u3002\u90a3\u6bb5\u65f6\u95f4\u8bf4\u660e\uff1a\u53ea\u8981\u6d77\u6e7e\u5c40\u52bf\u964d\u6e29\uff08de-escalation\uff0c\u6307\u51b2\u7a81\u7f13\u548c\uff09\uff0c\u7f8e\u5143\u5c31\u4f1a\u975e\u5e38\u654f\u611f\u5730\u56de\u843d\u3002<\/p>\n

\u76ee\u524dDXY\u56de\u5230101.5\uff0c\u60c5\u51b5\u663e\u7136\u4e0d\u540c\u3002\u8106\u5f31\u7684\u505c\u706b\u6b63\u5728\u53d7\u8003\u9a8c\uff1a\u970d\u5c14\u6728\u5179\u6d77\u5ce1\u7684\u6d77\u519b\u6f14\u4e60\u518d\u8d77\uff0c\u63a8\u52a8WTI\u539f\u6cb9\uff08WTI crude\uff0c\u7f8e\u56fd\u897f\u5fb7\u5dde\u4e2d\u8d28\u539f\u6cb9\u57fa\u51c6\uff09\u56de\u5347\u5230\u6bcf\u687688\u7f8e\u5143\u3002VIX\u6307\u6570\uff08\u8861\u91cf\u5e02\u573a\u6050\u614c\u7684\u6307\u6807\uff0c\u5e38\u88ab\u79f0\u4e3a\u201c\u6050\u614c\u6307\u6570\u201d\uff09\u4e5f\u4ece\u505c\u706b\u540e\u4f4e\u70b913\u56de\u5347\u81f3\u7ea618\uff0c\u53cd\u6620\u4ea4\u6613\u5458\u7d27\u5f20\u60c5\u7eea\u4e0a\u5347\u3002<\/p>\n

Options And Volatility Positioning<\/h3>\n

\u5728\u8fd9\u79cd\u80cc\u666f\u4e0b\uff0c\u4e70\u5165\u77ed\u671fDXY\u770b\u6da8\u671f\u6743\uff08call option\uff1a\u5728\u5230\u671f\u524d\u4ee5\u7ea6\u5b9a\u4ef7\u683c\u4e70\u5165\u6807\u7684\u7684\u6743\u5229\uff09\u662f\u8f83\u7a33\u59a5\u7684\u7b56\u7565\u3002\u4f8b\u5982\u4e70\u51655\u6708\u5230\u671f\u3001\u884c\u6743\u4ef7102.50\u7684\u770b\u6da8\u671f\u6743\uff08May 102.50 calls\uff1a\u5230\u671f\u6708\u4efd\u4e0e\u884c\u6743\u4ef7\uff09\u3002\u8fd9\u7c7b\u8f83\u4f4e\u6210\u672c\u4ed3\u4f4d\u4e00\u65e6\u7d27\u5f20\u5c40\u52bf\u518d\u8d77\uff0c\u53ef\u80fd\u5e26\u6765\u53ef\u89c2\u4e0a\u884c\u7a7a\u95f4\uff0c\u7c7b\u4f3c2025\u5e74\u540c\u7c7b\u4e8b\u4ef6\u4e2d\u7f8e\u5143\u5feb\u901f\u62c9\u5347\u7684\u8868\u73b0\u3002\u5b83\u8ba9\u6295\u8d44\u8005\u53c2\u4e0e\u53ef\u80fd\u51fa\u73b0\u7684\u907f\u9669\u8d44\u91d1\u6d41\u5165\uff08safe-haven rush\uff1a\u8d44\u91d1\u6d8c\u5411\u88ab\u89c6\u4e3a\u66f4\u5b89\u5168\u7684\u8d44\u4ea7\uff09\uff0c\u540c\u65f6\u4e0d\u5fc5\u6295\u5165\u592a\u591a\u672c\u91d1\u3002<\/p>\n

\u4e0d\u8fc7\uff0c\u4ece\u4e2d\u957f\u671f\u770b\uff0c\u201c\u592e\u884c\u653f\u7b56\u5206\u5316\u201d\uff08central bank divergence\uff1a\u4e0d\u540c\u592e\u884c\u5728\u52a0\u606f\/\u964d\u606f\u8def\u5f84\u4e0a\u7684\u5dee\u5f02\uff09\u4ecd\u4f1a\u9650\u5236\u7f8e\u5143\u5438\u5f15\u529b\u3002\u7f8e\u8054\u50a8\u5df2\u6697\u793a\u6682\u505c\uff08pause\uff1a\u6682\u4e0d\u7ee7\u7eed\u52a0\u606f\u6216\u5148\u89c2\u671b\uff09\uff0c\u800c\u6b27\u6d32\u592e\u884c\u4ecd\u504f\u9e70\u6d3e\uff0c\u8fd9\u901a\u5e38\u6709\u5229\u4e8e\u6b27\u5143\u3002\u57fa\u4e8e\u6b64\uff0c\u5356\u51fa\u6df1\u5ea6\u4ef7\u5916\uff08out-of-the-money\uff1a\u884c\u6743\u4ef7\u79bb\u73b0\u4ef7\u8f83\u8fdc\u3001\u76ee\u524d\u4e0d\u592a\u53ef\u80fd\u8d5a\u94b1\uff09\u7684DXY\u770b\u8dcc\u671f\u6743\uff08put option\uff1a\u5728\u5230\u671f\u524d\u4ee5\u7ea6\u5b9a\u4ef7\u683c\u5356\u51fa\u6807\u7684\u7684\u6743\u5229\uff09\uff0c\u5982\u884c\u6743\u4ef7\u7ea699.00\uff0c\u6709\u673a\u4f1a\u8d5a\u53d6\u6743\u5229\u91d1\uff08premium\uff1a\u671f\u6743\u4e70\u65b9\u652f\u4ed8\u7ed9\u5356\u65b9\u7684\u4ef7\u683c\uff09\uff0c\u62bc\u6ce8\u8d27\u5e01\u653f\u7b56\u4f1a\u963b\u6b62\u7f8e\u5143\u5927\u5e45\u4e0b\u8dcc\u3002<\/p>\n

\u8fd9\u79cd\u653f\u7b56\u5dee\u5f02\u4e5f\u8ba9\u505a\u591aEUR\/USD\u770b\u6da8\u4ef7\u5dee\uff08long EUR\/USD call spread\uff1a\u4e70\u5165\u8f83\u4f4e\u884c\u6743\u4ef7\u770b\u6da8\u671f\u6743\u3001\u540c\u65f6\u5356\u51fa\u8f83\u9ad8\u884c\u6743\u4ef7\u770b\u6da8\u671f\u6743\uff0c\u4ee5\u964d\u4f4e\u6210\u672c\u5e76\u9650\u5b9a\u6700\u5927\u4e8f\u635f\uff09\u66f4\u5177\u5438\u5f15\u529b\u3002\u8fd9\u662f\u4e00\u79cd\u201c\u98ce\u9669\u53ef\u63a7\u201d\uff08defined-risk\uff1a\u6700\u5927\u4e8f\u635f\u4e8b\u5148\u53ef\u77e5\uff09\u7684\u5e03\u5c40\u65b9\u5f0f\uff0c\u62bc\u6ce8\u5e02\u573a\u56de\u5230\u7531\u5229\u7387\u5dee\uff08interest rate differentials\uff1a\u4e24\u56fd\u5229\u7387\u9ad8\u4f4e\u5dee\uff09\u800c\u4e0d\u662f\u5730\u7f18\u653f\u6cbb\u6765\u4e3b\u5bfc\u6c47\u5e02\u3002\u5982\u679c\u5f53\u524d\u7d27\u5f20\u53ea\u662f\u59ff\u6001\uff08posturing\uff1a\u793a\u5f3a\u4f46\u672a\u5fc5\u5347\u7ea7\uff09\uff0c\u5e02\u573a\u7126\u70b9\u4f1a\u5f88\u5feb\u56de\u5230\u7f8e\u8054\u50a8\u504f\u201c\u9e3d\u6d3e\u201d\uff08dovish\uff1a\u66f4\u503e\u5411\u964d\u606f\u6216\u5bbd\u677e\uff09\u7684\u7acb\u573a\uff0c\u4ece\u800c\u5229\u597d\u6b27\u5143\u3002<\/p>\n

\u4ea4\u6613\u5458\u4e5f\u53ef\u628a\u201c\u6ce2\u52a8\u7387\u201d\uff08volatility\uff1a\u4ef7\u683c\u4e0a\u4e0b\u6ce2\u52a8\u7684\u5e45\u5ea6\uff09\u5f53\u4f5c\u4e00\u79cd\u8d44\u4ea7\u6765\u914d\u7f6e\u3002\u8003\u8651\u5230\u5c40\u52bf\u53ef\u80fd\u7a81\u7136\u5347\u7ea7\uff0c\u4e70\u5165VIX\u671f\u8d27\uff08VIX futures\uff1a\u4ee5VIX\u4e3a\u6807\u7684\u7684\u671f\u8d27\u5408\u7ea6\uff09\u6216VIX\u770b\u6da8\u671f\u6743\uff0c\u53ef\u76f4\u63a5\u5bf9\u51b2\u5168\u5e02\u573a\u201c\u98ce\u9669\u504f\u597d\u4e0b\u964d\u201d\uff08risk-off\uff1a\u8d44\u91d1\u64a4\u79bb\u98ce\u9669\u8d44\u4ea7\u3001\u8f6c\u5411\u4fdd\u5b88\u8d44\u4ea7\uff09\u7684\u51b2\u51fb\u3002\u76f8\u6bd4\u53ea\u9760\u6c47\u7387\u8d70\u52bf\uff0c\u8fd9\u79cd\u505a\u6cd5\u66f4\u76f4\u63a5\u3001\u66f4\u80fd\u4fdd\u62a4\u6295\u8d44\u7ec4\u5408\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"

\u7f8e\u5143\u53cd\u5f39\u4e4f\u529b\uff0c\u5e02\u573a\u62bc\u6ce8\u7f8e\u4f0a\u964d\u6e29\u3001\u6cb9\u4ef7\u56de\u843d\uff1b\u82e5\u505c\u706b\u5ef6\u7eed\uff0cDXY\u6216\u518d\u783498\u3002\u5730\u7f18\u98ce\u9669\u672a\u5b8c\uff1f\u77ed\u671f\u53ef\u5e03\u5c40DXY\u770b\u6da8\u4e0eVIX\u5bf9\u51b2\uff0c\u957f\u671f\u8b66\u60d5\u592e\u884c\u5206\u5316\u5229\u7a7a\u7f8e\u5143\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-44616","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\/44616","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=44616"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarketsmy.com\/cn\/wp-json\/wp\/v2\/posts\/44616\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarketsmy.com\/cn\/wp-json\/wp\/v2\/media?parent=44616"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarketsmy.com\/cn\/wp-json\/wp\/v2\/categories?post=44616"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarketsmy.com\/cn\/wp-json\/wp\/v2\/tags?post=44616"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}