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聚焦傑克遜霍爾、輝達財報與 PCE 數據

Ultima Markets 每日市場展望 – 2026年8月24日

重磅催化劑登場前夕;全市場交投預計維持平穩

回顧上週盤面,美債長期收益率攀升擠壓風險情緒,導致美股大盤與美元同步走弱,而現貨黃金則在避險資金支撐下逆勢走強。進入本週,隨著輝達財報、傑克遜霍爾央行年會及 7 月核心 PCE 通脹數據接踵而至,全球金融市場正步入夏末最為關鍵的一週:

  • 輝達財報: 將直接反映科技巨頭及人工智慧(AI)交易情緒的整體前景。
  • 傑克遜霍爾央行年會: 市場將從中尋覓 9 月政策路徑及聯準會未來巨觀展望的線索。
  • PCE 通脹與 GDP 數據: 作為決定市場對聯準會 9 月利率決議預期的核心依據。

對於週一盤面而言,由於本日巨觀數據日曆較為清淡,全市場交投預計維持平穩。在重磅事件登場前,短線盤面或呈現階段性修正與技術性整固形態。

外匯、大宗商品與美股展望

美元指數:跌破 99.00 支撐位,下行偏向持續

美元指數在發生技術性破位後,整體結構依然承壓。不過,由於近期 98.50 支撐位顯現並伴隨強勁的短線走勢,日內預計將迎來一定程度的反彈。

USDX, H2 Chart | Ultima Markets MT5

美元指數先前已大幅下破 99.00 關鍵心理支撐位,維持明確的下行偏向。技術面上,即時下行支撐位於 98.50,且價格走勢顯示出短線反彈的動能,而上方阻力已轉移至 99.00 區域。

只要美元指數持續受制於主要阻力下方,交易員應密切關注短線日內反彈作為逢高做空(Sell-on-rally)布局的機會。

美股展望:週五反彈提供喘息,長端收益率高企令技術面維持謹慎

美股大盤上週五收高,但美債收益率的走高依然限制了整體估值的修復空間。

美股週五的反彈提供了短期喘息空間,但長端收益率高企持續令整體技術面維持謹慎橫盤格局。在重磅企業財報與聯準會政策表態明確巨觀前景之前,包括納斯達克 100 指數在內的主要股指預計將維持區間整固形態。

NAS100, H4 Chart | Ultima Markets MT5

技術面上,納斯達克 100 指數繼續運行於 29,700 – 30,000 阻力區域下方,維持其近期下行趨勢完好。雖然 29,200提供了即時支撐,但若下破該位置,近期展望將繼續偏向下行。

此外,當前的巨觀逆風依然不利於美股(特別是科技板塊)。市場將關注即將公布的輝達財報能否緩解這一壓力。

黃金:強勁突破 $4,500 關口,看漲格局確認

受收益率動態及避險配置支撐,貴金屬市場繼續展現強勁的結構性動能。黃金強勁突破 $4,500 心理關口,確認了其更廣泛的看漲結構。

XAUUSD, H2 Chart | Ultima Markets MT5

技術面上,$4,500 – $4,535 區間現已轉化為核心結構性支撐區,而 $4,600 附近的心理關口可作為逢低布局參考,進一步上行拓展目標指向 $4,700。

市場總結與今日關注焦點

由於今日缺乏重磅巨觀經濟催化劑,全球市場預計將在現有技術區間內平穩交投,靜待週中重磅事件。

今日重點關注:

  • 美元指數 99.00 附近表現: 監測日內重測 99.00 作為新阻力的有效性,並觀察 98.50 處的反彈動能是否消退。
  • 黃金 $4,500–$4,535 支撐地板: 關注 $4,500 上方的逢低買入興趣,以維持向 $4,600 和 $4,700 延伸的多頭波段。
  • 納斯達克 100 29,700–30,000 阻力區: 跟蹤科技股賣盤能否維持在 30,000 下方的控制力,或測試 29,200 支撐。
  • 美債收益率走勢: 觀察長端國債收益率是否維持高位,進而對股票估值施加持續壓力。
  • 重磅事件前的倉位調整: 跟蹤全市場在週中輝達財報及傑克遜霍爾會議前的整體風險偏好。

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