尽管监管机构实施了更严格的规则并封锁可疑网站，骗子似乎从未黔驴技穷。他们不断以新域名和新骗局 卷土重来，目标始终如一——骗取毫无防备的交易者的钱。 我们之前的外汇黑名单获得了大量反馈，许多交易者确实非常关心安全，并希望在选择外汇经纪商时领先 骗子一步。 这就是我们在 2025 年准备了一份全新更新的外汇经纪商黑名单的原因。以下这些名称均被 2025 年多家金 融监管机构列入官方警示名单： ⊗ AffluenceFX：宣传自动交易和保证盈利 ⊗ AmeritForexTrade：承诺不切实际的回报 ⊗ APEX Capital Markets：克隆网站（不同域名却与原站点完全相同） ⊗ Astrofxoptions：保证快速回报 ⊗ AuroraStocks：伪造监管、提现问题 ⊗ Ava Capital Markets：克隆 AvaTrade 经纪商，伪造监管 ⊗ BitForexTrade：保证每周回报 ⊗ Bullion FX / BFX / Bully Pedex：宣传无风险交易 ⊗ DCC Invest：克隆网站 ⊗ Dynasty Trade：克隆网站 ⊗ EasyFxExchange：夸大利润 ⊗ ...

这种价格效应对贸易平衡有着直接的影响。另一方面，汇率波动还可能影响跨国公司的投资决策。企业在进行跨国投资 时，会考虑汇率风险，汇率的不稳定可能导致投资成本增加，影响企业的全球布局。在全球贸易中，外汇市场的联动效应 尤为重要。由于不同国家的货币政策、经济状况和政治环境的差异，汇率波动往往伴随着国际贸易的变动。例如，当一个 国家的经济表现强劲时，其货币可能会升值，这可能会抑制出口，但同时也会降低进口成本，从而刺激国内消费。这种联 动效应要求贸易参与者密切关注外汇市场动态，以便及时调整贸易策略。为了优化贸易策略，企业和政策制定者可以采取 多种措施。首先，通过多元化货币结算，可以降低单一货币波动带来的风险。其次，利用金融衍生品如期货和期权进行风 险对冲，可以保护企业免受不利汇率变动的影响。此外，政策制定者可以通过调整货币政策和财政政策来稳定汇率，从而 为国际贸易创造一个更加稳定的环境。总之，国际贸易与外汇市场之间的联动效应是全球经济中不可忽视的现象。汇率波 动对全球贸易有着深远的影响，而理解和利用这种联动效应，可以帮助企业和政策制定者更好地应对市场变化，优化贸易 策略，从而在全球经济中保持竞争力。随着全球经济的不断发 ...

Group 1 - Goldman Sachs predicts that if the credibility of the Federal Reserve is damaged, gold prices could approach $5,000 per ounce, with a baseline forecast of $4,000 by mid-2026 [1] - Morgan Stanley expects gold prices to reach $3,675 per ounce by the end of the year, driven by anticipated Fed rate cuts [1] - Citigroup forecasts silver prices to rise to $43 per ounce in the next few months due to tightening supply and growing investment demand [2] Group 2 - HSBC raised its S&P 500 index target for the end of the year to 6,500 points, citing strong corporate earnings and expectations of Fed rate cuts [2] - Goldman Sachs anticipates Brent crude oil prices to fall to just above $50 per barrel next year due to a global oil surplus [3] - Canadian Imperial Bank of Commerce indicates a bullish outlook for the USD/JPY currency pair, suggesting potential upward movement towards the 150 level [3] Group 3 - Citic Securities predicts that gold prices could exceed $3,730 per ounce by the end of the year, influenced by various economic factors [8] - Citic Securities also notes that the liquidity gap in September may narrow compared to August, indicating a stable monetary policy environment [8] - Citic Securities suggests that the 30-year mortgage rates in the U.S. have room to decline, but the extent may be limited [9]

Core Insights - The interconnection between international trade and the foreign exchange market has significant implications for the global economy [1][4] - Exchange rate fluctuations directly impact the prices of imported and exported goods, influencing trade balances and national competitiveness [1][3] Group 1: International Trade - International trade involves the exchange of goods and services between countries, with increasing complexity and interdependence due to globalization [1] - The scale of international trade has grown, reflecting deeper economic integration among nations [1] Group 2: Foreign Exchange Market - The foreign exchange market is the largest financial market globally, with daily trading volumes reaching trillions of dollars [1] - It allows investors to buy and sell currencies, aiming to profit from exchange rate movements [1] Group 3: Impact of Exchange Rate Fluctuations - Currency depreciation can lower the international price of a country's exports, potentially increasing export volumes and competitiveness [3] - Conversely, currency appreciation may reduce exports and increase imports, affecting trade deficits [3] - The linkage between exchange rates and trade flows operates through price mechanisms, income effects, and expectation effects [3] Group 4: Trade Strategy Optimization - Companies and policymakers should monitor foreign exchange market dynamics and implement risk management strategies, such as using financial derivatives [3] - Diversifying markets and products can help mitigate risks associated with exchange rate fluctuations [3] - Adjusting pricing strategies and optimizing supply chain management are also essential for adapting to currency volatility [3] Group 5: Role of Governments - Governments play a crucial role by formulating sound monetary and fiscal policies to stabilize national currencies and reduce negative impacts of exchange rate volatility on trade [3] - Participation in international cooperation and trade agreements can promote trade liberalization and enhance economic resilience [3][4] Group 6: Conclusion - Understanding the interlinked effects of international trade and the foreign exchange market is vital for effective trade strategies and sound economic policies [4] - Analyzing exchange rate impacts and implementing risk management measures can help maintain competitiveness and achieve sustainable development in the global economy [4]

Core Viewpoint - FPG Financial International emphasizes the importance of compliance regulation in ensuring a safe and transparent forex trading environment, which ultimately enhances investor confidence and market trust [1][20]. Group 1: Compliance and Regulation - FPG Financial International ensures trading transparency and security through a strict compliance regulatory framework, which enhances market trust [1]. - The company believes that a compliant platform effectively reduces trading risks while optimizing returns [1][20]. - Innovative compliance measures, including the use of blockchain and artificial intelligence, are employed to enhance trading security [1][19]. Group 2: Risk Management Strategies - Risk management strategies are crucial for maintaining trading stability, with stop-loss orders and diversified portfolios being effective methods to mitigate risks [2][9]. - Regular assessment and adjustment of risk exposure are necessary to adapt to market changes, ensuring better asset protection [9][12]. - The use of stop-loss and take-profit settings helps limit potential losses and secure profits, while diversification and leverage control further reduce overall investment risk [17]. Group 3: Platform Selection Criteria - When selecting a trading platform, regulatory qualifications and user reputation are critical factors to ensure investment safety [8][18]. - Transparency, trading costs, and quality of customer service significantly impact the trading experience [8][20]. - Compliance platforms provide potential benefits such as increased trading transparency and reduced risks, which are vital for informed investment decisions [8][20].

Core Insights - In July 2025, China's foreign exchange market (excluding foreign currency pairs) recorded a total transaction volume of 28.28 trillion RMB (approximately 3.96 trillion USD) [1] - The bank-to-client market accounted for 4.06 trillion RMB (about 0.57 trillion USD), while the interbank market had a transaction volume of 24.22 trillion RMB (around 3.39 trillion USD) [1] - The spot market saw a cumulative transaction of 9.47 trillion RMB (approximately 1.33 trillion USD), and the derivatives market had a total transaction of 18.81 trillion RMB (about 2.63 trillion USD) [1] - From January to July 2025, the cumulative transaction volume in China's foreign exchange market reached 179.15 trillion RMB (equivalent to 24.96 trillion USD) [1]

Core Viewpoint - In July, the US dollar experienced a significant rebound due to the Federal Reserve's decision to maintain interest rates and accelerated tariff negotiations with major trading partners, while the Chinese yuan faced downward pressure despite some support from the central bank's actions [1][2]. Exchange Rate Dynamics - The average daily trading volume in the interbank foreign exchange market reached $206.43 billion in July, maintaining above $200 billion for four consecutive months, with a year-on-year increase of 9.38% [2]. - The onshore yuan fluctuated within a narrow range of 7.1550 to 7.1860 at the beginning of July, followed by a slight appreciation, but ultimately depreciated by 0.38% to close at 7.1930 by the end of the month [2]. - The CFETS yuan index against a basket of currencies rose to 96.76, reflecting a 1.48% appreciation compared to the previous month [2]. Offshore and Onshore Yuan Discrepancy - In July, the offshore yuan shifted from a premium to a discount against the onshore yuan, with the average daily discrepancy being -14 basis points, indicating minimal deviation between the two rates [3]. - The first half of July saw a balanced buying and selling force in the spot market, but by the second half, there was a notable increase in demand for buying yuan, leading to an overall net buying position for the month [3]. Interest Rate Differentials - In July, the yield on 10-year US Treasury bonds rose from approximately 4.25% at the beginning of the month to a peak of 4.5% in mid-July, before settling at 4.37% by the end of the month [4][5]. - The interest rate differential between Chinese and US bonds widened slightly, ending the month at -271 basis points [5].

Core Viewpoint - The USD index remains stable but is highly sensitive to economic data and Federal Reserve policies, reflecting a tug-of-war between policy expectations and economic indicators [1][3]. Economic Data Impact - Employment data significantly influences the USD; recent revisions showed a decrease of 258,000 in non-farm payrolls for May and June, impacting market sentiment [3]. - If September's non-farm data indicates continued employment weakness, expectations for Federal Reserve rate cuts may increase, potentially pressuring the USD [3]. Federal Reserve Policy - Federal Reserve Chairman Powell's dovish remarks at the Jackson Hole meeting suggest that rate cuts remain a possibility amid slowing economic growth [3]. - The market anticipates a 25 basis point rate cut in the September meeting, with some officials suggesting a possibility of a 50 basis point cut if dovish sentiments prevail [3]. Technical Analysis - The short-term resistance for the USD index is identified at 98.45–98.50, with a key resistance zone at 98.80–98.85; a breakthrough could expand upward potential [4]. - Support levels are noted at 98.00–98.05 and more critically at 97.80–97.85; breaking these levels may trigger a technical correction [4]. - The USD is currently exhibiting a range-bound pattern between 98.00 and 98.80, with market volatility expected around key support and resistance levels [4].

Core Viewpoint - The document outlines the management system for forward foreign exchange settlement and sales at Zhejiang Hengtong Holdings Co., Ltd, aiming to standardize operations, mitigate foreign exchange risks, and ensure compliance with relevant laws and regulations [1][2]. Group 1: General Principles - The forward foreign exchange settlement and sales business is defined as contracts with banks to agree on future foreign exchange transactions, including currency, amount, exchange rate, and deadline [1]. - The system applies to the company and its subsidiaries, with subsidiaries requiring company approval for operations [1]. - The company must adhere to national laws and the internal regulations set forth in this document [1]. Group 2: Responsibilities and Approval Authority - The document specifies the responsibilities and approval authority for forward foreign exchange operations, including the need for shareholder approval in certain high-value transactions [1][2]. - Transactions requiring shareholder approval include those where the transaction margin exceeds 50% of the latest audited net profit or where the maximum contract value exceeds 50% of the latest audited net assets [1][2]. Group 3: Operational Principles - The company will not engage in foreign exchange trading solely for profit; all operations must be based on normal business activities and aimed at risk mitigation [2]. - Transactions are only permitted with qualified financial institutions approved by the State Administration of Foreign Exchange and the People's Bank of China [2]. - The foreign exchange amounts in contracts must not exceed the company's cautious forecasts of foreign currency receipts and payments [2]. Group 4: Management and Internal Procedures - The company president is responsible for the actual operation of forward foreign exchange business within the authorized scope [3]. - The finance department is tasked with the specific operations, including monitoring exchange rate trends and proposing business actions [3][4]. - A detailed internal process is established for transaction approval, execution, and monitoring, ensuring compliance and risk management [4][5]. Group 5: Information Disclosure and Record Management - The company must disclose forward foreign exchange business activities according to relevant regulations and report any significant risks within two trading days [6][7]. - All transaction documents and records must be maintained for a period of 10 years by the finance department [6][7]. Group 6: Compliance and Enforcement - Violations of the established system will result in accountability measures against responsible individuals [7]. - The system is subject to the constraints of Chinese laws and regulations, and any inconsistencies will defer to legal provisions [7].

Group 1 - The core difference between forex trading and stock trading lies in their operational models, with forex being a global decentralized market operating 24/7, while stock trading occurs on specific exchanges with fixed trading hours [1][2] - Forex trading involves currency pairs, focusing on predicting exchange rate fluctuations, whereas stock trading centers on individual company stocks, requiring analysis of financial health, industry outlook, and market competitiveness [2][3] - The cost structure differs significantly; forex trading costs are primarily made up of spreads and commissions, while stock trading incurs additional costs such as stamp duty and transfer fees [2][3] Group 2 - Forex trading follows a T+0 settlement system, allowing for same-day transactions and increased liquidity, while stock trading typically adheres to a T+1 settlement system, which restricts immediate fund movement [3] - Financial界 positions itself as a professional financial information service platform, providing comprehensive and timely financial news and tools to investors [3]