{"id":44927,"date":"2026-04-17T09:25:25","date_gmt":"2026-04-17T09:25:25","guid":{"rendered":"https:\/\/www.vtmarketsmy.com\/cn\/uncategorized\/%e8%8b%b1%e9%95%91-%e7%be%8e%e5%85%83%e4%ba%9a%e6%b4%b2%e6%97%b6%e6%ae%b5%e5%9b%9e%e8%90%bd%e8%87%b31-3520%ef%bc%8c%e8%8b%b1%e5%9b%bd%e5%a4%ae%e8%a1%8c%e5%8a%a0%e6%81%af%e9%a2%84%e6%9c%9f%e9%99%8d\/"},"modified":"2026-04-17T09:25:25","modified_gmt":"2026-04-17T09:25:25","slug":"%e8%8b%b1%e9%95%91-%e7%be%8e%e5%85%83%e4%ba%9a%e6%b4%b2%e6%97%b6%e6%ae%b5%e5%9b%9e%e8%90%bd%e8%87%b31-3520%ef%bc%8c%e8%8b%b1%e5%9b%bd%e5%a4%ae%e8%a1%8c%e5%8a%a0%e6%81%af%e9%a2%84%e6%9c%9f%e9%99%8d","status":"publish","type":"post","link":"https:\/\/www.vtmarketsmy.com\/cn\/live-updates\/%e8%8b%b1%e9%95%91-%e7%be%8e%e5%85%83%e4%ba%9a%e6%b4%b2%e6%97%b6%e6%ae%b5%e5%9b%9e%e8%90%bd%e8%87%b31-3520%ef%bc%8c%e8%8b%b1%e5%9b%bd%e5%a4%ae%e8%a1%8c%e5%8a%a0%e6%81%af%e9%a2%84%e6%9c%9f%e9%99%8d\/","title":{"rendered":"\u82f1\u9551\/\u7f8e\u5143\u4e9a\u6d32\u65f6\u6bb5\u56de\u843d\u81f31.3520\uff0c\u82f1\u56fd\u592e\u884c\u52a0\u606f\u9884\u671f\u964d\u6e29\u53ca\u4e2d\u4e1c\u7d27\u5f20\u5c40\u52bf\u7f13\u548c\u65bd\u538b"},"content":{"rendered":"

\u82f1\u9551\/\u7f8e\u5143\uff08GBP\/USD\uff09\u8fde\u7eed\u7b2c\u4e09\u5929\u4e0b\u8dcc\uff0c\u5468\u4e94\u4e9a\u6d32\u65f6\u6bb5\u57281.3520\u9644\u8fd1\u4ea4\u6613\u3002\u82f1\u9551\u8d70\u5f31\uff0c\u4e3b\u8981\u56e0\u4e3a\u5e02\u573a\u964d\u4f4e\u4e86\u5bf9\u82f1\u56fd\u592e\u884c\uff08BoE\uff0c\u82f1\u56fd\u7684\u4e2d\u592e\u94f6\u884c\uff09\u52a0\u606f\uff08\u63d0\u9ad8\u5229\u7387\uff09\u7684\u9884\u671f\uff0c\u540c\u65f6\u4e5f\u62bc\u6ce8\u4e2d\u4e1c\u7d27\u5f20\u5c40\u52bf\u53ef\u80fd\u7f13\u548c\u3002<\/p>\n

\u82f1\u56fd\u592e\u884c\u603b\u88c1\u5b89\u5fb7\u9c81\u00b7\u8d1d\u5229\uff08Andrew Bailey\uff09\u8868\u793a\uff0c\u592e\u884c\u201c\u4e0d\u4f1a\u6025\u7740\u4e0b\u7ed3\u8bba\u201d\u662f\u5426\u52a0\u606f\u3002\u4ed6\u8bf4\uff0c\u6cb9\u6c14\u4ef7\u683c\u8d70\u9ad8\u4f1a\u63a8\u9ad8\u901a\u80c0\uff08\u6574\u4f53\u7269\u4ef7\u4e0a\u6da8\uff09\uff0c\u4f46\u5229\u7387\u51b3\u5b9a\u201c\u975e\u5e38\u3001\u975e\u5e38\u56f0\u96be\u201d\u3002<\/p>\n

BoE Expectations Shift<\/h3>\n

\u5468\u56db\uff0c\u82f1\u9551\/\u7f8e\u5143\u4e0b\u8dcc\u7ea60.25%\uff0c\u6536\u57281.3525\u9644\u8fd1\uff0c\u5e76\u518d\u6b21\u8dcc\u56de1.3550\u4e0b\u65b9\uff0c\u56de\u5410\u4e86\u5468\u4e09\u54111.3600\u53cd\u5f39\u7684\u6da8\u5e45\u3002<\/p>\n

\u82f1\u56fd\u6570\u636e\u8868\u73b0\u4e0d\u4e00\uff1a2\u6708\u56fd\u5185\u751f\u4ea7\u603b\u503c\uff08GDP\uff0c\u8861\u91cf\u7ecf\u6d4e\u603b\u4f53\u4ea7\u51fa\u7684\u6307\u6807\uff09\u6309\u6708\u589e\u957f0.5%\uff0c\u9ad8\u4e8e\u9884\u671f\u76840.1%\uff1b\u670d\u52a1\u4e1a\u6307\u6570\uff08\u53cd\u6620\u670d\u52a1\u4e1a\u4ea7\u51fa\u53d8\u5316\uff09\u6309\u6708\u589e\u957f0.5%\uff0c\u9ad8\u4e8e\u9884\u671f\u76840.3%\u3002\u4e0d\u8fc7\uff0c\u5236\u9020\u4e1a\u4ea7\u51fa\uff08Manufacturing Production\uff0c\u5236\u9020\u4e1a\u5b9e\u9645\u4ea7\u91cf\uff09\u6309\u6708\u4e0b\u6ed10.1%\uff0c\u6309\u5e74\u4e0b\u6ed10.5%\uff1b\u5de5\u4e1a\u4ea7\u51fa\uff08Industrial Production\uff0c\u5305\u542b\u5236\u9020\u3001\u91c7\u77ff\u4e0e\u516c\u7528\u4e8b\u4e1a\u7b49\u7684\u603b\u4f53\u5de5\u4e1a\u4ea7\u91cf\uff09\u6309\u5e74\u4e3a-0.4%\uff0c\u597d\u4e8e\u9884\u671f\u7684-0.9%\u3002<\/p>\n

\u53d7\u7f8e\u56fd\u6570\u636e\u8f83\u5f3a\u5f71\u54cd\uff0c\u8be5\u8d27\u5e01\u5bf9\u4e5f\u4e0b\u6ed10.17%\uff0c\u5728\u89e6\u53ca\u4e24\u4e2a\u6708\u9ad8\u4f4d1.3594\u540e\uff0c\u56de\u843d\u81f31.3534\u9644\u8fd1\u3002\u7f8e\u56fd\u521d\u8bf7\u5931\u4e1a\u91d1\u4eba\u6570\uff08Initial Jobless Claims\uff0c\u6bcf\u5468\u9996\u6b21\u7533\u8bf7\u5931\u4e1a\u6551\u6d4e\u7684\u4eba\u6570\uff0c\u7528\u6765\u89c2\u5bdf\u5c31\u4e1a\u5e02\u573a\u51b7\u70ed\uff09\u4ece218K\u964d\u81f3207K\uff0c\u4f18\u4e8e\u9884\u671f\u7684215K\uff1b\u4f46\u7f8e\u56fd\u5de5\u4e1a\u4ea7\u51fa\uff08Industrial Production\uff09\u57283\u6708\u6309\u6708\u4ece0.7%\u8f6c\u4e3a-0.5%\u3002<\/p>\n

\u76ee\u524d\u82f1\u9551\/\u7f8e\u5143\u7684\u8d70\u52bf\u4e0e2025\u5e74\u521d\u7c7b\u4f3c\uff1a\u968f\u7740\u82f1\u56fd\u592e\u884c\u52a0\u606f\u9884\u671f\u51cf\u5f31\uff0c\u6c47\u4ef7\u518d\u6b21\u627f\u538b\u3002\u5728\u8fd9\u79cd\u73af\u5883\u4e0b\uff0c\u82f1\u9551\u53cd\u5f39\u65f6\u9022\u9ad8\u5356\u51fa\u53ef\u80fd\u662f\u66f4\u5408\u9002\u7684\u7b56\u7565\u3002<\/p>\n

Policy Divergence Deepens<\/h3>\n

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\u548c2025\u5e74\u7c7b\u4f3c\uff0c\u82f1\u56fd\u5236\u9020\u4e1a\u7ee7\u7eed\u504f\u5f31\u3002\u6807\u666e\u5168\u7403\/CIPS\u82f1\u56fd\u5236\u9020\u4e1aPMI\uff08\u91c7\u8d2d\u7ecf\u7406\u6307\u6570\uff0c\u7528\u6765\u8861\u91cf\u5236\u9020\u4e1a\u666f\u6c14\uff1b50\u4ee5\u4e0a\u4ee3\u8868\u6269\u5f20\uff0c50\u4ee5\u4e0b\u4ee3\u8868\u6536\u7f29\uff09\u57282026\u5e743\u6708\u62a548.9\uff0c\u5c5e\u4e8e\u6536\u7f29\u533a\u95f4\u3002\u5de5\u4e1a\u7aef\u6301\u7eed\u75b2\u8f6f\u62b5\u6d88\u4e86\u670d\u52a1\u4e1a\u7684\u652f\u6491\uff0c\u4ee4\u82f1\u9551\u7f3a\u4e4f\u660e\u786e\u7684\u7ecf\u6d4e\u63a8\u52a8\u56e0\u7d20\uff0c\u5f62\u6210\u957f\u671f\u538b\u529b\u3002<\/p>\n

\u53e6\u4e00\u65b9\u9762\uff0c\u7f8e\u56fd\u7ecf\u6d4e\u76f8\u5bf9\u66f4\u5f3a\uff0c\u5bfc\u81f4\u653f\u7b56\u5206\u5316\uff08\u4e24\u56fd\u592e\u884c\u7684\u5229\u7387\u65b9\u5411\u4e0d\u4e00\u81f4\uff09\u3002\u7f8e\u56fd2026\u5e743\u6708\u975e\u519c\u5c31\u4e1a\u62a5\u544a\uff08Non-Farm Payrolls\uff0c\u7b80\u79f0NFP\uff1b\u8861\u91cf\u7f8e\u56fd\u65b0\u589e\u5c31\u4e1a\u7684\u5173\u952e\u6570\u636e\uff09\u65b0\u589e25\u4e07\u4e2a\u5c97\u4f4d\uff0c\u660e\u663e\u9ad8\u4e8e\u9884\u671f\uff0c\u4e5f\u5f3a\u5316\u4e86\u7f8e\u5143\u76f8\u5bf9\u82f1\u9551\u7684\u4f18\u52bf\u3002<\/p>\n

\u5728\u8fd9\u79cd\u60c5\u51b5\u4e0b\uff0c\u884d\u751f\u54c1\u4ea4\u6613\u8005\uff08\u4f7f\u7528\u671f\u6743\u3001\u6389\u671f\u7b49\u91d1\u878d\u5de5\u5177\u7684\u4ea4\u6613\u8005\uff09\u53ef\u8003\u8651\u5e03\u5c40\u66f4\u6709\u5229\u4e8e\u82f1\u9551\/\u7f8e\u5143\u4e0b\u884c\u6216\u533a\u95f4\u9707\u8361\u7684\u7b56\u7565\u3002\u4f8b\u5982\u4e70\u5165\u82f1\u9551\/\u7f8e\u5143\u770b\u8dcc\u671f\u6743\uff08put option\uff0c\u4ef7\u683c\u4e0b\u8dcc\u65f6\u83b7\u5229\u7684\u671f\u6743\uff09\u5e76\u9009\u62e9\u672a\u67651\u81f33\u4e2a\u6708\u5230\u671f\uff0c\u53ef\u4ee5\u5728\u63a7\u5236\u6700\u5927\u4e8f\u635f\u7684\u540c\u65f6\u628a\u63e1\u4e0b\u8dcc\u673a\u4f1a\uff1b\u4e5f\u53ef\u4f7f\u7528\u770b\u8dcc\u4ef7\u5dee\uff08bearish put spread\uff1a\u4e70\u5165\u8f83\u9ad8\u6267\u884c\u4ef7\u7684\u770b\u8dcc\u671f\u6743\uff0c\u540c\u65f6\u5356\u51fa\u8f83\u4f4e\u6267\u884c\u4ef7\u7684\u770b\u8dcc\u671f\u6743\uff0c\u4ee5\u964d\u4f4e\u671f\u6743\u8d39\uff0c\u4f46\u4e5f\u9650\u5236\u6700\u5927\u6536\u76ca\uff09\u6765\u51cf\u5c11\u524d\u671f\u6210\u672c\u3002<\/p>\n

\u82f1\u56fd\u4ea7\u4e1a\u504f\u5f31\u3001\u7f8e\u56fd\u5c31\u4e1a\u504f\u5f3a\u7684\u7ec4\u5408\uff0c\u610f\u5473\u7740\u6ce2\u52a8\u7387\uff08\u4ef7\u683c\u8d77\u4f0f\u5e45\u5ea6\uff09\u53ef\u80fd\u88ab\u4f4e\u4f30\u3002\u56de\u770b2025\u5e74\u51b2\u9ad8\u81f31.3600\u540e\u5feb\u901f\u56de\u843d\u7684\u8d70\u52bf\uff0c\u8bf4\u660e\u77ed\u671f\u6025\u6da8\u6025\u8dcc\u5e76\u4e0d\u7f55\u89c1\u3002\u4ea4\u6613\u8005\u4e5f\u53ef\u8003\u8651\u901a\u8fc7\u8de8\u5f0f\u7b56\u7565\uff08straddle\uff1a\u540c\u65f6\u4e70\u5165\u540c\u4e00\u5230\u671f\u65e5\u3001\u540c\u4e00\u6267\u884c\u4ef7\u7684\u770b\u6da8\u4e0e\u770b\u8dcc\u671f\u6743\uff0c\u7528\u6765\u62bc\u6ce8\u201c\u4f1a\u5927\u5e45\u6ce2\u52a8\u201d\uff0c\u4f46\u4e0d\u62bc\u65b9\u5411\uff09\u6765\u4e70\u5165\u6ce2\u52a8\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"

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