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宏观策略(黄金)
中国2026年1月末黄金储备报7419万盎司
周五贵金属先跌后涨最终大幅反弹,CME上调保证金的影响基本消化,抄底资金出现,贵金属整体波动仍然偏高,尤其是白银。美伊第一轮谈判结束,后续将继续谈判。

宏观策略(外汇期货(美元指数))
美伊结束在阿曼间接谈判 导弹与核问题分歧待解
美伊谈判结束,目前没有达成协议,地缘局面依旧处于复杂状态,美元指数震荡。

宏观策略(股指期货)
国常会:研究促进有效投资政策措施
股市成交缩量,节前机会相对较小。近期值得关注的是通胀数据,尤其是大宗涨价对下游的传导。若通胀走高、结构良好,则今年宏观或可高看一线。

黑色金属(螺纹钢/热轧卷板)
1月中国挖掘机销量18708台,同比增长49.5%
近期金属价格大幅回落,加之累库带来的现货端压力,都导致钢价承压。不过春节前钢价的回落也使得贸易商情绪更为谨慎。预计节前钢价弱势运行,轻仓关注风险。

色金属(铜)
巴西关键矿产投资热潮涌动
宏观影响因素短期复杂多变或加剧铜价波动,基本面短期因素有待进一步确认,预计铜价短期震荡运行为主,策略上建议逢低布局中线多单。

能源化工(原油)
美国石油钻机数量上升
油价偏强震荡。周五美伊谈判后双方表态愿意继续推进谈判,短期升级成军事冲突的可能性下降,但仍需关注后续进展。

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