{"id":2629,"date":"2022-12-15T10:53:02","date_gmt":"2022-12-15T10:53:02","guid":{"rendered":"https:\/\/theliquidity.com\/Landing\/?page_id=2629"},"modified":"2022-12-22T13:12:24","modified_gmt":"2022-12-22T13:12:24","slug":"what-is-fundamental-analysis","status":"publish","type":"page","link":"https:\/\/edu.theliquidity.com\/ch\/liquidity-education\/what-is-fundamental-analysis\/","title":{"rendered":"Chapter 5: What is Fundamental Analysis?"},"content":{"rendered":"<div data-elementor-type=\"wp-page\" data-elementor-id=\"2629\" class=\"elementor elementor-2629\">\n\t\t\t\t\t\t<section class=\"has_eae_slider elementor-section elementor-top-section elementor-element elementor-element-2597ebb elementor-section-boxed elementor-section-height-default elementor-section-height-default exad-glass-effect-no wpr-particle-no wpr-jarallax-no wpr-parallax-no wpr-sticky-section-no wpr-equal-height-no exad-sticky-section-no\" data-eae-slider=\"5174\" data-id=\"2597ebb\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"has_eae_slider elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-443511a exad-glass-effect-no exad-sticky-section-no\" data-eae-slider=\"23075\" data-id=\"443511a\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<section class=\"has_eae_slider elementor-section elementor-inner-section elementor-element elementor-element-7d81538 elementor-section-boxed elementor-section-height-default elementor-section-height-default exad-glass-effect-no wpr-particle-no wpr-jarallax-no wpr-parallax-no wpr-sticky-section-no wpr-equal-height-no exad-sticky-section-no\" data-eae-slider=\"94452\" data-id=\"7d81538\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"has_eae_slider elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-8036d52 exad-glass-effect-no exad-sticky-section-no elementor-invisible\" data-eae-slider=\"8780\" data-id=\"8036d52\" data-element_type=\"column\" data-e-type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;,&quot;animation&quot;:&quot;fadeInLeft&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-632706f exad-sticky-section-no exad-glass-effect-no elementor-widget elementor-widget-heading\" data-id=\"632706f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">\u7b2c 5 \u7ae0\n<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-559216bc exad-sticky-section-no exad-glass-effect-no elementor-widget elementor-widget-heading\" data-id=\"559216bc\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">\u4ec0\u4e48\u662f\u57fa\u672c\u9762<br>\u5206\u6790\uff1f\n<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"has_eae_slider elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-a8d30c4 exad-glass-effect-no exad-sticky-section-no\" data-eae-slider=\"7636\" data-id=\"a8d30c4\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"has_eae_slider elementor-section elementor-top-section elementor-element elementor-element-502e93d elementor-section-boxed elementor-section-height-default elementor-section-height-default exad-glass-effect-no wpr-particle-no wpr-jarallax-no wpr-parallax-no wpr-sticky-section-no wpr-equal-height-no exad-sticky-section-no\" data-eae-slider=\"34370\" data-id=\"502e93d\" data-element_type=\"section\" data-e-type=\"section\" id=\"event_details_section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"has_eae_slider elementor-column elementor-col-33 elementor-top-column elementor-element elementor-element-606d46c0 exad-glass-effect-no exad-sticky-section-no elementor-invisible\" data-eae-slider=\"91793\" data-id=\"606d46c0\" data-element_type=\"column\" data-e-type=\"column\" data-settings=\"{&quot;animation&quot;:&quot;fadeInLeft&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-668a528 exad-sticky-section-no exad-glass-effect-no elementor-widget elementor-widget-button\" data-id=\"668a528\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/edu.theliquidity.com\/ch\/\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t<span class=\"elementor-button-icon\">\n\t\t\t\t<i aria-hidden=\"true\" class=\"icon icon-left-arrow\"><\/i>\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">\u56de\u5230\u6d41\u52a8\u6027\u6559\u80b2<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<section class=\"has_eae_slider elementor-section elementor-inner-section elementor-element elementor-element-4ec65f31 elementor-section-boxed elementor-section-height-default elementor-section-height-default exad-glass-effect-no wpr-particle-no wpr-jarallax-no wpr-parallax-no wpr-equal-height-no exad-sticky-section-no\" data-eae-slider=\"86490\" data-id=\"4ec65f31\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-no\">\n\t\t\t\t\t<div class=\"has_eae_slider elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-59ce5c58 exad-glass-effect-no exad-sticky-section-no\" data-eae-slider=\"66550\" data-id=\"59ce5c58\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-9403f01 wpr-page-list-vertical wpr-pl-badge-center wpr-pl-icon-center exad-sticky-section-no exad-glass-effect-no elementor-widget elementor-widget-wpr-page-list\" data-id=\"9403f01\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"wpr-page-list.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"wpr-page-list-wrap\"><ul class=\"wpr-page-list\"><li class=\"wpr-page-list-item elementor-repeater-item-f929385 wpr-pointer-none wpr-pointer-line-fx wpr-pointer-fx-fade\"><div><a  href=\"https:\/\/edu.theliquidity.com\/ch\/liquidity-education\/forex-101\/\" target=\"_blank\" rel=\"nofollow\" class=\"wpr-no-pointer wpr-pl-title\">1.\u5916\u6c47101<\/a><\/div><\/li><li class=\"wpr-page-list-item elementor-repeater-item-eaa42be wpr-pointer-none wpr-pointer-line-fx wpr-pointer-fx-fade\"><div><a  href=\"https:\/\/edu.theliquidity.com\/ch\/liquidity-education\/trading-platform-and-basic-terms\/\" target=\"_blank\" rel=\"nofollow\" class=\"wpr-no-pointer wpr-pl-title\">2. \u4ea4\u6613\u5e73\u53f0\u53ca...<\/a><\/div><\/li><li class=\"wpr-page-list-item elementor-repeater-item-749986b wpr-pointer-none wpr-pointer-line-fx wpr-pointer-fx-fade\"><div><a  href=\"https:\/\/edu.theliquidity.com\/ch\/liquidity-education\/methods-of-making-trading-decisions\/\" target=\"_blank\" rel=\"nofollow\" class=\"wpr-no-pointer wpr-pl-title\">3.\u5236\u4f5c\u65b9\u6cd5...<\/a><\/div><\/li><li class=\"wpr-page-list-item elementor-repeater-item-e4124b7 wpr-pointer-none wpr-pointer-line-fx wpr-pointer-fx-fade\"><div><a  href=\"https:\/\/edu.theliquidity.com\/ch\/liquidity-education\/the-forex-market\/\" target=\"_blank\" rel=\"nofollow\" class=\"wpr-no-pointer wpr-pl-title\">4.\u5916\u6c47\u5e02\u573a<\/a><\/div><\/li><li class=\"wpr-page-list-item elementor-repeater-item-9935cc6 wpr-pointer-none wpr-pointer-line-fx wpr-pointer-fx-fade\"><div><a  href=\"#\" target=\"_blank\" rel=\"nofollow\" class=\"wpr-no-pointer wpr-pl-title\">5. \u4ec0\u4e48\u662f\u57fa\u672c\u9762...<\/a><\/div><\/li><\/ul><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c0bf9db wpr-page-list-vertical wpr-pl-badge-center wpr-pl-icon-center exad-sticky-section-no exad-glass-effect-no elementor-widget elementor-widget-wpr-page-list\" data-id=\"c0bf9db\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"wpr-page-list.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"wpr-page-list-wrap\"><ul class=\"wpr-page-list\"><li class=\"wpr-page-list-item elementor-repeater-item-880c160 wpr-pointer-none wpr-pointer-line-fx wpr-pointer-fx-fade\"><div><a  href=\"#1st\" target=\"_blank\" rel=\"nofollow\" class=\"wpr-no-pointer wpr-pl-title\">\u6c47\u7387<\/a><\/div><\/li><li class=\"wpr-page-list-item elementor-repeater-item-3aa54d1 wpr-pointer-none wpr-pointer-line-fx wpr-pointer-fx-fade\"><div><a  href=\"#2nd\" target=\"_blank\" rel=\"nofollow\" class=\"wpr-no-pointer wpr-pl-title\">\u628a\u57fa\u672c\u6570\u636e...<\/a><\/div><\/li><li class=\"wpr-page-list-item elementor-repeater-item-880343e wpr-pointer-none wpr-pointer-line-fx wpr-pointer-fx-fade\"><div><a  href=\"#3rd\" target=\"_blank\" rel=\"nofollow\" class=\"wpr-no-pointer wpr-pl-title\">\u5e02\u573a\u52a8\u6001\u6570\u636e<\/a><\/div><\/li><li class=\"wpr-page-list-item elementor-repeater-item-40e86ff wpr-pointer-none wpr-pointer-line-fx wpr-pointer-fx-fade\"><div><a  href=\"#4th\" target=\"_blank\" rel=\"nofollow\" class=\"wpr-no-pointer wpr-pl-title\">\u7f8e\u56fd\u7ecf\u6d4e\u6570\u636e<\/a><\/div><\/li><\/ul><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e85346f wpr-page-list-vertical wpr-pl-badge-center wpr-pl-icon-center exad-sticky-section-no exad-glass-effect-no elementor-widget elementor-widget-wpr-page-list\" data-id=\"e85346f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"wpr-page-list.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"wpr-page-list-wrap\"><ul class=\"wpr-page-list\"><li class=\"wpr-page-list-item elementor-repeater-item-ec4dcc1 wpr-pointer-none wpr-pointer-line-fx wpr-pointer-fx-fade\"><div><a  href=\"https:\/\/edu.theliquidity.com\/ch\/liquidity-education\/technical-analysis\/\" target=\"_blank\" rel=\"nofollow\" class=\"wpr-no-pointer wpr-pl-title\">6. \u6280\u672f\u5206\u6790<\/a><\/div><\/li><li class=\"wpr-page-list-item elementor-repeater-item-e3cf1d1 wpr-pointer-none wpr-pointer-line-fx wpr-pointer-fx-fade\"><div><a  href=\"https:\/\/edu.theliquidity.com\/ch\/liquidity-education\/improve-your-trading\/\" target=\"_blank\" rel=\"nofollow\" class=\"wpr-no-pointer wpr-pl-title\">7. \u5982\u4f55\u6539\u5584...<\/a><\/div><\/li><li class=\"wpr-page-list-item elementor-repeater-item-26512f4 wpr-pointer-none wpr-pointer-line-fx wpr-pointer-fx-fade\"><div><a  href=\"https:\/\/edu.theliquidity.com\/ch\/liquidity-education\/golden-rules-for-successful-trading\/\" target=\"_blank\" rel=\"nofollow\" class=\"wpr-no-pointer wpr-pl-title\">8. \u6210\u529f\u7684\u9ec4\u91d1\u6cd5\u5219<\/a><\/div><\/li><\/ul><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"has_eae_slider elementor-column elementor-col-66 elementor-top-column elementor-element elementor-element-32befda exad-glass-effect-no exad-sticky-section-no elementor-invisible\" data-eae-slider=\"99144\" data-id=\"32befda\" data-element_type=\"column\" data-e-type=\"column\" data-settings=\"{&quot;animation&quot;:&quot;fadeInRight&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<section class=\"has_eae_slider elementor-section elementor-inner-section elementor-element elementor-element-2fcc2ad5 elementor-section-boxed elementor-section-height-default elementor-section-height-default exad-glass-effect-no wpr-particle-no wpr-jarallax-no wpr-parallax-no wpr-sticky-section-no wpr-equal-height-no exad-sticky-section-no\" data-eae-slider=\"9578\" data-id=\"2fcc2ad5\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-no\">\n\t\t\t\t\t<div class=\"has_eae_slider elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-4c06c9af exad-glass-effect-no exad-sticky-section-no\" data-eae-slider=\"15767\" data-id=\"4c06c9af\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-5ed12d59 exad-sticky-section-no exad-glass-effect-no elementor-widget elementor-widget-image\" data-id=\"5ed12d59\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"3706\" height=\"1255\" src=\"https:\/\/edu.theliquidity.com\/wp-content\/uploads\/2022\/12\/Education-cahpter-5.png\" class=\"attachment-full size-full wp-image-2894\" alt=\"\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"has_eae_slider elementor-section elementor-inner-section elementor-element elementor-element-694f1549 elementor-section-boxed elementor-section-height-default elementor-section-height-default exad-glass-effect-no wpr-particle-no wpr-jarallax-no wpr-parallax-no wpr-sticky-section-no wpr-equal-height-no exad-sticky-section-no\" data-eae-slider=\"51467\" data-id=\"694f1549\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-no\">\n\t\t\t\t\t<div class=\"has_eae_slider elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-5599e30b exad-glass-effect-no exad-sticky-section-no\" data-eae-slider=\"75921\" data-id=\"5599e30b\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-2f2bd502 exad-sticky-section-no exad-glass-effect-no elementor-widget elementor-widget-text-editor\" data-id=\"2f2bd502\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>\u56db\u5927\u8d27\u5e01\u5bf9\u7ea6\u5360\u5916\u6c47\u5e02\u573a\u6240\u6709\u65e5\u6210\u4ea4\u91cf\u7684\u4e09\u5206\u4e4b\u4e8c\uff0c\u662f\u6700\u53d7\u5173\u6ce8\u7684\u6674\u96e8\u8868\u3002\u4e3b\u8981\u8d27\u5e01\u662f EURUSD\u3001USDJPY\u3001GBPUSD \u548c USDCHF\u3002\u5f53\u6211\u4eec\u8bf4\u7f8e\u5143\u5f3a\u5f31\u65f6\uff0c\u6211\u4eec\u6307\u7684\u662f\u5151\u8fd9\u56db\u79cd\u8d27\u5e01\u3002\u5982\u679cGBPUSD\u5f3a\uff0c\u5176\u4ed6\u4e09\u8005\u4e0d\u53d8\uff0c\u90a3\u4e48\u6211\u4eec\u53ef\u4ee5\u8bf4\u662fGBP\u5f3a\u3002\u6240\u6709\u8fd9\u4e9b\u8d27\u5e01\u90fd\u6709\u5404\u81ea\u7684\u9a71\u52a8\u56e0\u7d20\u6216\u57fa\u672c\u9762<br \/>.\u53ef\u80fd\u662f\u6d88\u606f\uff08\u57fa\u672c\u9762\uff09\u5bf9\u7f8e\u56fd\u6709\u5229\uff0c\u7f8e\u5143\u5151\u5176\u4ed6\u8d27\u5e01\u8d70\u9ad8\u3002\u5728\u8fd9\u79cd\u60c5\u51b5\u4e0b\uff0c\u7f8e\u5143\u8d70\u5f3a\u3002<\/p><p>\u57fa\u672c\u9762\u53ef\u4ee5\u662f\u65b0\u95fb\u3001\u7ecf\u6d4e\u6570\u636e\u3001\u5229\u7387\u53d8\u5316\u3001\u592e\u884c\u884c\u52a8\u548c\u8bb8\u591a\u5176\u4ed6\u56e0\u7d20\u3002\u4f46\u8bf4\u67d0\u4e2a\u7279\u5b9a\u4e8b\u5b9e\u4f1a\u5bf9\u4ef7\u683c\u4ea7\u751f\u53ef\u9884\u6d4b\u548c\u53ef\u8ba1\u7b97\u7684\u5f71\u54cd\u662f\u6c38\u8fdc\u4e0d\u6b63\u786e\u7684\u3002\u8fd9\u53d6\u51b3\u4e8e\u5e02\u573a\u5982\u4f55\u770b\u5f85\u65b0\u95fb\uff0c\u8fd9\u5c06\u51b3\u5b9a\u4ef7\u683c\u5982\u4f55\u5bf9\u6b64\u505a\u51fa\u53cd\u5e94\u3002\u7136\u800c\uff0c\u6211\u4eec\u53ef\u4ee5\u8bf4\uff0c\u7ba1\u7406\u826f\u597d\u3001\u57fa\u672c\u9762\u5f3a\u52b2\u7684\u8d27\u5e01\u5c06\u662f\u5f3a\u52b2\u4e14\u4ee4\u4eba\u5411\u5f80\u7684\u3002\u7ba1\u7406\u4e0d\u5584\u4e14\u57fa\u672c\u9762\u4e0d\u4f73\u7684\u7ecf\u6d4e\u4f53\u5c06\u53d7\u5230\u5176\u4ed6\u8d27\u5e01\u7684\u60e9\u7f5a\u3002<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"has_eae_slider elementor-section elementor-top-section elementor-element elementor-element-2584299 elementor-section-boxed elementor-section-height-default elementor-section-height-default exad-glass-effect-no wpr-particle-no wpr-jarallax-no wpr-parallax-no wpr-sticky-section-no wpr-equal-height-no exad-sticky-section-no\" data-eae-slider=\"60900\" data-id=\"2584299\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"has_eae_slider elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-f70d4c7 exad-glass-effect-no exad-sticky-section-no\" data-eae-slider=\"8151\" data-id=\"f70d4c7\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<section data-wpr-sticky-section=\"yes\" data-wpr-position-type=\"sticky\" data-wpr-position-offset=\"10\" data-wpr-position-location=\"top\" data-wpr-sticky-devices=\"desktop_sticky\" data-wpr-custom-breakpoints=\"\" data-wpr-active-breakpoints=\"mobile_sticky tablet_sticky desktop_sticky\" data-wpr-z-index=\"10\" data-wpr-sticky-hide=\"\" data-wpr-replace-header=\"\" data-wpr-animation-duration=\"\" data-wpr-sticky-type=\"sticky\" class=\"has_eae_slider elementor-section elementor-inner-section elementor-element elementor-element-b29d5ed wpr-sticky-section-yes elementor-section-boxed elementor-section-height-default elementor-section-height-default exad-glass-effect-no wpr-particle-no wpr-jarallax-no wpr-parallax-no wpr-equal-height-no exad-sticky-section-no\" data-eae-slider=\"8402\" data-id=\"b29d5ed\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;,&quot;position_offset&quot;:10,&quot;position_offset_tablet&quot;:0,&quot;position_offset_mobile&quot;:0}\">\n\t\t\t\t\t\t\t<div class=\"elementor-background-overlay\"><\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"has_eae_slider elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-0e13b38 exad-glass-effect-no exad-sticky-section-no\" data-eae-slider=\"43352\" data-id=\"0e13b38\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-6156f3b exad-sticky-section-no exad-glass-effect-no elementor-widget elementor-widget-image\" data-id=\"6156f3b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"1024\" height=\"682\" src=\"https:\/\/edu.theliquidity.com\/wp-content\/uploads\/2022\/12\/Slider-image2-1024x682.png\" class=\"attachment-large size-large wp-image-2874\" alt=\"\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-923279f elementor-icon-list--layout-traditional elementor-list-item-link-full_width exad-sticky-section-no exad-glass-effect-no elementor-widget elementor-widget-icon-list\" data-id=\"923279f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"icon-list.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<ul class=\"elementor-icon-list-items\">\n\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-check\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">\u514d\u8d39\u771f\u5b9e\u6216\u6a21\u62df\u8d26\u6237<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"jki jki-check-light\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">\u5c61\u83b7\u6b8a\u8363\u7684\u5ba2\u6237\u670d\u52a1<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"jki jki-check-light\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">4\/5 \u5916\u6c47\u548c\u5e73\u519b\u8bc4\u7ea7<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t<\/ul>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1881c7d elementor-align-center exad-sticky-section-no exad-glass-effect-no elementor-widget elementor-widget-button\" data-id=\"1881c7d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/direct.theliquidity.group\/auth\/register\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">\u767b\u8bb0<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"has_eae_slider elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-1dc91c0 exad-glass-effect-no exad-sticky-section-no\" data-eae-slider=\"57666\" data-id=\"1dc91c0\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<section class=\"has_eae_slider elementor-section elementor-inner-section elementor-element elementor-element-9a1f206 elementor-section-boxed elementor-section-height-default elementor-section-height-default exad-glass-effect-no wpr-particle-no wpr-jarallax-no wpr-parallax-no wpr-sticky-section-no wpr-equal-height-no exad-sticky-section-no\" data-eae-slider=\"60030\" data-id=\"9a1f206\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"has_eae_slider elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-3558172 exad-glass-effect-no exad-sticky-section-no\" data-eae-slider=\"3941\" data-id=\"3558172\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-80cb516 exad-sticky-section-no exad-glass-effect-no elementor-widget elementor-widget-text-editor\" data-id=\"80cb516\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>\u8bf7\u8bb0\u4f4f\uff0c\u5e02\u573a\u5bf9\u65b0\u95fb\u548c\u7ecf\u6d4e\u6570\u636e\u7684\u53cd\u5e94\u6ca1\u6709\u786c\u6027\u89c4\u5b9a\u3002\u5e02\u573a\u53ef\u80fd\u4f1a\u6536\u5230\u4e00\u4e9b\u5229\u597d\u6d88\u606f\uff0c\u4f46\u6d88\u606f\u516c\u5e03\u65f6\u8d27\u5e01\u53ef\u80fd\u4f1a\u4e0b\u8dcc\u3002\u8fd9\u662f\u53ef\u4ee5\u7684\uff0c\u56e0\u4e3a\u8fd9\u662f\u610f\u6599\u4e4b\u4e2d\u7684\uff0c\u5e02\u573a\u4e5f\u4e3a\u6b64\u505a\u597d\u4e86\u51c6\u5907\u3002\u6d88\u606f\u9884\u62a5\u662f\u597d\u6d88\u606f\uff0c\u6240\u4ee5\u4eba\u4eec\u5df2\u7ecf\u63d0\u524d\u8d2d\u4e70\u4e86\u3002\u6240\u4ee5\uff0c\u73b0\u5728\u5229\u597d\u6d88\u606f\u5df2\u7ecf\u653e\u51fa\uff0c\u6ca1\u6709\u5229\u597d\u6d88\u606f\u4e86\uff0c\u8fd8\u6709\u83b7\u5229\u4e86\u7ed3\uff0c\u53ef\u80fd\u4f1a\u4e0b\u8dcc\u3002\u8fd9\u4e2a\u6d88\u606f\u53ef\u80fd\u662f\u597d\u6d88\u606f\uff0c\u4f46\u4e0d\u5982\u9884\u671f\u7684\u90a3\u4e48\u597d\uff0c\u56e0\u6b64\u88ab\u89e3\u8bfb\u4e3a\u4ee4\u4eba\u5931\u671b\u7684\u597d\u6d88\u606f\u3002\u5e02\u573a\u53ef\u80fd\u4f1a\u4e0b\u8dcc\u3002\u4ea4\u6613\u5458\u8bf4\uff0c\u201c\u4e70\u5165\u8c23\u8a00\uff0c\u5356\u51fa\u4e8b\u5b9e\u201d\u3002<\/p><p>\u4e0d\u8981\u5fd8\u8bb0\u5927\u591a\u6570\u6d88\u606f\u90fd\u662f\u610f\u6599\u4e4b\u4e2d\u7684\u3002\u7ecf\u6d4e\u53d1\u5e03\u5728\u7279\u5b9a\u65e5\u671f\u548c\u7279\u5b9a\u65f6\u95f4\u53d1\u5e03\uff1b\u9009\u4e3e\u53d1\u751f\u5e76\u4e0d\u4ee4\u4eba\u610f\u5916\u3002\u5e02\u573a\u5bf9\u51e0\u4e4e\u6240\u6709\u5df2\u7ecf\u6d88\u5316\u7684\u6d88\u606f\u90fd\u6709\u9884\u671f\u3002\u56e0\u6b64\uff0c\u53ea\u6709\u5f53\u5b9e\u9645\u6d88\u606f\u504f\u79bb\u9884\u671f\u6d88\u606f\u65f6\uff0c\u5e02\u573a\u624d\u4f1a\u51fa\u73b0\u9707\u8361\u7684\u4ef7\u683c\u8d70\u52bf\u3002<\/p><p><strong>\u51b2\u51fb<\/strong><\/p><p>\u8fd8\u6709\u5176\u4ed6\u7c7b\u578b\u7684\u65b0\u95fb\u4e0d\u53ef\u9884\u6d4b\u4e14\u968f\u673a\u51fa\u73b0\uff1a\u603b\u7edf\u63a8\u6587\u3001\u6697\u6740\u3001\u6076\u52a3\u5929\u6c14\u3001\u6050\u6016\u4e3b\u4e49\u3001\u6b3a\u8bc8\u3001\u4e11\u95fb\u3002\u6b64\u7c7b\u6d88\u606f\u65e0\u6cd5\u9884\u6d4b\uff0c\u5f80\u5f80\u4f1a\u5bfc\u81f4\u77ed\u671f\u5e02\u573a\u5267\u70c8\u6ce2\u52a8\u3002\u8fd9\u4e9b\u662f\u771f\u6b63\u7684\u5e02\u573a\u51b2\u51fb\uff08\u7a81\u5982\u5176\u6765\u7684\uff09\uff0c\u800c\u4e0d\u662f\u9884\u671f\u7684\u5e02\u573a\u51b2\u51fb\uff08\u5f53\u4e00\u4efd\u4ee4\u4eba\u60ca\u8bb6\u7684\u7ecf\u6d4e\u6570\u636e\u5728\u5230\u671f\u65e5\u53d1\u5e03\u65f6\uff09\u3002\u6ca1\u6709\u65f6\u95f4\u4e3a\u8fd9\u4e9b\u51b2\u51fb\u505a\u51c6\u5907\uff0c\u751a\u81f3\u53ef\u80fd\u662f\u9ed1\u5929\u9e45<br \/>events.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-bbe2e33 exad-sticky-section-no exad-glass-effect-no elementor-widget elementor-widget-heading\" data-id=\"bbe2e33\" data-element_type=\"widget\" data-e-type=\"widget\" id=\"1st\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">\u6c47\u7387<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ea86e57 exad-sticky-section-no exad-glass-effect-no elementor-widget elementor-widget-text-editor\" data-id=\"ea86e57\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>1999 \u5e74 1 \u6708 1 \u65e5\uff0c\u5fb7\u56fd\u9a6c\u514b\u3001\u610f\u5927\u5229\u91cc\u62c9\u3001\u6cd5\u56fd\u6cd5\u90ce\u548c\u5176\u4ed6\u4e5d\u79cd\u6b27\u6d32\u8d27\u5e01\u6d88\u5931\uff0c\u6b27\u5143\u8bde\u751f\u4e86\u3002\u5728\u91c7\u7528\u5355\u4e00\u8d27\u5e01\u7684\u8fc7\u7a0b\u4e2d\uff0c\u6b27\u76df (EU) \u6210\u5458\u540c\u610f\u9075\u5b88\u8d22\u653f\u653f\u7b56\u9650\u5236\uff0c\u8fd9\u9650\u5236\u4e86\u56fd\u5bb6\u9884\u7b97\u8d64\u5b57\u4e0e\u56fd\u5185\u751f\u4ea7\u603b\u503c (GDP) \u7684\u6bd4\u7387\u3002\u5404\u56fd\u8fd8\u59d4\u6258\u4e86\u8d27\u5e01\u8d23\u4efb\uff0c\u5c06\u5229\u7387\u8bbe\u5b9a\u7ed9\u65b0\u6210\u7acb\u7684\u6b27\u6d32\u4e2d\u592e\u94f6\u884c (ECB)\u3002\u4f5c\u4e3a\u4e00\u4e2a\u7ecf\u6d4e\u96c6\u56e2\uff0c\u6b27\u5143\u533a\u5728\u4eba\u53e3\u548c\u56fd\u5185\u751f\u4ea7\u603b\u503c\u65b9\u9762\u4e0e\u7f8e\u56fd\u5927\u81f4\u76f8\u5f53\u3002\u8fd9\u662f\u6700\u5927\u548c\u6700\u53d7\u6b22\u8fce\u7684\u4ea4\u6613\u8d27\u5e01\u5bf9\u2014\u2014\u6b27\u5143\u5151\u7f8e\u5143\u3002\u6b27\u5143\u7684\u6d41\u52a8\u6027\u5728\u5176\u4ed6\u8d27\u5e01\u5bf9\u4e2d\u662f\u65e0\u4e0e\u4f26\u6bd4\u7684\uff0c\u56e0\u6b64\u5b83\u5728\u4e70\u4ef7\u548c\u5356\u4ef7\u4e4b\u95f4\u7684\u6240\u6709\u4ef7\u5dee\u4e2d\u662f\u6700\u7a84\u7684\u3002\u6839\u636e BIS \u7684\u6700\u65b0\u8c03\u67e5\uff0c\u6b27\u5143\u5151\u7f8e\u5143\u5360\u6bcf\u65e5\u4ea4\u6613\u91cf\u7684 28%\u3002\u4ea4\u6613\u91cf\u6bd4\u4e0b\u4e00\u4e2a\u6700\u6d3b\u8dc3\u7684\u8d27\u5e01\u5bf9 USDJPY \u9ad8\u51fa 150% 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(ECB) \u53ea\u6709\u4e00\u4e2a\u4efb\u52a1\u76ee\u6807\uff1a\u786e\u4fdd\u4ef7\u683c\u7a33\u5b9a\u3002\u5176\u4ed6\u76ee\u6807\uff0c\u4f8b\u5982\u589e\u957f\u548c\u5c31\u4e1a\uff0c\u90fd\u662f\u6b21\u8981\u7684\u3002\u745e\u58eb\u56fd\u5bb6\u94f6\u884c (SNB) \u7684\u804c\u8d23\u662f\u786e\u4fdd\u8d27\u5e01\u7a33\u5b9a\u3002\u56e0\u6b64\uff0c\u745e\u58eb\u592e\u884c\u6d3b\u8dc3\u4e8e\u5916\u6c47\u5e02\u573a\u3002\u5927\u591a\u6570\u56fd\u5bb6\/\u5730\u533a\u5df2\u5c06\u6b64\u8d23\u4efb\u59d4\u6258\u7ed9\u5176\u56fd\u5bb6\u8d22\u653f\u90e8\u6216\u8d22\u653f\u90e8\u3002<\/p><p><b>\u8f7b\u677e\u800c\u7d27\u5f20\u7684\u94b1<\/b><\/p><p>\u4e2d\u592e\u94f6\u884c\u6709\u4e24\u79cd\u7acb\u573a\uff1a\u4ed6\u4eec\u5728\u8d27\u5e01\u653f\u7b56\u65b9\u9762\u8981\u4e48\u6269\u5f20\uff0c\u8981\u4e48\u9650\u5236\u3002\u4e24\u8005\u4e4b\u95f4\u7684\u53d8\u52a8\u79f0\u4e3a\u4e2d\u592e\u94f6\u884c\u7684\u504f\u5411\u3002\u6269\u5f20\u6027\u653f\u7b56\u65e8\u5728\u6269\u5927\u6216\u523a\u6fc0\u7ecf\u6d4e\u589e\u957f\uff08\u6362\u53e5\u8bdd\u8bf4\u523a\u6fc0\u7ecf\u6d4e\uff09\uff0c\u6216\u9650\u5236\u6027\u504f\u89c1\u65e8\u5728\u51cf\u7f13\u7ecf\u6d4e\u589e\u957f\uff0c\u51e0\u4e4e\u603b\u662f\u4e3a\u4e86\u62b5\u5fa1\u901a\u8d27\u81a8\u80c0\u7684\u5a01\u80c1\u3002\u5728\u6781\u7aef\u60c5\u51b5\u4e0b\uff0c\u4e2d\u592e\u94f6\u884c\u91c7\u53d6\u7684\u6240\u6709\u63aa\u65bd\u4e2d\u6700\u5bb9\u6613\u91c7\u53d6\u7684\u63aa\u65bd\u662f\uff1a\u91cf\u5316\u5bbd\u677e (QE)\uff1b\u6216\u6700\u4e25\u683c\u7684\uff1a\u6709\u7ba1\u7406\u7684\u7d27\u7f29\u653f\u7b56\u3002<\/p><p>\u00a0<\/p><h4><b>\u6269\u5927\u3001\u9650\u5236\u3001\u91cf\u5316\u5bbd\u677e\u548c\u7f29\u51cf\u8d27\u5e01\u653f\u7b56<\/b><\/h4><p><b>\u6269\u5927\u8d27\u5e01\u653f\u7b56<\/b><\/p><p>\u6269\u5f20\u6027\u8d27\u5e01\u653f\u7b56\u901a\u5e38\u901a\u8fc7\u964d\u4f4e\u5229\u7387\u6765\u5b9e\u73b0\u3002\u8fd9\u964d\u4f4e\u4e86\u501f\u8d37\u6210\u672c\uff0c\u4ee5\u671f\u523a\u6fc0\u6295\u8d44\u3001\u6d88\u8d39\u8005\u652f\u51fa\u548c\u589e\u957f\u3002\u964d\u606f\u4e5f\u88ab\u79f0\u4e3a\u5bbd\u677e\u653f\u7b56\u3002\u60a8\u53ef\u80fd\u8fd8\u4f1a\u542c\u5230\u4e2d\u592e\u94f6\u884c\u6b63\u5728\u91c7\u53d6\u5bbd\u677e\u6216\u523a\u6fc0\u63aa\u65bd\u3002\u4e2d\u592e\u94f6\u884c\u8fd8\u53ef\u4ee5\u589e\u52a0\u8d27\u5e01\u4f9b\u5e94\u91cf\u548c\u7ecf\u6d4e\u4e2d\u6d41\u901a\u7684\u8d27\u5e01\u91cf\uff0c\u4ece\u800c\u964d\u4f4e\u501f\u8d37\u6210\u672c\u3002\u94f6\u884c\u5b58\u6b3e\u51c6\u5907\u91d1\u7387\u7684\u964d\u4f4e\u91ca\u653e\u4e86\u8d44\u672c\u6765\u653e\u8d37\uff0c\u589e\u52a0\u4e86\u8d27\u5e01\u4f9b\u5e94\u91cf\u5e76\u964d\u4f4e\u4e86\u501f\u8d37\u6210\u672c\u3002<\/p><p>\u5f53\u7ecf\u6d4e\u589e\u957f\u4f4e\u8ff7\u3001\u505c\u6ede\u6216\u6536\u7f29\u4e14\u5931\u4e1a\u7387\u4e0a\u5347\u65f6\uff0c\u6211\u4eec\u9700\u8981\u5b9e\u65bd\u6269\u5f20\u6027\u8d27\u5e01\u653f\u7b56\u3002\u8fd8\u53ef\u4ee5\u5f15\u5165\u66f4\u5177\u4f53\u7684\u8d27\u5e01\u653f\u7b56\u4ee5\u5e94\u5bf9\u91d1\u878d\u4f53\u7cfb\u7684\u91cd\u5927\u51b2\u51fb\uff0c\u4f8b\u5982\u7f8e\u56fd 9\/11 \u6050\u6016\u88ad\u51fb\u548c 2008 \u5e74\u5168\u7403\u91d1\u878d\u5371\u673a\u4e4b\u540e\u3002<\/p><p><b>\u9650\u5236\u6027\u8d27\u5e01\u653f\u7b56<\/b><\/p><p>\u9650\u5236\u6027\u8d27\u5e01\u653f\u7b56\uff0c\u4e5f\u79f0\u4e3a\u7d27\u7f29\u8d27\u5e01\u653f\u7b56\uff0c\u662f\u901a\u8fc7\u63d0\u9ad8\u5229\u7387\u6765\u5b9e\u73b0\u7684\u3002\u8f83\u9ad8\u7684\u5229\u7387\u4f1a\u589e\u52a0\u501f\u8d37\u6210\u672c\uff0c\u5e76\u4f1a\u51cf\u5c11\u652f\u51fa\u548c\u6295\u8d44\uff0c\u4ece\u800c\u51cf\u7f13\u7ecf\u6d4e\u589e\u957f\u3002<\/p><p>\u5f53\u4eba\u4eec\u8ba4\u4e3a\u7ecf\u6d4e\u589e\u957f\u8fc7\u5feb\u65f6\uff0c\u4e2d\u592e\u94f6\u884c\u901a\u5e38\u4f1a\u91c7\u53d6\u66f4\u7d27\u7f29\u7684\u8d27\u5e01\u653f\u7b56\u3002\u4e2d\u592e\u94f6\u884c\u62c5\u5fc3\u9700\u6c42\u589e\u52a0\uff0c\u52a0\u4e0a\u501f\u8d37\u6210\u672c\u4f4e\uff0c\u53ef\u80fd\u5bfc\u81f4\u901a\u80c0\u548c\u8d44\u4ea7\u6ce1\u6cab\u8d85\u51fa\u53ef\u63a5\u53d7\u7684\u6c34\u5e73\u3002\u7531\u4e8e\u8fc7\u591a\u7684\u8d44\u91d1\u8ffd\u9010\u76f8\u540c\u6216\u8fc7\u5c11\u7684\u5546\u54c1\uff0c\u4ef7\u683c\u5f00\u59cb\u4e0a\u6da8\uff0c\u901a\u8d27\u81a8\u80c0\u62ac\u5934\u3002\u4f8b\u5982\uff0c\u5de5\u8d44\u7684\u5feb\u901f\u589e\u957f\u53ef\u80fd\u4f1a\u5bfc\u81f4\u4e2a\u4eba\u6d88\u8d39\u589e\u52a0\uff0c\u63a8\u9ad8\u5404\u79cd\u5546\u54c1\u548c\u670d\u52a1\u7684\u6210\u672c\u3002<\/p><p><b>\u91cf\u5316\u5bbd\u677e<\/b><\/p><p>\u91cf\u5316\u5bbd\u677e (QE) \u662f\u4e00\u79cd\u76f8\u5bf9\u8f83\u65b0\u7684\u975e\u5e38\u89c4\u8d27\u5e01\u653f\u7b56\u5f62\u5f0f\u3002\u4e2d\u592e\u94f6\u884c\u4ece\u516c\u5f00\u5e02\u573a\u8d2d\u4e70\u957f\u671f\u8bc1\u5238\u4ee5\u589e\u52a0\u8d27\u5e01\u4f9b\u5e94\u91cf\u5e76\u9f13\u52b1\u501f\u8d37\u548c\u6295\u8d44\u3002\u8d2d\u4e70\u8fd9\u4e9b\u8bc1\u5238\u4e3a\u7ecf\u6d4e\u589e\u52a0\u4e86\u65b0\u8d44\u91d1\uff0c\u5e76\u901a\u8fc7\u62ac\u9ad8\u56fa\u5b9a\u6536\u76ca\u8bc1\u5238\u6765\u964d\u4f4e\u5229\u7387<br \/>.\u5b83\u8fd8\u6269\u5927\u4e86\u592e\u884c\u7684\u8d44\u4ea7\u8d1f\u503a\u8868\u3002<\/p><p>\u5f53\u77ed\u671f\u5229\u7387\u5904\u4e8e\u6216\u63a5\u8fd1\u96f6\u65f6\uff0c\u4e2d\u592e\u94f6\u884c\u4ee5\u5229\u7387\u4e3a\u76ee\u6807\u7684\u6b63\u5e38\u516c\u5f00\u5e02\u573a\u64cd\u4f5c\u5c31\u4e0d\u518d\u8db3\u591f\u4e86\u3002\u76f8\u53cd\uff0c\u4e2d\u592e\u94f6\u884c\u53ef\u4ee5\u9488\u5bf9\u7279\u5b9a\u6570\u91cf\u7684\u8d44\u4ea7\u8fdb\u884c\u8d2d\u4e70\u3002\u91cf\u5316\u5bbd\u677e\u901a\u8fc7\u7528\u65b0\u521b\u5efa\u7684\u94f6\u884c\u50a8\u5907\uff08\u5370\u949e\uff09\u8d2d\u4e70\u8d44\u4ea7\u6765\u589e\u52a0\u8d27\u5e01\u4f9b\u5e94\u91cf\uff0c\u4ee5\u63d0\u4f9b\u66f4\u591a\u7684\u6d41\u52a8\u6027\u3002\u8fd9\u6837\u505a\u7684\u5371\u9669\u662f\u5a01\u80c1\u53ef\u80fd\u5931\u63a7\u7684\u901a\u8d27\u81a8\u80c0\u3002<\/p><p>\u7b2c\u4e00\u4e2a\u4f7f\u7528\u91cf\u5316\u5bbd\u677e\u653f\u7b56\u7684\u56fd\u5bb6\u662f\u65e5\u672c\u3002 1997\u5e74\u4e9a\u6d32\u91d1\u878d\u5371\u673a\u540e\uff0c\u65e5\u672c\u9677\u5165\u6df1\u5ea6\u8870\u9000\u3002 2000 \u5e74\uff0c\u65e5\u672c\u4e2d\u592e\u94f6\u884c\u65e5\u672c\u94f6\u884c (BoJ) \u5f00\u59cb\u5b9e\u65bd\u79ef\u6781\u7684\u91cf\u5316\u5bbd\u677e\u8ba1\u5212\u4ee5\u6291\u5236\u901a\u8d27\u7d27\u7f29\u5e76\u8bd5\u56fe\u523a\u6fc0\u7ecf\u6d4e\u3002\u65e5\u672c\u592e\u884c\u9996\u5148\u8d2d\u4e70\u653f\u5e9c\u503a\u5238\uff0c\u7136\u540e\u8f6c\u5411\u8d2d\u4e70\u79c1\u4eba\u503a\u52a1\u548c\u80a1\u7968\u3002\u7136\u800c\uff0c\u8be5\u6d3b\u52a8\u672a\u80fd\u5b9e\u73b0\u5176\u76ee\u6807\u3002\u5728 1995 \u5e74\u81f3 2007 \u5e74\u671f\u95f4\uff0c\u5c3d\u7ba1\u65e5\u672c\u592e\u884c\u505a\u51fa\u4e86\u575a\u51b3\u7684\u52aa\u529b\uff0c\u4f46\u6309\u540d\u4e49\u4ef7\u503c\u8ba1\u7b97\uff0c\u65e5\u672c GDP \u4ece 5.45 \u4e07\u4ebf\u7f8e\u5143\u4e0b\u964d\u5230 4.52 \u4e07\u4ebf\u7f8e\u5143\u3002<\/p><p>\u6309\u7167\u5360\u4e00\u4e2a\u56fd\u5bb6 GDP \u7684\u767e\u5206\u6bd4\u6765\u5b9a\u4e49\uff0c\u6700\u5927\u7684\u91cf\u5316\u5bbd\u677e\u653f\u7b56\u662f\u745e\u58eb\u56fd\u5bb6\u94f6\u884c (SNB) \u5bf9 2008 \u5e74\u91d1\u878d\u5371\u673a\u7684\u56de\u5e94\u3002\u745e\u58eb\u592e\u884c\u6700\u7ec8\u62e5\u6709\u7684\u8d44\u4ea7\u51e0\u4e4e\u7b49\u4e8e\u745e\u58eb\u7684\u5e74\u7ecf\u6d4e\u4ea7\u51fa\u3002\u5c3d\u7ba1\u745e\u58eb\u7684\u7ecf\u6d4e\u589e\u957f\u4e00\u76f4\u662f\u79ef\u6781\u7684\uff0c\u4f46\u5c1a\u4e0d\u6e05\u695a\u8fd9\u5728\u591a\u5927\u7a0b\u5ea6\u4e0a\u53ef\u4ee5\u5f52\u529f\u4e8e\u5e9e\u5927\u7684\u91cf\u5316\u5bbd\u677e\u8ba1\u5212\u3002\u591a\u5e74\u6765\uff0c\u745e\u58eb\u4eba\u4e00\u76f4\u5c06\u5229\u7387\u7ef4\u6301\u5728\u96f6\u4ee5\u4e0b\uff0c\u4f46\u6548\u679c\u5e76\u4e0d\u660e\u663e\u3002<\/p><p><img decoding=\"async\" style=\"font-family: 'Noto Sans', -apple-system, BlickMacSystemFont, 'Segoe UI', Roboto, Oxygen, Ubuntu, Cantarell, 'Fira Sans', 'Droid Sans', 'Helvetica Neue', sans-serif; font-size: 17px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: 0.425px; outline-style: none !important; outline-width: initial !important;\" title=\"Chapter 5: What is Fundamental Analysis? 41\" src=\"https:\/\/en.myfxchoice.com\/wp-content\/themes\/fxnew\/images\/chapter\/figure16.png\" alt=\"Figure 1\" \/><span style=\"color: #3a4254; font-family: 'Noto Sans', -apple-system, BlickMacSystemFont, 'Segoe UI', Roboto, Oxygen, Ubuntu, Cantarell, 'Fira Sans', 'Droid Sans', 'Helvetica Neue', sans-serif; font-size: 17px; font-style: italic; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: 0.425px;\">\u56fe 16QE \u548c\u9525\u5f62<\/span><\/p><p><span style=\"color: var( --e-global-color-b8cf48d ); font-size: 14px; letter-spacing: 0.425px;\">\u5728\u82f1\u56fd\uff0c2016 \u5e74 8 \u6708\uff0c\u82f1\u683c\u5170\u94f6\u884c (BoE) \u5ba3\u5e03\u5c06\u63a8\u51fa\u989d\u5916\u7684\u91cf\u5316\u5bbd\u677e\u8ba1\u5212\uff0c\u4ee5\u5e2e\u52a9\u89e3\u51b3\u82f1\u56fd\u9000\u6b27\u7684\u6f5c\u5728\u5f71\u54cd\u3002\u4ece 2016 \u5e74 8 \u6708\u5230 2018 \u5e74 6 \u6708\uff0c\u82f1\u56fd\u7ecf\u5386\u4e86\u653f\u5e9c\u7d27\u7f29\u653f\u7b56\u00a0<\/span><span style=\"font-size: 14px; color: var( --e-global-color-b8cf48d );\">policy combined with government deficit spending. It is therefore not clear how much benefit QE had for the UK economy.<\/span><\/p><p>2020 \u5e74 3 \u6708 12 \u65e5\uff0c\u7f8e\u8054\u50a8\u5ba3\u5e03\u8ba1\u5212\u5b9e\u65bd\u9ad8\u8fbe 1.5 \u4e07\u4ebf\u7f8e\u5143\u7684\u8d44\u4ea7\u8d2d\u4e70\u8ba1\u5212\uff0c\u4f5c\u4e3a\u4e3a\u7f8e\u56fd\u91d1\u878d\u4f53\u7cfb\u63d0\u4f9b\u6d41\u52a8\u6027\u7684\u7d27\u6025\u63aa\u65bd\u3002\u7531\u4e8e\u8fd9\u662f\u7b2c\u56db\u8f6e\u91cf\u5316\u5bbd\u677e\u653f\u7b56\uff0c\u56e0\u6b64\u88ab\u79f0\u4e3a QE 4\u3002\u7531\u4e8e COVID-19 \u7684\u8fc5\u901f\u4f20\u64ad\u548c\u968f\u4e4b\u800c\u6765\u7684\u7ecf\u6d4e\u505c\u6446\u5e26\u6765\u4e86\u5de8\u5927\u7684\u7ecf\u6d4e\u548c\u5e02\u573a\u52a8\u8361\uff0c\u7f8e\u56fd\u4e2d\u592e\u94f6\u884c\u7684\u51b3\u5b9a\u53d8\u5f97\u66f4\u52a0\u5bb9\u6613\u3002<\/p><p><b>\u9525\u5f62<\/b><\/p><p>\u9010\u6e10\u51cf\u5c11\u662f QE 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style=\"font-size: 14px; color: var( --e-global-color-b8cf48d );\">\u7f8e\u56fd\u8d22\u653f\u90e8<\/b><\/h4><p>\u8d22\u653f\u90e8\u6709\u7ba1\u7406\u7f8e\u5143\u7684\u6cd5\u5f8b\u6388\u6743\uff0c\u4ece\u5370\u5237\u7f8e\u5143\u949e\u7968\u548c\u94f8\u9020\u786c\u5e01\u5230\u786e\u4fdd\u7f8e\u5143\u5728\u56fd\u9645\u5e02\u573a\u4e0a\u7684\u7a33\u5065\u6027\u3002\u8d22\u653f\u90e8\u957f\u662f\u7f8e\u5143\u7684\u4e3b\u8981\u53d1\u8a00\u4eba\u3002\u8d1f\u8d23\u56fd\u9645\u4e8b\u52a1\u7684\u526f\u8d22\u653f\u90e8\u957f\u662f\u8d1f\u8d23\u65e5\u5e38\u8d27\u5e01\u4e8b\u52a1\u7684\u4eb2\u529b\u4eb2\u4e3a\u7684\u8d22\u653f\u90e8\u5b98\u5458\u3002\u5f53\u8d22\u653f\u90e8\u957f\u5c31\u7f8e\u5143\u6216\u4efb\u4f55\u5176\u4ed6\u8d27\u5e01\u7684\u4ef7\u503c\u53d1\u8868\u8bb2\u8bdd\u65f6\uff0c\u5916\u6c47\u5e02\u573a\u90fd\u4f1a\u503e\u542c\u3002<\/p><p><b>\u6b27\u5143\u533a<\/b><\/p><p>\u6b27\u6d32\u4e2d\u592e\u94f6\u884c (ECB) \u8d1f\u8d23 1999 \u5e74\u6b27\u5143 (EUR) 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(MOF) \u8d1f\u8d23\u65e5\u672c\u7684\u8d27\u5e01\u4e8b\u52a1\u3002 MOF \u662f\u65e5\u672c\u6700\u6709\u6743\u52bf\u7684\u653f\u5e9c\u90e8\u95e8\uff0c\u5bf9\u7ecf\u6d4e\u4e8b\u52a1\u7684\u5f71\u54cd\u529b\u751a\u81f3\u8d85\u8fc7\u4e2d\u592e\u94f6\u884c\u65e5\u672c\u94f6\u884c (BOJ)\u3002\u8d22\u653f\u90e8\u53d1\u8a00\u4eba\u662f\u8d1f\u8d23\u56fd\u9645\u4e8b\u52a1\u7684\u526f\u90e8\u957f\u3002\u5f53\u6ce2\u52a8\u6027\u589e\u52a0\u65f6\uff0c\u8d22\u653f\u90e8\u901a\u5e38\u4f1a\u53d1\u5e03\u6709\u5173\u5916\u6c47\u5e02\u573a\u7684\u6bcf\u65e5\u8bc4\u8bba\u3002<\/p><p><b>\u82f1\u56fd<\/b><\/p><p>\u8d22\u653f\u5927\u81e3\uff08\u8d22\u653f\u90e8\u957f\u6216\u8d22\u653f\u90e8\u957f\uff09\u662f\u8d1f\u8d23\u82f1\u9551\u7684\u4e2a\u4eba\u3002\u81ea\u82f1\u683c\u5170\u94f6\u884c (BoE) \u5728 1990 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(ERM)\uff0c\u8fd9\u662f\u540e\u6765\u6210\u4e3a\u6b27\u5143\u7684\u524d\u8eab\u5b89\u6392\u3002\u9274\u4e8e\u8fd9\u79cd\u5c48\u8fb1\u548c\u4f24\u75d5\u7d2f\u7d2f\u7684\u7ecf\u5386\uff0c\u4efb\u4f55\u8d22\u653f\u5927\u81e3\u90fd\u4e0d\u592a\u53ef\u80fd\u518d\u6b21\u5c1d\u8bd5\u64cd\u7eb5\u82f1\u9551\u3002<\/p><p>\u5c3d\u7ba1\u62d2\u7edd\u52a0\u5165\u6b27\u5143\u5355\u4e00\u8d27\u5e01\uff0c\u4f46\u82f1\u56fd\u4e0e\u5176\u6700\u5927\u7684\u8d38\u6613\u4f19\u4f34\u6b27\u6d32\u7ecf\u6d4e\u4f53\u4fdd\u6301\u7740\u5bc6\u5207\u7684\u8054\u7cfb\u3002 2020 \u5e74\uff0c\u82f1\u56fd\u79bb\u5f00\u4e86 1973 \u5e74\u52a0\u5165\u7684\u6b27\u76df\u3002<\/p><p><b>\u745e\u58eb<\/b><\/p><p>\u745e\u58eb\u56fd\u5bb6\u94f6\u884c (SNB) \u8d1f\u8d23\u7ba1\u7406\u745e\u58eb\u6cd5\u90ce (CHF) \u5e76\u5236\u5b9a\u745e\u58eb\u8d27\u5e01\u653f\u7b56\u3002\u745e\u58eb\u592e\u884c\u5173\u6ce8\u745e\u58eb\u6cd5\u90ce\u4e0e\u5176\u6700\u5927\u8d38\u6613\u4f19\u4f34\u6b27\u5143\u7684\u6c47\u7387\u3002\u5f53\u4ed6\u4eec\u8ba4\u4e3a EURCHF \u5728\u4ed6\u4eec\u770b\u6765\u8fc7\u9ad8\u6216\u8fc7\u4f4e\u65f6\uff0c\u4ed6\u4eec\u901a\u5e38\u4f1a\u53d1\u8a00\u3002\u745e\u58eb\u592e\u884c\u7684\u4e3b\u8981\u6b66\u5668\u662f\u5229\u7387\uff0c\u5b83\u4f7f\u7528\u8d1f\u5229\u7387\u6765\u964d\u4f4e\u745e\u58eb\u6cd5\u90ce\u5bf9\u5e02\u573a\u7684\u5438\u5f15\u529b\u3002\u8fd9\u5e76\u4e0d\u592a\u6210\u529f\uff0c\u56e0\u4e3a\u5b83\u662f\u8ffd\u6367\u7684\u907f\u98ce\u6e2f\u4e4b\u4e00<br \/>\u8d27\u5e01\u3002\u65e5\u5143\u548c\u745e\u58eb\u6cd5\u90ce\u662f\u9996\u9009\u7684\u907f\u9669\u8d27\u5e01<\/p><p>\u4ea4\u6613\u5458\u56de\u60f3\u8d77\u745e\u58eb\u592e\u884c\u5728\u63a7\u5236\u8d27\u5e01\u5f3a\u52bf\u65b9\u9762\u7684\u5f3a\u786c\u624b\u6bb5\uff0c\u4e0d\u5bd2\u800c\u6817\u3002 2015 \u5e74\uff0c\u5728\u65f6\u673a\u9009\u62e9\u548c\u66f4\u5e7f\u6cdb\u7684\u884c\u4e1a\u5173\u6ce8\u65b9\u9762\u6ca1\u6709\u4efb\u4f55\u969c\u788d\uff0c\u4ed6\u4eec\u53d6\u6d88\u4e86\u6b27\u5143\u5151\u745e\u90ce 1.20 \u7684\u4e0b\u9650\uff0c\u5373\u4f7f\u4ed6\u4eec\u8868\u793a\u8fd9\u4e0d\u662f\u4ed6\u4eec\u4f1a\u7a81\u7136\u505a\u7684\u4e8b\u60c5\u3002\u8fd9\u662f\u5927\u591a\u6570\u4eba\u4e00\u751f\u4e2d\u6700\u5927\u548c\u6700\u5feb\u7684\u8d27\u5e01\u53d8\u52a8\uff0c\u4f7f\u8bb8\u591a\u4eba\u548c\u7ecf\u7eaa\u4eba\u635f\u5931\u4e86\u5f88\u591a\u94b1\u3002\u7b28\u62d9\u7684\u4e3e\u52a8\u5f15\u8d77\u4e86\u6295\u673a\u8005\u6216\u4e2d\u592e\u94f6\u884c\u4e0d\u60f3\u518d\u6b21\u770b\u5230\u7684\u9707\u60ca\u3002<\/p><p><b>\u201c\u5957\u5229\u4ea4\u6613\u201d<\/b><br \/>\u673a\u6784\u3001\u94f6\u884c\u548c\u5bf9\u51b2\u57fa\u91d1\u4f7f\u7528\u7684\u4e00\u79cd\u6d41\u884c\u7b56\u7565\u662f\u5957\u5229\u4ea4\u6613\u3002\u8fd9\u662f\u60a8\u4e70\u5165\u9ad8\u6536\u76ca\u8d27\u5e01\u5e76\u5356\u51fa\u76f8\u5bf9\u4f4e\u6536\u76ca\u8d27\u5e01\u7684\u65f6\u5019\u3002\u8be5\u7b56\u7565\u4ee5\u4e24\u79cd\u65b9\u5f0f\u83b7\u5229\uff1a<\/p><p>\u901a\u8fc7\u505a\u591a\u9ad8\u6536\u76ca\u8d27\u5e01\u548c\u505a\u7a7a\u4f4e\u6536\u76ca\u8d27\u5e01\uff0c\u60a8\u53ef\u4ee5\u8d5a\u53d6\u4e24\u79cd\u8d27\u5e01\u4e4b\u95f4\u7684\u5229\u7387\u5dee\uff0c\u5373\u5229\u5dee\u3002\u5982\u679c\u4f60\u6301\u6709\u76f8\u53cd\u7684\u5934\u5bf8\uff0c\u505a\u591a\u4f4e\u6536\u76ca\u503a\u5238\uff0c\u505a\u7a7a\u9ad8\u6536\u76ca\u503a\u5238\uff0c\u5229\u7387\u5dee\u5f02\u5bf9\u4f60\u4e0d\u5229\uff0c\u8fd9\u88ab\u79f0\u4e3a\u6301\u6709\u6210\u672c<br \/>.<br \/>\u5373\u671f\u4ef7\u683c\u968f\u7740\u5229\u5dee\u7684\u65b9\u5411\u5347\u503c\u3002\u5177\u6709\u663e\u7740\u5229\u7387\u5dee\u5f02\u7684\u8d27\u5e01\u5bf9\u5f80\u5f80\u503e\u5411\u4e8e\u9ad8\u6536\u76ca\u8d27\u5e01\uff0c\u56e0\u4e3a\u505a\u591a\u9ad8\u6536\u76ca\u8d27\u5e01\u7684\u4ea4\u6613\u8005\u4f1a\u83b7\u5f97\u56de\u62a5\uff0c\u8fdb\u4e00\u6b65\u589e\u52a0\u8d2d\u4e70\u5174\u8da3\uff0c\u800c\u9ad8\u6536\u76ca\u8d27\u5e01\u7684\u7a7a\u5934\u4ea4\u6613\u8005\u4f1a\u53d7\u5230\u60e9\u7f5a\uff0c\u4ece\u800c\u51cf\u5c11\u5356\u51fa\u5174\u8da3.<br \/>\u8fd9\u542c\u8d77\u6765\u50cf\u662f\u514d\u8d39\u7684\u94b1\u3002\u66f4\u51c6\u786e\u5730\u8bf4\uff0c\u60a8\u83b7\u5f97\u62a5\u916c\u7684\u8d37\u6b3e\u3002\u673a\u6784\u4f7f\u7528\u5957\u5229\u4ea4\u6613\u4e3a\u80a1\u7968\u5934\u5bf8\u548c\u5176\u4ed6\u6295\u8d44\u878d\u8d44\u3002\u4ed6\u4eec\u6709\u975e\u5e38\u719f\u7ec3\u548c\u7ecf\u9a8c\u4e30\u5bcc\u7684\u4ea4\u6613\u5458\u7ba1\u7406\u4ed6\u4eec\u7684\u514d\u8d39\u8d44\u91d1\u6765\u6e90\uff0c\u4ee5\u4fbf\u4ed6\u4eec\u505a\u5176\u4ed6\u4e8b\u60c5\u3002<\/p><p>\u7136\u800c\uff0c\u6709\u4e00\u4e2a\u9677\u9631\u3002\u8981\u6ce8\u610f\u7684\u662f\uff0c\u73b0\u8d27\u4ef7\u683c\u7684\u4e0b\u884c\u6ce2\u52a8\u4f1a\u8fc5\u901f\u62b5\u6d88\u5957\u5229\u4ea4\u6613\u5229\u5dee\u5e26\u6765\u7684\u4efb\u4f55\u6536\u76ca\u3002\u8fc7\u5ea6\u7684\u5e02\u573a\u53c2\u4e0e\u548c\u6709\u5229\u4e8e\u5957\u5229\u4ea4\u6613\u7684\u5b9a\u4f4d\u53ef\u80fd\u4f1a\u52a0\u5267\u98ce\u9669\uff0c\u8fd9\u610f\u5473\u7740\u5957\u5229\u4ea4\u6613\u53d8\u5f97\u5982\u6b64\u6d41\u884c\u4ee5\u81f3\u4e8e\u6bcf\u4e2a\u4eba\u90fd\u53c2\u4e0e\u5176\u4e2d\u3002\u5f53\u6240\u6709\u60f3\u4e70\u7684\u4eba\u90fd\u4e70\u4e86\uff0c\u4e3a\u4ec0\u4e48\u4ef7\u683c\u8fd8\u8981\u7ee7\u7eed\u8d70\u9ad8\uff1f\u8bf7\u8bb0\u4f4f\uff0c\u5957\u5229\u4ea4\u6613\u662f\u7531\u89c4\u6a21\u5e9e\u5927\u7684\u673a\u6784\u8fdb\u884c\u7684\u3002\u66f4\u53ef\u6015\u7684\u662f\uff0c\u5982\u679c\u4ef7\u683c\u5f00\u59cb\u53cd\u8f6c\u5957\u5229\u4ea4\u6613\uff0c\u53ef\u80fd\u4f1a\u5f15\u53d1\u6050\u614c\u6027\u79bb\u573a\uff0c\u52a0\u901f\u4ef7\u683c\u66b4\u8dcc\u3002\u5bf9\u4e8e\u4f7f\u7528\u5957\u5229\u4ea4\u6613\u4e3a\u5176\u4e1a\u52a1\u878d\u8d44\u7684\u673a\u6784\u7684\u6210\u672c\uff0c\u8fd9\u79cd\u81ea\u6211\u4fee\u6b63\u5728\u5e02\u573a\u4e0a\u7ecf\u5e38\u53d1\u751f\u4e14\u5267\u70c8\u53d1\u751f\u3002<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5f60d8c exad-sticky-section-no exad-glass-effect-no elementor-widget elementor-widget-heading\" data-id=\"5f60d8c\" data-element_type=\"widget\" data-e-type=\"widget\" id=\"2nd\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">\u6b63\u786e\u770b\u5f85\u57fa\u672c\u6570\u636e\n<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e3e0c24 exad-sticky-section-no exad-glass-effect-no elementor-widget elementor-widget-text-editor\" data-id=\"e3e0c24\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>\u57fa\u672c\u9762\u6570\u636e\u6405\u52a8\u5e02\u573a\uff0c\u4f7f\u5176\u5728\u957f\u671f\u3001\u4e2d\u671f\u548c\u77ed\u671f\u8303\u56f4\u5185\u4e0a\u4e0b\u6ce2\u52a8\u3002\u53ef\u4ee5\u8bf4\uff0c\u7279\u522b\u662f\u4ece\u957f\u671f\u6765\u770b\uff0c\u57fa\u672c\u9762\u826f\u597d\u7684\u56fd\u5bb6\u8d27\u5e01\u575a\u633a\uff1b\u90a3\u4e9b\u57fa\u672c\u9762\u5dee\u7684\u4eba\u4f1a\u53d7\u5230\u5e02\u573a\u7684\u60e9\u7f5a\u5e76\u4e14\u8d27\u5e01\u75b2\u8f6f\u3002<\/p><p>\u4f46\u8fd9\u5176\u4e2d\u6709\u5f88\u591a\u5fae\u5999\u4e4b\u5904\uff0c\u6211\u4eec\u6709\u8bb8\u591a\u5e76\u4e0d\u603b\u662f\u4e00\u81f4\u7684\u57fa\u672c\u539f\u5219\uff0c\u800c\u4e14\u53ef\u80fd\u4f1a\u975e\u5e38\u6df7\u4e71\u3002\u8fd9\u5728\u7ecf\u6d4e\u5468\u671f\u7684\u8f6c\u6298\u70b9\u5c24\u4e3a\u660e\u663e\u3002\u5728\u8fd9\u91cc\uff0c\u65e7\u7684\u597d\u6d88\u606f\u4e0e\u65b0\u7684\u574f\u6d88\u606f\u6df7\u5408\u5728\u4e00\u8d77\uff0c\u4f46\u6d88\u606f\u662f\u6df7\u6742\u548c\u6df7\u4e71\u7684\uff0c\u5bfc\u81f4\u4e0d\u786e\u5b9a\u6027\u548c\u6ce2\u52a8\u6027\u3002\u5728\u67d0\u4e9b\u65f6\u5019\uff0c\u5e02\u573a\u4f1a\u8ba4\u4e3a\u4e2a\u522b\u57fa\u672c\u9762\u7279\u522b\u91cd\u8981\u3002\u5728\u53e6\u4e00\u65f6\u95f4\uff0c\u76f8\u540c\u7684\u57fa\u672c\u9762\u53ef\u80fd\u88ab\u5ffd\u7565\uff0c\u751a\u81f3\u5bfc\u81f4\u76f8\u53cd\u7684\u4ef7\u683c\u6548\u5e94\u3002\u5fc5\u987b\u8ba4\u8bc6\u5230\uff0c\u6bd4\u65b0\u95fb\u548c\u57fa\u672c\u9762\u66f4\u91cd\u8981\u7684\u662f\u5e02\u573a\u5bf9\u57fa\u672c\u9762\u7684\u770b\u6cd5\u3001\u9884\u671f\u548c\u6050\u60e7\u3002\u5e02\u573a\u53d8\u5316\u65e0\u5e38\uff0c\u6709\u65f6\u4f1a\u5bf9\u597d\u6d88\u606f\u548c\u574f\u6d88\u606f\u505a\u51fa\u5947\u602a\u7684\u53cd\u5e94\u3002\u5e02\u573a\u7531\u4ee5\u975e\u5e38\u4eba\u6027\u5316\u7684\u65b9\u5f0f\u5bf9\u4e8b\u5b9e\u548c\u65b0\u95fb\u505a\u51fa\u53cd\u5e94\u7684\u4eba\u7ec4\u6210\u3002\u4eba\u4eec\u5e76\u4e0d\u603b\u662f\u7406\u6027\u7684\uff0c\u5e76\u4e14\u53ef\u80fd\u4f1a\u53d7\u5230\u6050\u60e7\u548c\u8d2a\u5a6a\u7b49\u60c5\u7eea\u7684\u9ad8\u5ea6\u9a71\u52a8\u3002\u6839\u672c\u6ca1\u6709\u516c\u5f0f\uff1a\u597d\u6d88\u606f\u7b49\u4e8e\u4ef7\u683c\u4e0a\u6da8\uff0c\u574f\u6d88\u606f\u7b49\u4e8e\u4ef7\u683c\u4e0b\u8dcc\u3002\u5982\u679c\u6d88\u606f\u5728\u610f\u6599\u4e4b\u4e2d\uff0c\u90a3\u4e48\u574f\u6d88\u606f\u53ef\u80fd\u4f1a\u5bfc\u81f4\u4ef7\u683c\u4e0a\u6da8\uff0c\u4e5f\u8bb8\u5e02\u573a\u89c9\u5f97\u73b0\u5728\u4e00\u5207\u90fd\u8fc7\u53bb\u4e86\uff0c\u5e02\u573a\u677e\u4e86\u4e00\u53e3\u6c14\uff0c\u73b0\u5728\u53ef\u4ee5\u8d85\u8d8a\u90a3\u6761\u574f\u6d88\u606f\u3002\u4f60\u53ef\u4ee5\u770b\u5230\u7ecf\u6d4e\u5b66\u5bb6\u5728\u7535\u89c6\u4e0a\u52aa\u529b\u8bc4\u8bba\u7ecf\u6d4e\u65b0\u95fb\u3002\u4ed6\u4eec\u65e0\u6cd5\u89e3\u91ca\u4e3a\u4ec0\u4e48\u5728\u4e00\u4e9b\u574f\u6d88\u606f\u4e4b\u540e\uff0c\u5e02\u573a\u4f1a\u98d9\u5347\u3002\u4ed6\u4eec\u4e0d\u660e\u767d\u4ef7\u683c\u53d8\u52a8\u4e0d\u662f\u7531\u65b0\u95fb\u5f15\u8d77\u7684\uff0c\u800c\u901a\u5e38\u662f\u7531\u5bf9\u65b0\u95fb\u7684\u9884\u671f\u548c\u5bf9\u65b0\u95fb\u7a0d\u540e\u610f\u5473\u7740\u4ec0\u4e48\u7684\u770b\u6cd5\u5f15\u8d77\u7684\u3002\u8fd9\u79cd\u5bf9\u4e8b\u5b9e\u4ef7\u503c\u7684\u6743\u8861\u662f\u975e\u5e38\u4eba\u6027\u5316\u7684\uff0c\u800c\u4e0d\u662f\u7406\u6027\u79d1\u5b66\u516c\u5f0f\u7684\u7ed3\u679c\u3002\u7ecf\u6d4e\u7406\u8bba\u65e0\u6cd5\u89e3\u51b3\u8fd9\u4e2a\u95ee\u9898\u3002<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c39a2d9 exad-sticky-section-no exad-glass-effect-no elementor-widget elementor-widget-heading\" data-id=\"c39a2d9\" data-element_type=\"widget\" data-e-type=\"widget\" id=\"3dr\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">\u5e02\u573a\u52a8\u6001\u6570\u636e\n<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2789bad exad-sticky-section-no exad-glass-effect-no elementor-widget elementor-widget-text-editor\" data-id=\"2789bad\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>\u5728\u5916\u6c47\u5e02\u573a\u4e0a\uff0c\u7f8e\u56fd\u7684\u6570\u636e\u548c\u65b0\u95fb\u538b\u5012\u6027\u5730\u63a8\u52a8\u4e86\u5e02\u573a\u3002\u5373\u4f7f\u662f\u8f83\u5927\u7684\u975e\u7f8e\u56fd\u7ecf\u6d4e\u4f53\u7684\u57fa\u672c\u9762\u5bf9\u5e02\u573a\u7684\u5f71\u54cd\u4e5f\u4e0d\u5982\u6765\u81ea\u7f8e\u56fd\u7684\u4efb\u4f55\u6d88\u606f\u3002\u4f8b\u5916\u60c5\u51b5\u662f\u5728\u5e02\u573a\u538b\u529b\u65f6\u671f\uff0c\u4f8b\u5982\u6b27\u5143\u5371\u673a\u548c\u82f1\u56fd\u8131\u6b27\u3002\u4e2d\u592e\u94f6\u884c\u3001\u653f\u5e9c\u548c\u5e02\u573a\u53c2\u4e0e\u8005\u5229\u7528\u57fa\u672c\u9762\u548c\u65b0\u95fb\u6765\u8861\u91cf\u7ecf\u6d4e\u72b6\u51b5\u3001\u5236\u5b9a\u8d27\u5e01\u653f\u7b56\u548c\u505a\u51fa\u6295\u8d44\u51b3\u7b56\u3002\u4ece\u5916\u6c47\u4ea4\u6613\u5458\u7684\u89d2\u5ea6\u6765\u770b\uff0c\u7ecf\u6d4e\u6570\u636e\u62a5\u544a\u662f\u523a\u6fc0\u5e02\u573a\u548c\u63a8\u52a8\u4e8b\u60c5\u53d1\u5c55\u7684\u50ac\u5316\u5242\uff0c\u6709\u65f6\u751a\u81f3\u662f\u975e\u5e38\u5174\u594b\u3002<\/p><p>\u6211\u4eec\u73b0\u5728\u5c06\u901a\u8fc7\u6570\u636e\u53d1\u5e03\uff0c\u8fd9\u4e9b\u6570\u636e\u901a\u5e38\u662f\u6700\u5927\u7684\u5e02\u573a\u63a8\u52a8\u8005\uff0c\u5e76\u4e14\u53ef\u80fd\u5728\u53d1\u5e03\u540e\u7acb\u5373\u751a\u81f3\u51e0\u5929\u540e\u5bfc\u81f4\u6ce2\u52a8\u6027\u5927\u5e45\u589e\u52a0\u3002\u8fd9\u4e9b\u62a5\u544a\u627e\u5230\u4e86\u5e02\u573a\u4e3b\u8981\u89c2\u70b9\u7684\u57fa\u7840\uff0c\u5e76\u5c06\u5f3a\u5316\u73b0\u6709\u8d8b\u52bf\u5e76\u5f15\u53d1\u6f5c\u5728\u7684\u9006\u8f6c\u3002\u8fd9\u4e9b\u662f\u9700\u8981\u4e86\u89e3\u3001\u51c6\u5907\u548c\u5c0a\u91cd\u7684\u4eba\u3002<\/p><p><b>\u611f\u77e5\u7684\u91cd\u8981\u6027<\/b><\/p><p>\u8bf7\u8bb0\u4f4f\uff0c\u4e0e\u6570\u636e\u672c\u8eab\u4e00\u6837\u91cd\u8981\u7684\u662f\u5b83\u4e0e\u4e4b\u524d\u7248\u672c\u7684\u5173\u7cfb\uff0c\u4ee5\u53ca\u6700\u91cd\u8981\u7684\u662f\u5b83\u4e0e\u9884\u671f\u7684\u5173\u7cfb\u3002\u53ef\u80fd\u9884\u6599\u5230\u975e\u5e38\u574f\u7684\u6d88\u606f\uff0c\u800c\u53d1\u5e03\u7684\u6d88\u606f\u53ea\u662f\u574f\u6d88\u606f\u3002\u8fd9\u662f\u4e00\u4e2a\u610f\u5916\uff0c\u5e76\u5bfc\u81f4\u5e02\u573a\u6025\u5267\u9006\u8f6c\uff0c\u56e0\u4e3a\u63d0\u524d\u5b9a\u4f4d\u81ea\u5df1\u7684\u4ea4\u6613\u5458\u63aa\u624b\u4e0d\u53ca\u3002\u53e6\u4e00\u4e2a\u4ee4\u4eba\u60ca\u8bb6\u7684\u4f8b\u5b50\u662f\u5f53\u6211\u4eec\u6709\u4e00\u7cfb\u5217\u7684\u65f6\u5019\uff0c\u4f8b\u5982\uff0c\u597d\u7684\u6570\u636e\u53d1\u5e03\u88ab\u4e00\u4e2a\u574f\u7684\u6570\u5b57\u6253\u65ad\u3002\u8fd9\u9707\u60ca\u4e86\u5e02\u573a\uff0c\u56e0\u4e3a\u4ed6\u4eec\u5df2\u7ecf\u4e60\u60ef\u4e86\u8fd9\u79cd\u826f\u597d\u7684\u6570\u636e\uff0c\u8fd9\u53ef\u80fd\u610f\u5473\u7740\u547d\u8fd0\u7684\u6f5c\u5728\u9006\u8f6c\u3002\u5fc5\u987b\u4e86\u89e3\u6570\u636e\u4e0e\u5148\u524d\u6570\u636e\u7684\u5173\u7cfb\uff0c\u6700\u91cd\u8981\u7684\u662f\uff0c\u4e86\u89e3\u9884\u671f\u7684\u6570\u5b57\u6216\u767e\u5206\u6bd4\u3002\u4e0e\u9884\u671f\u6570\u5b57\u7684\u5927\u504f\u5dee\u901a\u5e38\u4f1a\u5bfc\u81f4\u6025\u5267\u6ce2\u52a8\u7684\u8d70\u52bf\u3002\u8fd9\u5168\u90fd\u4e0e\u671f\u671b\u548c\u611f\u77e5\u6709\u5173\u3002<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div 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js-page-navigation-row\"><p>\u7f8e\u56fd\u662f\u4e16\u754c\u4e0a\u6700\u5927\u7684\u56fd\u6c11\u7ecf\u6d4e\u4f53\uff0c\u7f8e\u5143\u5728\u51e0\u4e4e\u6240\u6709\u8d27\u5e01\u4ea4\u6613\u4e2d\u90fd\u5904\u4e8e\u4e00\u8fb9\u3002<\/p><p><strong>\u975e\u519c\u5c31\u4e1a<\/strong><\/p><p>\u975e\u519c\u5c31\u4e1a\u62a5\u544a\u662f\u7f8e\u56fd\u653f\u5e9c\u8bc4\u4f30\u4e0a\u6708\u6574\u4f53\u52b3\u52a8\u529b\u5e02\u573a\u7684\u4e3b\u8981\u62a5\u544a\u3002\u5b83\u662f\u5916\u6c47\u65e5\u5386\u4e2d\u6700\u91cd\u8981\u7684\u6570\u636e\u901f\u7387\u79df\u7ea6\u4e4b\u4e00\uff0c\u800c\u4e14\u5e38\u5e38\u4ee4\u4eba\u60ca\u8bb6\u3002\u6570\u5b57\u672c\u8eab\u88ab\u5206\u89e3\u6210\u51e0\u4e2a\u90e8\u5206\u3002<\/p><p><strong>\u975e\u519c\u5c31\u4e1a\u4eba\u6570\u53d8\u5316<\/strong><\/p><p>\u8fd9\u662f\u5927\u5bb6\u5173\u6ce8\u7684\u5927\u6570\u5b57\u3002\u5982\u679c\u4f60\u770b\u5230\u975e\u519c\u5c31\u4e1a\u4eba\u6570\u4f30\u8ba1\u4e3a\u6b63 250,000\uff0c\u5219\u610f\u5473\u7740\u666e\u904d\u9884\u6d4b\u7ecf\u6d4e\u5728\u4e0a\u4e2a\u6708\u589e\u52a0\u4e86 250,000 \u4e2a\u65b0\u5de5\u4f5c\u5c97\u4f4d\u3002\u975e\u519c\u5c31\u4e1a\u4eba\u6570\u5360\u7f8e\u56fd\u5c31\u4e1a\u4eba\u6570\u7684 75% \u81f3 80%\uff0c\u4e0d\u5305\u62ec\u653f\u5e9c\u3001\u4e2a\u4f53\u7ecf\u8425\u8005\u548c\u519c\u573a\u5de5\u4eba\u3002\u5f53\u7ecf\u6d4e\u4e0d\u666f\u6c14\u65f6\uff0c\u8fd9\u4e2a\u6570\u5b57\u53ef\u4ee5\u662f\u8d1f\u6570\uff0c\u8868\u793a\u6709\u66f4\u591a\u7684\u5de5\u4eba\u5931\u4e1a\u3002\u5e02\u573a\u7684\u521d\u6b65\u53cd\u5e94\u5c06\u4e3b\u8981\u57fa\u4e8e\u975e\u519c\u5c31\u4e1a\u4eba\u6570\u5b9e\u9645\u53d8\u5316\u4e0e\u9884\u6d4b\u53d8\u5316\u4e4b\u95f4\u7684\u5dee\u5f02\u3002<\/p><p><strong>\u5931\u4e1a\u7387<\/strong><\/p><p>\u5931\u4e1a\u7387\u8861\u91cf\u5bfb\u6c42\u5de5\u4f5c\u7684\u5931\u4e1a\u4eba\u6570\u5360\u6574\u4e2a\u5e73\u6c11\u52b3\u52a8\u529b\u7684\u767e\u5206\u6bd4\u3002\u5931\u4e1a\u7387\u4e0a\u5347\u901a\u5e38\u88ab\u89e3\u91ca\u4e3a\u52b3\u52a8\u529b\u5e02\u573a\u548c\u6574\u4f53\u7ecf\u6d4e\u75b2\u8f6f\u7684\u8ff9\u8c61\u3002\u76f8\u53cd\uff0c\u5229\u7387\u4e0b\u964d\u88ab\u8ba4\u4e3a\u662f\u5c31\u4e1a\u5f62\u52bf\u548c\u7ecf\u6d4e\u7684\u79ef\u6781\u6307\u6807\u3002<\/p><p><strong>\u5e73\u5747\u65f6\u85aa\u548c\u6bcf\u5468\u5de5\u65f6<\/strong><\/p><p><em>\u5e73\u5747\u65f6\u85aa<\/em>\u00a0\u8861\u91cf\u5458\u5de5\u5de5\u8d44\u7684\u53d8\u5316\uff0c\u5e76\u88ab\u89c6\u4e3a\u6536\u5165\u662f\u4e0a\u5347\u8fd8\u662f\u4e0b\u964d\u4ee5\u53ca\u6d88\u8d39\u8005\u652f\u51fa\u5f71\u54cd\u7684\u6307\u6807\u3002\u00a0<em>\u5e73\u5747\u6bcf\u5468\u5de5\u4f5c\u65f6\u95f4<\/em>\u00a0\u8861\u91cf\u6bcf\u5468\u5e73\u5747\u5de5\u4f5c\u5c0f\u65f6\u6570\uff0c\u88ab\u89c6\u4e3a\u5bf9\u52b3\u52a8\u529b\u9700\u6c42\u7684\u7c97\u7565\u8861\u91cf\u3002\u589e\u52a0\u6bcf\u5468\u5de5\u4f5c\u65f6\u95f4\u88ab\u89c6\u4e3a\u5bf9\u52b3\u52a8\u529b\u5e02\u573a\u6709\u5229\u3002<\/p><h3>\u901a\u8d27\u81a8\u80c0<\/h3><p>\u8bd5\u56fe\u904f\u5236\u901a\u80c0\u7684\u592e\u884c\u653f\u7b56\u5236\u5b9a\u8005\u53ef\u80fd\u4f1a\u901a\u8fc7\u63d0\u9ad8\u5229\u7387\u6765\u5e94\u5bf9\u901a\u80c0\u4e0a\u5347\uff0c\u800c\u901a\u80c0\u6570\u636e\u653e\u7f13\u6216\u4e0b\u964d\u8868\u660e\u5229\u7387\u9884\u671f\u666e\u904d\u8f83\u4f4e\u3002\u901a\u8d27\u81a8\u80c0\u662f\u503a\u5238\u7684\u514b\u661f\u3002<\/p><p>\u5e02\u573a\u975e\u5e38\u5173\u6ce8\u4e24\u4e2a\u6570\u636e\uff0c\u5e76\u4e14\u901a\u5e38\u4f1a\u5bf9\u5b83\u4eec\u505a\u51fa\u654f\u611f\u7684\u53cd\u5e94\uff1a<\/p><ul><li><strong>\u6d88\u8d39\u7269\u4ef7\u6307\u6570 (CPI)<\/strong><br \/><br \/>CPI \u662f\u5927\u591a\u6570\u4eba\u7528\u6765\u8861\u91cf\u901a\u8d27\u81a8\u80c0\u7684\u6307\u6807\u3002 CPI \u8861\u91cf\u7684\u662f\u6d88\u8d39\u8005\u6216\u96f6\u552e\u5c42\u9762\u5177\u6709\u4ee3\u8868\u6027\u7684\u5546\u54c1\u548c\u670d\u52a1\u8d2d\u7269\u7bee\u7684\u6210\u672c\u2014\u2014\u6211\u4eec\u652f\u4ed8\u7684\u4ef7\u683c\u3002\u56e0\u6b64\uff0cCPI\u662f\u901a\u8d27\u81a8\u80c0\u7684\u6700\u540e\u9636\u6bb5\u3002<\/li><li><strong>\u4e2a\u4eba\u6d88\u8d39\u652f\u51fa\uff08PCE\uff09<\/strong><br \/><br \/>PCE \u4e0e CPI \u7c7b\u4f3c\uff0c\u5b83\u8861\u91cf\u7684\u662f\u6d88\u8d39\u8005\u5c42\u9762\u4e0a\u4e00\u63fd\u5b50\u5546\u54c1\u548c\u670d\u52a1\u4ef7\u683c\u7684\u53d8\u5316\u3002\u4f46 PCE \u662f\u7f8e\u8054\u50a8\u7684\u9996\u9009\u6307\u6807\uff0c\u4f5c\u4e3a\u5176\u4e3b\u8981\u901a\u80c0\u6307\u6807\u3002\u539f\u56e0\u662f\uff0cPCE \u7bee\u5b50\u4e2d\u5546\u54c1\u548c\u670d\u52a1\u7684\u6784\u6210\u6bd4 CPI \u66f4\u9891\u7e41\u5730\u53d8\u5316\uff0c\u53cd\u6620\u4e86\u4e0d\u65ad\u53d8\u5316\u7684\u6d88\u8d39\u8005\u54c1\u5473\u548c\u884c\u4e3a\u3002\u5f53\u7f8e\u8054\u50a8\u63d0\u53ca\u901a\u80c0\u76ee\u6807\u6216\u53ef\u5bb9\u5fcd\u7684\u901a\u80c0\u6c34\u5e73\u65f6\uff0c\u901a\u5e38\u6307\u7684\u662f\u6838\u5fc3 PCE \u6570\u636e\u3002 PCE \u662f\u7f8e\u8054\u50a8\u7684\u8861\u91cf\u6807\u51c6\uff0c\u5c3d\u7ba1\u5927\u591a\u6570\u4eba\u7684\u8861\u91cf\u6807\u51c6\u662f CPI\u3002<\/li><\/ul><h3>\u56fd\u5185\u751f\u4ea7\u603b\u503c (GDP)<\/h3><p>\u56fd\u5185\u751f\u4ea7\u603b\u503c (GDP) \u8861\u91cf\u4e00\u4e2a\u7ecf\u6d4e\u4f53\u8d85\u8fc7\u4e00\u4e2a\u5b63\u5ea6\u7684\u7ecf\u6d4e\u6d3b\u52a8\u603b\u91cf\uff0c\u5e76\u6839\u636e\u901a\u8d27\u81a8\u80c0\u8fdb\u884c\u8c03\u6574\u3002 GDP \u4ece\u4e00\u4e2a\u5b63\u5ea6\u5230\u4e0b\u4e00\u4e2a\u5b63\u5ea6\u7684\u767e\u5206\u6bd4\u53d8\u5316\u88ab\u89c6\u4e3a\u7ecf\u6d4e\u7684\u4e3b\u8981\u589e\u957f\u7387\u8861\u91cf\u6807\u51c6\u3002\u5982\u679c\u4eca\u5e74\u7b2c\u4e00\u5b63\u5ea6\u7684 GDP \u62a5\u544a\u4e3a\u6b63 0.25%\uff0c\u5219\u610f\u5473\u7740\u7b2c\u4e00\u5b63\u5ea6\u7684\u7ecf\u6d4e\u76f8\u5bf9\u4e8e\u524d\u7b2c\u56db\u5b63\u200b\u200b\u5ea6\u589e\u957f\u4e86 0.25%\u3002 GDP \u901a\u5e38\u4ee5\u5e74\u5316\u672f\u8bed\u8868\u793a\u3002\u8fd9\u610f\u5473\u7740 0.25% \u7684\u5b63\u5ea6 GDP \u589e\u957f\u5c06\u88ab\u62a5\u544a\u4e3a 1%\u00a0<em>\u5e74\u589e\u957f\u7387<\/em>\u00a0\u672c\u5b63\u5ea6\u3002\u4f7f\u7528\u5e74\u5316\u7387\u6709\u52a9\u4e8e\u6bd4\u8f83\u7ecf\u6d4e\u4f53\u4e4b\u95f4\u7684\u76f8\u5bf9\u589e\u957f\u3002\u56e0\u6b64\uff0c\u60a8\u83b7\u5f97\u7684 GDP \u6570\u5b57\u662f\u4ece\u5b63\u5ea6\u503c\u4e2d\u5f97\u51fa\u7684\u5e74\u5316\u767e\u5206\u6bd4\u3002<\/p><p>\u6240\u6709\u53d1\u8fbe\u7ecf\u6d4e\u4f53\u7684 GDP \u6bcf\u5b63\u5ea6\u62a5\u544a\u4e00\u6b21\uff0c\u56e0\u6b64\u5b83\u88ab\u89c6\u4e3a\u6574\u4f53\u7ecf\u6d4e\u589e\u957f\u7684\u5168\u5c40\u89c6\u56fe\u3002\u4e16\u754c\u94f6\u884c\u7b49\u5168\u7403\u673a\u6784\u7740\u624b\u8ba1\u7b97\u53d1\u8fbe\u7ecf\u6d4e\u4f53\u7684 GDP \u503c\u3002 GDP \u4e0d\u4f1a\u5f71\u54cd\u4efb\u4f55\u4e00\u79cd\u8d27\u5e01\uff0c\u4f46\u786e\u5b9e\u8868\u660e\u4e86\u4e16\u754c\u7ecf\u6d4e\u7684\u5065\u5eb7\u72b6\u51b5\u3002<\/p><p>\u5e02\u573a\u7684\u7ecf\u6d4e\u524d\u666f\u5c06\u5728\u5f88\u5927\u7a0b\u5ea6\u4e0a\u53d7\u5230 GDP \u62a5\u544a\u544a\u8bc9\u6211\u4eec\u7684\u5f71\u54cd\u3002\u597d\u4e8e\u9884\u671f\u7684\u589e\u957f\u53ef\u80fd\u4f1a\u5f15\u53d1\u5173\u4e8e\u9700\u8981\u63d0\u9ad8\u5229\u7387\u7684\u8ba8\u8bba\uff0c\u800c\u7a33\u5b9a\u6216\u653e\u7f13\u7684 GDP \u589e\u957f\u53ef\u80fd\u8868\u660e\u672a\u6765\u5c06\u5b9e\u65bd\u66f4\u5bbd\u677e\u7684\u8d27\u5e01\u653f\u7b56\u3002\u4f46 GDP \u62a5\u544a\u6db5\u76d6\u4e86\u76f8\u5bf9\u9065\u8fdc\u7684\u7ecf\u6d4e\u5386\u53f2\u3002\u4e00\u4e2a\u5b63\u5ea6\u7684 GDP \u62a5\u544a\u901a\u5e38\u4f1a\u5728\u4e0b\u4e2a\u5b63\u5ea6\u7684\u4e2d\u9014\u516c\u5e03\uff0c\u5e76\u56de\u987e\u4e09\u56db\u4e2a\u6708\u524d\u7684\u7ecf\u6d4e\u6d3b\u52a8\u3002\u56e0\u6b64\uff0c\u5e02\u573a\u9884\u671f\u4f1a\u6839\u636e\u4f20\u5165\u7684\u6570\u636e\u62a5\u544a\u4e0d\u65ad\u53d8\u5316\u3002\u56e0\u6b64\uff0c\u5f53\u60a8\u6536\u5230\u8fd9\u4e9b\u91cd\u8981\u7684\u5927\u6570\u636e\u53d1\u5e03\u4e4b\u4e00\u65f6\uff0c\u5b83\u5f80\u5f80\u4f1a\u4ea7\u751f\u77ed\u6682\u7684\u5e02\u573a\u5f71\u54cd\u3002\u65b0\u7684 GDP \u6570\u636e\u56de\u987e\u8fc7\u53bb\uff0c\u73b0\u5728\u6211\u4eec\u6709\u4e86\u65b0\u4fe1\u606f\uff0c\u8fd9\u4e9b\u4fe1\u606f\u5c06\u6784\u6210\u4e0b\u4e00\u6b21 GDP \u53d1\u5e03\u7684\u4e00\u90e8\u5206\u3002\u8fd9\u662f\u4e00\u4e2a\u91cd\u8981\u7684\u6570\u5b57\uff0c\u5b83\u7ecf\u5e38\u5f15\u8d77\u5267\u70c8\u6ce2\u52a8\uff0c\u4f46\u5e02\u573a\u6548\u5e94\u901a\u5e38\u662f\u77ed\u6682\u7684\u3002<\/p><h3>\u8d38\u6613\u548c\u7ecf\u5e38\u8d26\u6237\u4f59\u989d<\/h3><p>\u8d38\u6613\u548c\u7ecf\u5e38\u8d26\u6237\u4f59\u989d\u662f\u5916\u6c47\u5e02\u573a\u7684\u91cd\u8981\u62a5\u544a\uff0c\u5177\u6709\u76f4\u63a5\u548c\u6f5c\u5728\u7684\u957f\u671f\u8d27\u5e01\u5f71\u54cd\u3002<\/p><p><strong>\u8d38\u6613\u5e73\u8861<\/strong><\/p><p>\u8d38\u6613\u5e73\u8861\u8861\u91cf\u56fd\u5bb6\u51fa\u53e3\u548c\u8fdb\u53e3\u4e4b\u95f4\u7684\u5dee\u5f02\u3002\u5982\u679c\u4e00\u4e2a\u56fd\u5bb6\u7684\u8fdb\u53e3\u591a\u4e8e\u51fa\u53e3\uff0c\u5219\u79f0\u6709\u00a0<em>trade deficit<\/em>.\u5982\u679c\u4e00\u4e2a\u56fd\u5bb6\u51fa\u53e3\u591a\u4e8e\u8fdb\u53e3\uff0c\u5219\u79f0\u5176\u62e5\u6709\u00a0<em>trade surplus<\/em>.\u8d38\u6613\u4f59\u989d\u6309\u6708\u62a5\u544a\uff0c\u4e4b\u524d\u7684\u671f\u95f4\u53ef\u80fd\u4f1a\u8fdb\u884c\u4fee\u8ba2\u3002\u8d38\u6613\u5e73\u8861\u76ee\u524d\u88ab\u8ba4\u4e3a\u5f88\u91cd\u8981\uff0c\u5c24\u5176\u662f\u5bf9\u7f8e\u56fd\u800c\u8a00\uff0c\u5b83\u5e0c\u671b\u770b\u5230\u4e0d\u516c\u5e73\u7684\u5e73\u8861\u5f97\u5230\u7ea0\u6b63\uff0c\u5e76\u79ef\u6781\u8feb\u4f7f\u5176\u4e0e\u8d38\u6613\u4f19\u4f34\u7684\u5173\u7cfb\u53d1\u751f\u53d8\u5316\u3002\u5728\u7279\u6717\u666e\u603b\u7edf\u7684\u9886\u5bfc\u4e0b\uff0c\u6211\u4eec\u770b\u5230\u4e86\u8fd9\u79cd\u6781\u7aef\u60c5\u51b5\u3002<\/p><p><strong>\u5f80\u6765\u8d26\u6237\u4f59\u989d<\/strong><\/p><p>\u7ecf\u5e38\u8d26\u6237\u4f59\u989d\u662f\u8861\u91cf\u56fd\u9645\u8d38\u6613\u7684\u66f4\u5e7f\u6cdb\u6307\u6807\u3002\u5b83\u5305\u62ec\u91d1\u878d\u8f6c\u79fb\u4ee5\u53ca\u5546\u54c1\u548c\u670d\u52a1\u8d38\u6613\u3002\u7ecf\u5e38\u8d26\u6237\u4e5f\u6709\u8d64\u5b57\u6216\u76c8\u4f59\uff0c\u53cd\u6620\u51fa\u4e00\u4e2a\u56fd\u5bb6\u662f\u4e16\u754c\u5176\u4ed6\u56fd\u5bb6\u7684\u51c0\u501f\u6b3e\u4eba\u8fd8\u662f\u51c0\u8d37\u6b3e\u4eba\u3002\u7ecf\u5e38\u8d26\u6237\u8d64\u5b57\u7684\u56fd\u5bb6\u662f\u51c0\u989d\u00a0<em>\u501f\u6b3e\u4eba<\/em>\u00a0\u6765\u81ea\u4e16\u754c\u5176\u4ed6\u5730\u533a\uff0c\u90a3\u4e9b\u6709\u7ecf\u5e38\u8d26\u6237\u76c8\u4f59\u7684\u56fd\u5bb6\u662f\u51c0\u989d\u00a0<em>lenders<\/em>\u00a0\u81f4\u5168\u4e16\u754c\u3002\u7ecf\u5e38\u8d26\u6237\u62a5\u544a\u6bcf\u5b63\u5ea6\u53d1\u5e03\u4e00\u6b21\u3002\u7531\u4e8e\u6708\u5ea6\u8d38\u6613\u4f59\u989d\u5360\u7ecf\u5e38\u8d26\u6237\u4f59\u989d\u7684\u5927\u90e8\u5206\uff0c\u5e02\u573a\u5f80\u5f80\u5f88\u6e05\u695a\u7ecf\u5e38\u8d26\u6237\u6570\u636e\u7684\u9884\u671f\u3002\u7ecf\u6d4e\u5b66\u5bb6\u7684\u9884\u6d4b\u901a\u5e38\u662f\u6b63\u786e\u7684\u3002<\/p><h3>\u96f6\u552e\u9500\u552e<\/h3><p>\u96f6\u552e\u9500\u552e\u6570\u636e\u662f\u7f8e\u56fd\u4e2a\u4eba\u652f\u51fa\u7684\u4e3b\u8981\u6307\u6807\uff0c\u51e0\u4e4e\u6db5\u76d6\u4e86\u52a0\u6cb9\u7ad9\u6d88\u8d39\u3001\u5916\u51fa\u5c31\u9910\u548c\u8d2d\u7269\u65c5\u884c\u4e2d\u7684\u6240\u6709\u8d2d\u4e70\u884c\u4e3a\u3002\u96f6\u552e\u9500\u552e\u6309\u6807\u9898\u548c\u6838\u5fc3\u57fa\u7840\u62a5\u544a\u3002\u6838\u5fc3\u57fa\u7840\u4e0d\u5305\u62ec\u6c7d\u8f66\u91c7\u8d2d\u3002\u5e02\u573a\u9996\u5148\u5173\u6ce8\u6838\u5fc3\u6807\u9898\uff0c\u4ee5\u5904\u7406\u6d88\u8d39\u8005\u7684\u884c\u4e3a\u65b9\u5f0f\u3002\u6c7d\u8f66\u884c\u4e1a\u7684\u5f3a\u5f31\u4e5f\u5f88\u91cd\u8981\uff0c\u56e0\u4e3a\u5b83\u5728\u5236\u9020\u4e1a\u4e2d\u53d1\u6325\u7740\u91cd\u8981\u4f5c\u7528\u3002 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International Capital\uff09\u62a5\u544a\uff0c\u663e\u793a\u6bcf\u6708\u6d41\u5165\u6d41\u51fa\u52a0\u62ff\u5927\u7684\u51c0\u6295\u8d44\u3002\u9ad8\u6d41\u5165\u901a\u5e38\u652f\u6301 CAD\uff0c\u800c\u6d41\u51fa\u5f80\u5f80\u4f1a\u4f24\u5bb3\u5b83\u3002<\/p><h3>\u6fb3\u5927\u5229\u4e9a<\/h3><p>\u6fb3\u5927\u5229\u4e9a\u4e5f\u662f\u5546\u54c1\u5927\u56fd\u3002\u6fb3\u5143\u5bf9\u5168\u7403\u5927\u5b97\u5546\u54c1\u4ef7\u683c\u9ad8\u5ea6\u654f\u611f\uff0c\u53d7\u5168\u7403\u7ecf\u6d4e\u72b6\u51b5\u548c\u901a\u80c0\u5f15\u8d77\u7684\u4f9b\u9700\u5f71\u54cd\u3002\u5546\u54c1\u4ee5\u7f8e\u5143\u4ea4\u6613\u3002\u5f53\u4e00\u4e2a\u56fd\u5bb6\u4ece\u6fb3\u5927\u5229\u4e9a\u8d2d\u4e70\u8c37\u7269\u65f6\uff0c\u4ed6\u4eec\u5c06\u5c31\u9700\u8981\u53cc\u65b9\u5bf9\u51b2\u7684\u7f8e\u5143\u4ef7\u683c\u8fbe\u6210\u4e00\u81f4\u3002<\/p><h3>\u745e\u58eb<\/h3><p>\u745e\u58eb\u7684\u91cd\u8981\u7ecf\u6d4e\u6570\u636e\u62a5\u544a\u76f8\u5bf9\u8f83\u5c11\uff0c\u901a\u5e38\u7b26\u5408\u6807\u51c6\u7684\u7ecf\u6d4e\u6570\u636e\u96c6\u3002\u745e\u58eb\u6570\u636e\u5f80\u5f80\u5bf9\u6b27\u5143\u5151\u745e\u90ce\u5f71\u54cd\u6700\u5927\uff0c\u5c24\u5176\u662f\u5f53\u4e24\u4e2a\u7ecf\u6d4e\u4f53\u5728\u7ecf\u6d4e\u589e\u957f\u6216\u5229\u7387\u65b9\u9762\u4f3c\u4e4e\u5b58\u5728\u5dee\u5f02\u65f6\u3002<\/p><h3>\u65b0\u897f\u5170<\/h3><p>\u65b0\u897f\u5170\u7684\u8d22\u5bcc\u51fa\u5947\u5730\u91cd\u8981\uff0c\u56e0\u4e3a\u5b83\u7684\u57fa\u51c6\u5229\u7387\u6c34\u5e73\u76f8\u5bf9\u8f83\u9ad8\uff0c\u56e0\u6b64\u5728\u8bb8\u591a\u5957\u5229\u4ea4\u6613\u4e2d\u5360\u6709\u91cd\u8981\u5730\u4f4d\u3002\u5b83\u53d1\u5e03\u901a\u5e38\u7684\u4e00\u7ec4\u4e3b\u8981\u7ecf\u6d4e\u6570\u636e\u62a5\u544a\u3002\u5916\u6c47\u5206\u6790\u5e08\u548c\u4ea4\u6613\u5458\u5bc6\u5207\u5173\u6ce8\u8fd9\u4e2a\u5c0f\u7ecf\u6d4e\u4f53\u7684\u7ecf\u6d4e\u72b6\u51b5\uff0c\u56e0\u4e3a\u7528\u4e8e\u4e3a\u5bf9\u51b2\u57fa\u91d1\u63d0\u4f9b\u8d44\u91d1\u7684\u5957\u5229\u4ea4\u6613\u89c4\u6a21\u5de8\u5927\u3002\u591a\u5e74\u6765\uff0c\u65b0\u897f\u5170\u5143\u4e00\u76f4\u662f\u5957\u5229\u4ea4\u6613\u7684\u9996\u9009\u9ad8\u6536\u76ca\u65b9\uff0c\u56e0\u4e3a\u5176\u7a33\u5b9a\u5065\u5eb7\u7684\u7ecf\u6d4e\u88ab\u8ba4\u4e3a\u662f\u4f4e\u98ce\u9669\u4e70\u5165\u5957\u5229\u4ea4\u6613\u8005\u3002\u81f3\u5173\u91cd\u8981\u7684\u662f\uff0c\u4f5c\u4e3a\u9ad8\u6536\u76ca\u8d27\u5e01\u7684\u591a\u5934\u4ea4\u6613\u4e0d\u4f1a\u8d2c\u503c\uff0c\u56e0\u4e3a\u8fd9\u4f1a\u5e26\u8d70\u6536\u76ca\u4f18\u52bf\u3002\u5f53\u5229\u5dee\u4ea4\u6613\u53d8\u5f97\u8fc7\u5927\u4e14\u5355\u5411\u8c03\u6574\u6216\u5f53\u65b0\u897f\u5170\u8fd0\u6c14\u4e0d\u4f73\u65f6\uff0c\u7ebd\u5143\u53ef\u80fd\u4f1a\u975e\u5e38\u6ce2\u52a8\uff0c\u56e0\u6b64\u8bf7\u4fdd\u6301\u8b66\u60d5\u3002<\/p><p><strong>\u8d38\u6613\u5e73\u8861<\/strong><\/p><p>\u7531\u4e8e\u7ecf\u6d4e\u89c4\u6a21\u76f8\u5bf9\u8f83\u5c0f\u4ee5\u53ca\u8d38\u6613\u548c\u51fa\u53e3\u7684\u91cd\u8981\u6027\uff0c\u65b0\u897f\u5170\u7684\u8d38\u6613\u5e73\u8861\u81f3\u5173\u91cd\u8981\u3002<\/p><\/div>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div 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data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"has_eae_slider elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-ac73ed3 exad-glass-effect-no exad-sticky-section-no\" data-eae-slider=\"54065\" data-id=\"ac73ed3\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-7785835 exad-sticky-section-no exad-glass-effect-no elementor-widget elementor-widget-heading\" data-id=\"7785835\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">\u7acb\u5373\u5206\u4eab\uff1a<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"has_eae_slider elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-b8afcb9 exad-glass-effect-no exad-sticky-section-no\" data-eae-slider=\"61531\" data-id=\"b8afcb9\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-5492dee elementor-grid-0 exad-sticky-section-no exad-glass-effect-no elementor-widget elementor-widget-wpr-sharing-buttons\" data-id=\"5492dee\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"wpr-sharing-buttons.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"wpr-sharing-buttons elementor-grid wpr-sharing-official wpr-sharing-label-off wpr-sharing-icon-tr wpr-sharing-label-tr\"><div class=\"elementor-grid-item\"><a href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/edu.theliquidity.com\/ch\/liquidity-education\/what-is-fundamental-analysis\/\" class=\"wpr-sharing-icon wpr-sharing-facebook-f\" title=\"\" target=\"_blank\"><i class=\"fab fa-facebook-f\"><\/i><\/a><\/div><div class=\"elementor-grid-item\"><a href=\"https:\/\/twitter.com\/intent\/tweet?url=https:\/\/edu.theliquidity.com\/ch\/liquidity-education\/what-is-fundamental-analysis\/\" class=\"wpr-sharing-icon wpr-sharing-twitter\" title=\"\" target=\"_blank\"><i class=\"fab fa-twitter\"><\/i><\/a><\/div><div class=\"elementor-grid-item\"><a href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/edu.theliquidity.com\/ch\/liquidity-education\/what-is-fundamental-analysis\/&title=Chapter 5: What is Fundamental Analysis?&summary=Chapter 5 What is FundamentalAnalysis? Back to Liquidity Education 1. Forex 101 2. Trading platform and b&#8230; 3. Methods of making tra&#8230; 4. The Forex Market 5. What is Fundamental A&#8230; Exchange Rates Putting Fundamental Data&#8230; Market Moving Data US Economic Data 6. Technical Analysis 7. What to do to Improve&#8230; 8. Golden Rules for Succes The four major currency pairs account for about two-thirds of all the daily turnover in the foreign exchange market and are the most-watched barometers. The majors are EURUSD, USDJPY, GBPUSD and USDCHF. When we say the USD is strong or weak, we mean against these four currencies. If GBPUSD is strong and the other three are unchanged, then we can say it is GBP which is strong. All these currencies have individual drivers or fundamentals. It can be that the news (a fundamental) is good for the US and the USD moves up against the rest. In this case, it is the USD that is strong. Fundamentals can be news, economic data, interest rate changes, central bank actions and many other factors. But it is never correct to say that a particular fact will have a predictable and calculatable effect on the price. It depends on how the market perceives the news and that will determine how price reacts to it. However, we can say that well-managed currencies with strong fundamentals will be strong and desirable. A poorly managed economy with bad fundamentals will be punished against other currencies. Free Live or Demo Account Award-winning customer service 4\/5 Forex Peace Army Rating Register Remember, there are no hard and fast rules concerning market reaction to the news and economic data. The market may receive some good news, but the currency may fall when it is announced. This can because it was expected, and the market was positioned for it. The news was forecast to be good, so people had already bought in advance. Therefore, now the good news has been released there is no more good news due and there are profits to be taken, so it may fall. The news may be good but not as good as expected and therefore interpreted as disappointing good news. The market might then fall. Traders say, \u2018Buy the rumour and sell the fact\u2019. Do not forget that most news is expected. Economic releases are made on certain dates at certain times; elections occur and are not a surprise. The market expects almost all news which it has already priced in. Therefore, only when the actual news deviates from the expected news does the market make shocking price movements. Shocks There are other types of news which are not predictable and appear randomly: Presidential tweets, assassinations, adverse weather, terrorism, fraud, scandals. This type of news cannot be predicted and often result in violent short-term market moves. These are genuine market shocks (out of the blue) as opposed to expected market shocks (when a surprising piece of economic data was released on its due date). There is no time to prepare for these shocks, which can even be black swanevents. Exchange Rates On 1st January 1999, the Deutschmark, Italian lira, French franc, and nine other European currencies disappeared, and the euro was born. In adopting a single currency, the European Union (EU) members agreed to abide by fiscal policy constraints, which limited the ratio of national budget deficits to Gross Domestic Product (GDP). The nations also delegated monetary responsibility, setting interest rates to the newly founded European Central Bank (ECB). As an economic bloc, the eurozone roughly equals the US in both population and total GDP. This is the largest and most popular currency pair traded \u2013 EURUSD. The euro&#8217;s liquidity is unmatched in other currency pairs and it, therefore, has the narrowest of all spread between the Bid and the Ask prices. According to the latest BIS survey, EURUSD accounts for 28% of daily turnover. The trading is more than 150% greater than the next most active pair, USDJPY. The euro is the primary currency to respond to US news. If weak US economic data is reported, traders typically sell the dollar, but against what? Euro is the first choice because it is the next biggest currency and most liquid, allowing for easy entry and exit. Of course, the opposite is true if the news from the US is good. The EURUSD also reacts to European news. However, the most significant driver is US news, particularly in the European afternoon. In the European morning, the US dollar news and fundamentals are asleep: no economic news or Presidential Tweeting is going on. In the European afternoon session, both the euro and the US dollar can have news flows. There can be strong trending moves at that time of day. In the US afternoon, European news flow quiets, and from then on and through the night, the dollar dominates. US Dollar Economic Data and Influences The dollar rate reflects the dollar\u2019s fundamentals and economic data and the fundamentals and data of the currency it is paired with. It is the pivot in most currency pair trades. Usually, when you are trading currencies, you are taking two positions: one in the dollar and the opposite in the paired currency. The dollar is a big picture currency. Forex traders focus on interest rate differentials between currencies and monetary policy developments, economic growth and inflation data, political elections and developments in the US and the rest of the world, geopolitical risks, trade conflicts, and terrorist attacks, major developments and movements in other financial markets such as the stock market and oil. Sometimes the market wants to shy away from risk, and sometimes wants to embrace it. When the market feels confident, it will assume the risk. When the market is fearful, it will shy away from it and move towards safety. One of the best and most efficient instruments to achieve this is to sell or buy the mighty US dollar. The US dollar is the benchmark instrument which represents the&source=https:\/\/edu.theliquidity.com\/ch\/liquidity-education\/what-is-fundamental-analysis\/\" class=\"wpr-sharing-icon wpr-sharing-linkedin-in\" title=\"\" target=\"_blank\"><i class=\"fab fa-linkedin-in\"><\/i><\/a><\/div><div class=\"elementor-grid-item\"><a href=\"https:\/\/www.pinterest.com\/pin\/create\/button\/?url=https:\/\/edu.theliquidity.com\/ch\/liquidity-education\/what-is-fundamental-analysis\/&media=\" class=\"wpr-sharing-icon wpr-sharing-pinterest-p\" title=\"\" target=\"_blank\"><i class=\"fab fa-pinterest-p\"><\/i><\/a><\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"has_eae_slider elementor-section elementor-top-section elementor-element elementor-element-b854d98 elementor-section-stretched elementor-section-boxed elementor-section-height-default elementor-section-height-default exad-glass-effect-no wpr-particle-no wpr-jarallax-no wpr-parallax-no wpr-sticky-section-no wpr-equal-height-no exad-sticky-section-no\" data-eae-slider=\"28706\" data-id=\"b854d98\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;stretch_section&quot;:&quot;section-stretched&quot;,&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t\t<div class=\"elementor-background-overlay\"><\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-no\">\n\t\t\t\t\t<div class=\"has_eae_slider elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-8b938de exad-glass-effect-no exad-sticky-section-no\" data-eae-slider=\"80007\" data-id=\"8b938de\" data-element_type=\"column\" data-e-type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t<div class=\"elementor-background-overlay\"><\/div>\n\t\t\t\t\t\t<section class=\"has_eae_slider elementor-section elementor-inner-section elementor-element elementor-element-55210ac elementor-section-content-middle elementor-section-boxed elementor-section-height-default elementor-section-height-default exad-glass-effect-no wpr-particle-no wpr-jarallax-no wpr-parallax-no wpr-sticky-section-no wpr-equal-height-no exad-sticky-section-no elementor-invisible\" data-eae-slider=\"65603\" data-id=\"55210ac\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;animation&quot;:&quot;zoomIn&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-no\">\n\t\t\t\t\t<div class=\"has_eae_slider elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-664c377 exad-glass-effect-no exad-sticky-section-no\" data-eae-slider=\"3587\" data-id=\"664c377\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div 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elementor-size-default\">\u4e0e\u6211\u4eec\u4e00\u8d77\u8fdb\u5165\u5916\u6c47\u5e02\u573a<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"has_eae_slider elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-8724d34 exad-glass-effect-no exad-sticky-section-no\" data-eae-slider=\"50869\" data-id=\"8724d34\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-f9dd109 elementor-align-center exad-sticky-section-no exad-glass-effect-no elementor-widget elementor-widget-button\" data-id=\"f9dd109\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/direct.theliquidity.group\/auth\/register\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">\u767b\u8bb0<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"has_eae_slider elementor-section elementor-top-section elementor-element elementor-element-7502bc1 elementor-section-boxed elementor-section-height-default elementor-section-height-default exad-glass-effect-no wpr-particle-no wpr-jarallax-no wpr-parallax-no wpr-sticky-section-no wpr-equal-height-no exad-sticky-section-no\" data-eae-slider=\"89403\" data-id=\"7502bc1\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"has_eae_slider elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-1118208 exad-glass-effect-no exad-sticky-section-no\" data-eae-slider=\"50701\" data-id=\"1118208\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-5bad396 exad-sticky-section-no exad-glass-effect-no elementor-widget elementor-widget-spacer\" data-id=\"5bad396\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>","protected":false},"excerpt":{"rendered":"<p>Chapter 5 What is FundamentalAnalysis? Back to Liquidity Education 1. Forex 101 2. Trading platform and b&#8230; 3. Methods of making tra&#8230; 4. The Forex Market 5. What is Fundamental A&#8230; Exchange Rates Putting Fundamental Data&#8230; Market Moving Data US Economic Data 6. Technical Analysis 7. What to do to Improve&#8230; 8. Golden Rules for Succes The four major currency pairs account for about two-thirds of all the daily turnover in the foreign exchange market and are the most-watched barometers. The majors are EURUSD, USDJPY, GBPUSD and USDCHF. When we say the USD is strong or weak, we mean against these four currencies. If GBPUSD is strong and the other three are unchanged, then we can say it is GBP which is strong. All these currencies have individual drivers or fundamentals. It can be that the news (a fundamental) is good for the US and the USD moves up against the rest. In this case, it is the USD that is strong. Fundamentals can be news, economic data, interest rate changes, central bank actions and many other factors. But it is never correct to say that a particular fact will have a predictable and calculatable effect on the price. It depends on how the market perceives the news and that will determine how price reacts to it. However, we can say that well-managed currencies with strong fundamentals will be strong and desirable. A poorly managed economy with bad fundamentals will be punished against other currencies. Free Live or Demo Account Award-winning customer service 4\/5 Forex Peace Army Rating Register Remember, there are no hard and fast rules concerning market reaction to the news and economic data. The market may receive some good news, but the currency may fall when it is announced. This can because it was expected, and the market was positioned for it. The news was forecast to be good, so people had already bought in advance. Therefore, now the good news has been released there is no more good news due and there are profits to be taken, so it may fall. The news may be good but not as good as expected and therefore interpreted as disappointing good news. The market might then fall. Traders say, \u2018Buy the rumour and sell the fact\u2019. Do not forget that most news is expected. Economic releases are made on certain dates at certain times; elections occur and are not a surprise. The market expects almost all news which it has already priced in. Therefore, only when the actual news deviates from the expected news does the market make shocking price movements. Shocks There are other types of news which are not predictable and appear randomly: Presidential tweets, assassinations, adverse weather, terrorism, fraud, scandals. This type of news cannot be predicted and often result in violent short-term market moves. These are genuine market shocks (out of the blue) as opposed to expected market shocks (when a surprising piece of economic data was released on its due date). There is no time to prepare for these shocks, which can even be black swanevents. Exchange Rates On 1st January 1999, the Deutschmark, Italian lira, French franc, and nine other European currencies disappeared, and the euro was born. In adopting a single currency, the European Union (EU) members agreed to abide by fiscal policy constraints, which limited the ratio of national budget deficits to Gross Domestic Product (GDP). The nations also delegated monetary responsibility, setting interest rates to the newly founded European Central Bank (ECB). As an economic bloc, the eurozone roughly equals the US in both population and total GDP. This is the largest and most popular currency pair traded \u2013 EURUSD. The euro&#8217;s liquidity is unmatched in other currency pairs and it, therefore, has the narrowest of all spread between the Bid and the Ask prices. According to the latest BIS survey, EURUSD accounts for 28% of daily turnover. The trading is more than 150% greater than the next most active pair, USDJPY. The euro is the primary currency to respond to US news. If weak US economic data is reported, traders typically sell the dollar, but against what? Euro is the first choice because it is the next biggest currency and most liquid, allowing for easy entry and exit. Of course, the opposite is true if the news from the US is good. The EURUSD also reacts to European news. However, the most significant driver is US news, particularly in the European afternoon. In the European morning, the US dollar news and fundamentals are asleep: no economic news or Presidential Tweeting is going on. In the European afternoon session, both the euro and the US dollar can have news flows. There can be strong trending moves at that time of day. In the US afternoon, European news flow quiets, and from then on and through the night, the dollar dominates. US Dollar Economic Data and Influences The dollar rate reflects the dollar\u2019s fundamentals and economic data and the fundamentals and data of the currency it is paired with. It is the pivot in most currency pair trades. Usually, when you are trading currencies, you are taking two positions: one in the dollar and the opposite in the paired currency. The dollar is a big picture currency. Forex traders focus on interest rate differentials between currencies and monetary policy developments, economic growth and inflation data, political elections and developments in the US and the rest of the world, geopolitical risks, trade conflicts, and terrorist attacks, major developments and movements in other financial markets such as the stock market and oil. Sometimes the market wants to shy away from risk, and sometimes wants to embrace it. When the market feels confident, it will assume the risk. When the market is fearful, it will shy away from it and move towards safety. One of the best and most efficient instruments to achieve this is to sell or buy the mighty US dollar. The US dollar is the benchmark instrument which represents the<\/p>","protected":false},"author":1,"featured_media":0,"parent":1725,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-2629","page","type-page","status-publish","hentry","entry"],"rttpg_featured_image_url":null,"rttpg_author":{"display_name":"admin","author_link":"https:\/\/edu.theliquidity.com\/ch\/author\/admin\/"},"rttpg_comment":0,"rttpg_category":null,"rttpg_excerpt":"Chapter 5 What is FundamentalAnalysis? Back to Liquidity Education 1. Forex 101 2. Trading platform and b&#8230; 3. Methods of making tra&#8230; 4. The Forex Market 5. What is Fundamental A&#8230; Exchange Rates Putting Fundamental Data&#8230; Market Moving Data US Economic Data 6. Technical Analysis 7. What to do to Improve&#8230; 8. Golden Rules for&hellip;","_links":{"self":[{"href":"https:\/\/edu.theliquidity.com\/ch\/wp-json\/wp\/v2\/pages\/2629","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/edu.theliquidity.com\/ch\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/edu.theliquidity.com\/ch\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/edu.theliquidity.com\/ch\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/edu.theliquidity.com\/ch\/wp-json\/wp\/v2\/comments?post=2629"}],"version-history":[{"count":25,"href":"https:\/\/edu.theliquidity.com\/ch\/wp-json\/wp\/v2\/pages\/2629\/revisions"}],"predecessor-version":[{"id":3239,"href":"https:\/\/edu.theliquidity.com\/ch\/wp-json\/wp\/v2\/pages\/2629\/revisions\/3239"}],"up":[{"embeddable":true,"href":"https:\/\/edu.theliquidity.com\/ch\/wp-json\/wp\/v2\/pages\/1725"}],"wp:attachment":[{"href":"https:\/\/edu.theliquidity.com\/ch\/wp-json\/wp\/v2\/media?parent=2629"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}