Welcome to a new episode of the opening bid podcast. I'm Yahoo Finance executive editor Brian Sazi. Like I always say, this is a podcast will make you a smarter investor, period.And you're going to get smarter on all things uh economy here at this very pivotal moment for the US economy. Joining me now is Visa chief economist Wayne Best. Wayne, good to see you.It's been a while. Last time I saw you in our Yahoo headquarters in New York City, it came with a bunch of charts and tables. So, um, welcome back.App ...

周三沪深 A 股延续此前窄幅波动的走势，持续牛皮盘整，基本上一脉相承。从原因看，一方面， 上市公司年报和一季报业绩披露进入最后关头，场内资金出于规避或有风险的考虑，短线观望。同 时，"五一"小长假在即，鉴于近期外围市场波动较大，因此也增强了短线观望气氛。此外，月度宏观数 据开始披露，投资者对于经济数据的分析解读，也需要一定的时间，对盘面变化也需要一定地观察。 总体看，4 月份 A 股市场平稳收官，考虑到目前政策基调以稳为主，机构资金以及批量上市公司都 有增持回购方案，因此对节后市场有很好的承接能力，也为红五月打下坚实基础。 风险提示：消息面或海外市场表现超预期，流动性的不确定性。 展望后市：关注休市期间海外市场表现，关注 4 月份宏观经济数据。从盘口看，关注成交量变化以 及是否有超预期的科技题材利好，对下一阶段市场活跃，放量走强非常重要。 ...

Group 1: Major Currency Pairs - EUR/USD is influenced by the policy divergence between the Fed and ECB, with the Fed's aggressive rate hikes in 2022 boosting the dollar [1]. - Economic data comparisons such as GDP, CPI, and various economic indices are critical for EUR/USD analysis [1]. - Geopolitical risks, particularly the impact of the Russia-Ukraine conflict on European energy supply, affect the euro's performance [2]. - The USD/JPY pair is driven by the interest rate differential and the Bank of Japan's yield curve control policy, with adjustments in policy leading to significant currency movements [4][5]. - The USD/JPY is also affected by global risk sentiment, with a negative correlation to the VIX index [6]. - GBP/USD is shaped by the Bank of England's policy challenges, particularly balancing persistent inflation above 10% with recession risks [9]. - Post-Brexit trade issues and high energy prices further complicate the GBP/USD outlook [10][11]. Group 2: Commodity Currency Pairs - AUD/USD is primarily driven by commodity prices, especially iron ore, which constitutes 40% of Australia's exports [13]. - Changes in Chinese demand, particularly in real estate, significantly impact AUD/USD [14]. - The USD/CAD pair is influenced by oil prices, with Canada being the fourth-largest oil exporter globally [18]. - The Canadian economy's reliance on U.S. trade, with over 75% of exports going to the U.S., also plays a crucial role in USD/CAD dynamics [20]. Group 3: Safe-Haven Currency Pairs - USD/CHF is affected by European political risks, with the Swiss franc acting as a safe haven during crises [22]. - The Swiss economy's low inflation and high current account surplus support the long-term appreciation of the franc [23]. - Gold (XAU/USD) is influenced by geopolitical tensions and central bank gold purchases, with significant demand seen in 2022 [27]. Group 4: Emerging Market Currency Pairs - The USD/TRY pair is impacted by extreme inflation in Turkey, which exceeded 80% in 2023, alongside irrational monetary policy decisions [32]. - The Turkish lira's depreciation is exacerbated by insufficient foreign reserves covering less than three months of imports [33]. - Geopolitical risks related to Turkey's relations with the U.S. and Europe also affect investor confidence [34]. Group 5: Fundamental Analysis Tools - Economic indicators are prioritized differently for various currency pairs, with CPI differences and central bank decisions being top indicators for EUR/USD [36]. - Data release timings, such as U.S. non-farm payrolls and CPI, are critical for market volatility [37]. - A comprehensive analysis framework is essential for understanding the dynamics of currency pairs, focusing on both long-term structural factors and short-term events [46].