政策与策略主导市场预期与技术搅动价格——2005年—2006年国际金融市场回顾与展望

Policy and Strategy Dominant in the Market,Expectation and Technique Stirring Prices——A Review of and Outlook at International Finance in 2005-2006

2005年,国际金融市场呈现出美元汇率逆反走强、股票市场背离预期、主要货币体的政策和价格竞争更为激烈、金融产品与资源产品价格错落起伏、石油和黄金价格双双创出新高并带动其他资源产品价格上涨等突出特点。展望2006年,国际金融市场仍将充满风险与挑战,美国因素将依然是国际金融市场关注的焦点,欧元潜在的风险乃至危机将更为严峻,美元汇率、石油价格和黄金价格走势将依然是国际金融市场价格变动的风向标。

In 2005, international fiancial market has taken on some outstanding features： US Dollar exchange appreciating stock market deviating from expectation; policy and price competition of main currencies became more fierce, prices of financial products and resource products were strewn at random; prices of petrol and gold have both reached a new rise , hence bringing a rise of other resource products. In 2006, risk and challenge will be full in international financial market. The USA factor will still be a focus of international financial market. Potential risks even crisis of Euro will be more serious. The USA exchange rate, petrol prices and gold prices and their tren will still be the direction signal for prices of international financial market.