{"id":24225,"date":"2026-09-04T04:17:13","date_gmt":"2026-09-04T04:17:13","guid":{"rendered":"https:\/\/www.maxainasia.com\/?p=24225"},"modified":"2026-09-04T04:17:13","modified_gmt":"2026-09-04T04:17:13","slug":"daily-commentary-460","status":"publish","type":"post","link":"https:\/\/www.maxainasia.com\/zh_tw\/daily-commentary-460-20260904\/","title":{"rendered":"\u975e\u8fb2\u9810\u544a\uff1a\u5c31\u696d\u6578\u64da\u80fd\u7de9\u89e3\u5347\u606f\u6050\u61fc\u55ce\uff1f"},"content":{"rendered":"<ul class=\"wp-block-list has-text-color\" style=\"color: #f40307;\">\n<li><strong>\u96a8\u8457\u9031\u672b\u7684\u81e8\u8fd1\uff0c\u7126\u9ede\u8f49\u5411\u5b8f\u89c0\u6578\u64da\u4ee5\u53ca\u7f8e\u570b\u52de\u52d5\u5e02\u5834\u7684\u5f37\u52c1\u7a0b\u5ea6\u3002.<\/strong><\/li>\n<li><strong>8\u6708\u975e\u8fb2\u5c31\u696d\u5831\u544a\u5c07\u65bc\u9031\u4e94\u82f1\u570b\u590f\u4ee4\u6642\u959313:30\u516c\u4f48\uff0c\u5e02\u5834\u9810\u671f\u589e\u5e45\u70ba5.8\u842c\u4eba\u3002.<\/strong><\/li>\n<li><strong>\u9810\u8a08\u5931\u696d\u7387\u5c07\u7dad\u6301\u5728 4.1% \u4e0d\u8b8a\uff0c\u800c\u4e0a\u500b\u6708\u7684\u85aa\u8cc7\u6210\u9577\u7387\u5247\u9810\u671f\u5c07\u5f9e 3.2% \u7565\u5fae\u653e\u7de9\u81f3 3%\u3002.<\/strong><\/li>\n<\/ul>\n<p>\u672c\u5831\u544a\u53ef\u80fd\u53d7\u5230\u4e00\u4e9b\u4e00\u6b21\u6027\u56e0\u7d20\u7684\u5f71\u97ff\uff0c\u5176\u4e2d\u5305\u62ec\u8d85\u904e 30,000 \u540d\u5728\u7f8e\u570b\u751f\u6d3b\u7684\u6d77\u5730\u4eba\u5931\u53bb\u81e8\u6642\u4fdd\u8b77\u8eab\u4efd\u3002\u9019\u53ef\u80fd\u6703\u5f71\u97ff\u975e\u8fb2\u5c31\u696d\u6578\u64da\uff08NFP\uff09\uff0c\u5118\u7ba1\u5931\u696d\u7387\u61c9\u4e0d\u53d7\u5f71\u97ff\u3002\u7531\u65bc\u725b\u8089\u77ed\u7f3a\uff0c\u4e0a\u500b\u6708\u9084\u6709\u591a\u5bb6\u8089\u985e\u52a0\u5de5\u5ee0\u95dc\u9589\u3002\u70ba\u4e86\u62b5\u6d88\u5176\u4e2d\u90e8\u5206\u56e0\u7d20\uff0c\u6559\u80b2\u90e8\u9580\u7684\u5c31\u696d\u4eba\u6578\u5728 8 \u6708\u4efd\u4e0b\u964d\u5f8c\u61c9\u6703\u56de\u5347\uff0c\u9019\u662f\u5b63\u7bc0\u6027\u6a21\u5f0f\u7684\u4e00\u90e8\u5206\u3002\u5373\u4fbf\u5982\u6b64\uff0c\u9019\u5169\u500b\u4e00\u6b21\u6027\u56e0\u7d20\u4ecd\u53ef\u80fd\u5c0d\u975e\u8fb2\u5c31\u696d\u6578\u64da\u69cb\u6210\u58d3\u529b\uff0c\u4e26\u5b58\u5728\u6578\u64da\u610f\u5916\u4e0b\u884c\u7684\u98a8\u96aa\u3002.<\/p>\n<p>\u6295\u8cc7\u4eba\u5c07\u5bc6\u5207\u95dc\u6ce8\u9019\u4e9b\u6578\u64da\uff0c\u4ee5\u5224\u65b7\u5176\u5c0d\u806f\u6e96\u6703\u672a\u4f86\u8ca8\u5e63\u653f\u7b56\u6c7a\u7b56\u7684\u610f\u7fa9\u3002\u5145\u5206\u5c31\u696d\u662f\u806f\u6e96\u6703\u8077\u8cac\u7684\u4e00\u534a\uff0c\u5118\u7ba1\u65b0\u4efb\u4e3b\u5e2d\u51f1\u6587\u00b7\u6c83\u4ec0\u4e3b\u8981\u95dc\u6ce8\u901a\u81a8\u3002 \u51f1\u6587\u00b7\u6c83\u4ec0\u8f03\u4e0d\u95dc\u6ce8\u52de\u52d5\u529b\u5e02\u5834\u662f\u5408\u7406\u7684\uff0c\u82e5\u5931\u696d\u7387\u7dad\u6301\u5728 4.1%\uff0c\u9019\u4f4e\u65bc\u986f\u793a\u5145\u5206\u5c31\u696d\u7684\u6c34\u5e73\uff0c\u56e0\u6b64\u806f\u6e96\u6703\u7121\u9700\u63a1\u53d6\u884c\u52d5\u4f86\u63d0\u632f\u5c31\u696d\u5e02\u5834\u3002 \u56e0\u6b64\uff0c\u5118\u7ba1\u975e\u8fb2\u5c31\u696d\u5831\u544a\u5c0d\u6295\u8cc7\u8005\u800c\u8a00\u81f3\u95dc\u91cd\u8981\uff0c\u4f46\u6211\u5011\u8a8d\u70ba\u5c07\u65bc9\u670811\u65e5\u516c\u5e03\u76848\u6708\u6d88\u8cbb\u8005\u7269\u50f9\u6307\u6578\uff08CPI\uff09\u6578\u64da\uff0c\u5c07\u66f4\u6e05\u6670\u5730\u986f\u793a\u806f\u6e96\u6703\u672c\u6708\u7a0d\u665a\u662f\u5426\u6703\u5347\u606f\u3002.<\/p>\n<p>\u4eca\u5929\u52de\u52d5\u5e02\u5834\u5831\u544a\u4e2d\u7684\u85aa\u8cc7\u90e8\u5206\u61c9\u8a72\u6703\u986f\u793a\u85aa\u8cc7\u589e\u9577\u6b63\u5728\u653e\u6162\uff0c\u5118\u7ba1\u5931\u696d\u7387\u4f9d\u7136\u4fdd\u6301\u5728\u4f4e\u4f4d\u3002\u9019\u53ef\u80fd\u6703\u7de9\u89e3\u4e00\u4e9b\u5c0d\u7f8e\u570b\u901a\u81a8\u50f5\u56fa\u6027\u7684\u64d4\u6182\uff0c\u4e26\u53ef\u80fd\u4fc3\u4f7f\u806f\u6e96\u6703\u7684\u9d3f\u6d3e\u66f4\u6709\u5e95\u6c23\u5728\u4e0b\u6b21\u806f\u90a6\u516c\u958b\u5e02\u5834\u59d4\u54e1\u6703\uff08FOMC\uff09\u6703\u8b70\u4e0a\u6295\u7968\u53cd\u5c0d\u5347\u606f\u3002.<\/p>\n<p>\u7136\u800c\uff0c\u52de\u52d5\u529b\u5e02\u5834\u5831\u544a\u4e0d\u80fd\u55ae\u7368\u4f86\u770b\u3002\u806f\u6e96\u6703\u5c07\u6703\u628a\u9019\u4efd\u5831\u544a\u8996\u70ba\u4e00\u7cfb\u5217\u7d93\u6fdf\u6578\u64da\u7684\u4e00\u90e8\u5206\uff0c\u4ea4\u6613\u54e1\u4e5f\u61c9\u8a72\u5982\u6b64\u3002ISM\u670d\u52d9\u696d\u5831\u544a\u4e0a\u500b\u6708\u8868\u73fe\u5f37\u65bc\u9810\u671f\uff0c\u65b0\u8a02\u55ae\u6025\u5287\u4e0a\u5347\u3002\u4e0d\u904e\uff0c\u5c31\u696d\u5206\u9805\u6307\u6578\u4f9d\u7136\u6eab\u548c\uff0c\u9019\u5728\u4f4e\u62db\u8058\/\u4f4e\u89e3\u96c7\u7684\u74b0\u5883\u4e2d\u662f\u53ef\u4ee5\u9810\u671f\u7684\uff0c\u5c24\u5176\u662f\u7576\u52de\u52d5\u529b\u53c3\u8207\u7387\u4e5f\u5728\u4e0b\u6ed1\u7684\u6642\u5019\u3002.<\/p>\n<p>\u7e3d\u9ad4\u800c\u8a00\uff0c\u9019\u4efd\u5831\u544a\u4e0d\u6703\u5c31\u806f\u6e96\u6703\u5728 9 \u6708\u7a0d\u5f8c\u958b\u6703\u6642\u662f\u5426\u6703\u5347\u606f\u7d66\u6211\u5011\u4e00\u500b\u78ba\u5207\u7684\u7b54\u6848\uff0c\u4f46\u51fa\u4e4e\u610f\u6599\u7684\u6578\u64da\u5c0d\u91d1\u878d\u5e02\u5834\u800c\u8a00\u4ecd\u7136\u975e\u5e38\u91cd\u8981\u3002.<\/p>\n<p>\u76ee\u524d\u5e02\u5834\u9810\u4f30\u806f\u6e96\u6703\u672c\u6708\u5347\u606f\u7684\u6a5f\u7387\u70ba50%\uff0c\u8f03\u672c\u9031\u7a0d\u65e9\u768466%\u6709\u6240\u4e0b\u964d\u3002 \u9810\u671f\u964d\u6eab\u7684\u4e3b\u56e0\u5728\u65bcADP\u5c31\u696d\u5831\u544a\u6578\u64da\u5f31\u65bc\u9810\u671f\uff0c\u8a72\u5831\u544a\u986f\u793a\u79c1\u71df\u90e8\u9580\u65b0\u589e\u5c31\u696d\u5d17\u4f4d\u70ba3.8\u842c\u500b\uff0c\u4f4e\u65bc\u9810\u671f\u76844.7\u842c\u500b\u3002 \u82e5\u975e\u8fb2\u5c31\u696d\u6578\u64da\uff08NFP\uff09\u8868\u73fe\u75b2\u5f31\uff0c\u5e02\u5834\u5c0d\u5347\u606f\u7684\u9810\u671f\u53ef\u80fd\u6703\u9032\u4e00\u6b65\u88ab\u6d88\u5316\u3002\u6b63\u662f\u9019\u7a2e\u5347\u606f\u9810\u671f\u7684\u8f49\u8b8a\uff0c\u5c0e\u81f4\u5305\u62ec\u80a1\u7968\u548c\u50b5\u5238\u5728\u5167\u7684\u91d1\u878d\u5e02\u5834\u5728\u975e\u8fb2\u5c31\u696d\u5831\u544a\u516c\u5e03\u524d\u6301\u7e8c\u4e0a\u63da\u3002.<\/p>\n<p>\u82e5\u975e\u8fb2\u5c31\u696d\u6578\u64da\uff08NFP\uff09\u8868\u73fe\u4f4e\u65bc\u9810\u671f\uff0c\u53ef\u80fd\u89f8\u767c\u80a1\u5e02\u8207\u50b5\u5e02\u66f4\u5f37\u52c1\u4e14\u66f4\u6301\u4e45\u7684\u6f32\u52e2\uff0c\u56e0\u70ba\u7f8e\u570b\u516c\u50b5\u6b96\u5229\u7387\u6975\u53ef\u80fd\u56e0\u6b64\u4e0b\u8dcc\u3002\u6b64\u60c5\u6cc1\u4ea6\u53ef\u80fd\u58d3\u4f4e\u7f8e\u5143\u532f\u7387\uff0c\u4e26\u63d0\u632f\u65e5\u5713\u2014\u2014\u65e5\u5713\u9031\u56db\u5df2\u51fa\u73fe\u5927\u5e45\u4e0a\u6f32\u3002 \u5728\u53f2\u8003\u7279\u00b7\u8c9d\u68ee\u7279\uff08Scott Bessent\uff09\u8868\u793a\u5c07\u6566\u4fc3\u65e5\u672c\u592e\u884c\u5728\u672c\u6708\u7a0d\u5f8c\u7684\u6703\u8b70\u4e0a\u5347\u606f\u5f8c\uff0c\u7f8e\u5143\u514c\u65e5\u5713\u532f\u7387\u4e0b\u8dcc 2%\u3002.<\/p>\n<p>\u7136\u800c\uff0c\u82e5\u5e02\u5834\u5c0d\u5229\u7387\u7684\u9810\u671f\u904e\u5ea6\u4e0b\u964d\uff0c\u91d1\u50f9\u53ef\u80fd\u6703\u4e0a\u6f32\u3002\u904e\u53bb\u4e00\u500b\u6708\u4f86\uff0c\u91d1\u50f9\u8868\u73fe\u5f37\u52c1\uff0c\u5118\u7ba1\u81ea\u51f1\u6587\u00b7\u6c83\u4ec0\uff08Kevin Warsh\uff09\u5728\u5091\u514b\u68ee\u970d\u723e\u767c\u8868\u9df9\u6d3e\u6f14\u8aaa\u4ee5\u4f86\uff0c\u91d1\u50f9\u6ce2\u52d5\u6027\u6709\u6240\u589e\u52a0\u3002 \u5728\u975e\u8fb2\u5c31\u696d\u5831\u544a\u51fa\u7210\u524d\uff0c\u91d1\u50f9\u6b63\u5f37\u52e2\u4e0a\u6f32\uff0c\u9031\u56db\u55ae\u65e5\u98c6\u5347\u903e2%\uff0c\u76ee\u524d\u4ea4\u6613\u50f9\u683c\u5df2\u7ad9\u4e0a$4500\u3002\u82e5\u91d1\u50f9\u9032\u4e00\u6b65\u4e0a\u6f32\uff0c200\u65e5\u79fb\u52d5\u5e73\u5747\u7dda$4542\u5c07\u6210\u70ba\u4e0b\u4e00\u500b\u76ee\u6a19\u3002 \u82e5\u80fd\u7a81\u7834\u8a72\u6c34\u5e73\uff0c\u5c07\u662f\u770b\u6f32\u7684\u8a0a\u865f\uff0c\u70ba\u5f8c\u7e8c\u6f32\u52e2\u958b\u555f\u5927\u9580\u3002.<\/p>\n<p>\u53cd\u4e4b\u4ea6\u7136\u3002\u4e00\u4efd\u5f37\u52c1\u7684\u975e\u8fb2\u5c31\u696d\u5831\u544a\u53ef\u80fd\u6703\u63d0\u9ad89\u670816\u65e5\u5347\u606f\u7684\u6a5f\u7387\uff0c\u9019\u53ef\u80fd\u6703\u5c0d\u91d1\u50f9\u69cb\u6210\u58d3\u529b\uff0c\u63a8\u52d5\u7f8e\u5143\u514c\u65e5\u5713\u91cd\u56de160\u9644\u8fd1\uff0c\u4e26\u5c0d\u50b5\u5238\u548c\u80a1\u5e02\u9020\u6210\u4e0b\u884c\u58d3\u529b\u3002.<\/p>\n<p>\u5f9e\u6280\u8853\u5c64\u9762\u4e0a\u4f86\u770b\uff0c\u7d0d\u65af\u9054\u514b100\u6307\u6578\u5728\u4eca\u5929\u7a0d\u5f8c\u4e5f\u503c\u5f97\u95dc\u6ce8\uff0c\u6b64\u524d\u8a72\u6307\u6578\u7684\u52d5\u80fd\u5df2\u958b\u59cb\u653e\u7de9\u3002\u5b83\u5728\u904e\u53bb\u5169\u5929\u6709\u6240\u56de\u5347\uff0c\u4f46\u5177\u8af7\u523a\u610f\u5473\u7684\u662f\uff0c\u4e00\u4efd\u80fd\u7de9\u89e3\u806f\u6e96\u6703\u5347\u606f\u58d3\u529b\u7684\u75b2\u5f31\u975e\u8fb2\u5c31\u696d\u5831\u544a\uff0c\u53ef\u80fd\u6703\u89f8\u767c\u7f8e\u570b\u4e3b\u8981\u79d1\u6280\u80a1\u6307\u6578\u7684\u65b0\u4e00\u8f2a\u6f32\u52e2\u3002.<\/p>\n<p>MACD \u548c RSI \u7b49\u6280\u8853\u6307\u6a19\u5c0d\u90a3\u65af\u9054\u514b 100 \u6307\u6578\u5f62\u6210\u652f\u6490\uff0c\u8a72\u6307\u6578\u76ee\u524d\u8ddd\u96e2 6 \u6708\u4efd\u5275\u4e0b\u7684\u6b77\u53f2\u9ad8\u9ede\u50c5\u6709 5.5% \u7684\u5dee\u8ddd\u3002 \u4f4d\u65bc29,377\u9ede\u768450\u65e5\u79fb\u52d5\u5e73\u5747\u7dda\u6b63\u767c\u63ee\u77ed\u671f\u652f\u6490\u4f5c\u7528\uff0c\u82e5\u80fd\u679c\u65b7\u7a81\u7834\u6b64\u6c34\u5e73\uff0c\u5c07\u5c0d\u8a72\u6307\u6578\u69cb\u6210\u770b\u6f32\u8a0a\u865f\u3002.<\/p>\n<figure class=\"wp-block-image size-large\"><img fetchpriority=\"high\" decoding=\"async\" class=\"wp-image-24227\" src=\"https:\/\/www.maxainasia.com\/wp-content\/uploads\/2026\/09\/chart-1-2026-09-04-1024x420.jpg\" alt=\"Gold chart\" width=\"1024\" height=\"420\" srcset=\"https:\/\/www.maxainasia.com\/wp-content\/uploads\/2026\/09\/chart-1-2026-09-04-1024x420.jpg 1024w, https:\/\/www.maxainasia.com\/wp-content\/uploads\/2026\/09\/chart-1-2026-09-04-300x123.jpg 300w, https:\/\/www.maxainasia.com\/wp-content\/uploads\/2026\/09\/chart-1-2026-09-04-768x315.jpg 768w, https:\/\/www.maxainasia.com\/wp-content\/uploads\/2026\/09\/chart-1-2026-09-04-1536x630.jpg 1536w, https:\/\/www.maxainasia.com\/wp-content\/uploads\/2026\/09\/chart-1-2026-09-04-18x7.jpg 18w, https:\/\/www.maxainasia.com\/wp-content\/uploads\/2026\/09\/chart-1-2026-09-04.jpg 1920w\" sizes=\"(max-width: 767px) 89vw, (max-width: 1000px) 54vw, (max-width: 1071px) 543px, 580px\" \/><figcaption class=\"wp-element-caption\">\u5716\u8868 1\uff1a\u9ec3\u91d1\u50f9\u683c\uff0c\u95dc\u9375\u963b\u529b\u4f4d\u5373\u5c07\u5230\u4f86\u00a0<\/figcaption><\/figure>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" class=\"wp-image-24228\" src=\"https:\/\/www.maxainasia.com\/wp-content\/uploads\/2026\/09\/chart-2-2026-09-04-1024x420.jpg\" alt=\"Nasdaq 100 chart\" width=\"1024\" height=\"420\" srcset=\"https:\/\/www.maxainasia.com\/wp-content\/uploads\/2026\/09\/chart-2-2026-09-04-1024x420.jpg 1024w, https:\/\/www.maxainasia.com\/wp-content\/uploads\/2026\/09\/chart-2-2026-09-04-300x123.jpg 300w, https:\/\/www.maxainasia.com\/wp-content\/uploads\/2026\/09\/chart-2-2026-09-04-768x315.jpg 768w, https:\/\/www.maxainasia.com\/wp-content\/uploads\/2026\/09\/chart-2-2026-09-04-1536x630.jpg 1536w, https:\/\/www.maxainasia.com\/wp-content\/uploads\/2026\/09\/chart-2-2026-09-04-18x7.jpg 18w, https:\/\/www.maxainasia.com\/wp-content\/uploads\/2026\/09\/chart-2-2026-09-04.jpg 1920w\" sizes=\"(max-width: 767px) 89vw, (max-width: 1000px) 54vw, (max-width: 1071px) 543px, 580px\" \/><figcaption class=\"wp-element-caption\">\u5716\u8868 2\uff1a\u7d0d\u65af\u9054\u514b\u6307\u6578\uff0c\u662f\u5426\u5373\u5c07\u5275\u4e0b\u6b77\u53f2\u65b0\u9ad8\uff1f\u00a0<\/figcaption><\/figure>","protected":false},"excerpt":{"rendered":"<p>As we move to the end of the week, the focus shifts to the macro data, and to the strength of the labour market in the US. August payrolls are released on Friday at 1330 BST, and the market is expecting a reading of 58k. The unemployment rate is expected to remain steady at 4.1% &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.maxainasia.com\/zh_tw\/daily-commentary-460-20260904\/\" class=\"more-link\">\u95b1\u8b80\u5168\u6587<span class=\"screen-reader-text\">\u3008NFP preview: Can jobs data ease rate hike fears?\u3009<\/span><\/a><\/p>","protected":false},"author":5,"featured_media":17233,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[],"class_list":["post-24225","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily-commentary"],"_links":{"self":[{"href":"https:\/\/www.maxainasia.com\/zh_tw\/wp-json\/wp\/v2\/posts\/24225","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.maxainasia.com\/zh_tw\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.maxainasia.com\/zh_tw\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.maxainasia.com\/zh_tw\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/www.maxainasia.com\/zh_tw\/wp-json\/wp\/v2\/comments?post=24225"}],"version-history":[{"count":3,"href":"https:\/\/www.maxainasia.com\/zh_tw\/wp-json\/wp\/v2\/posts\/24225\/revisions"}],"predecessor-version":[{"id":24230,"href":"https:\/\/www.maxainasia.com\/zh_tw\/wp-json\/wp\/v2\/posts\/24225\/revisions\/24230"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.maxainasia.com\/zh_tw\/wp-json\/wp\/v2\/media\/17233"}],"wp:attachment":[{"href":"https:\/\/www.maxainasia.com\/zh_tw\/wp-json\/wp\/v2\/media?parent=24225"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.maxainasia.com\/zh_tw\/wp-json\/wp\/v2\/categories?post=24225"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.maxainasia.com\/zh_tw\/wp-json\/wp\/v2\/tags?post=24225"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}