周五，美国股市上涨，得益于强劲的就业报告和美中贸易紧张局势缓和的迹象，提振了投资者信心。标准普尔500指数上涨近1.5%，标志着其连续第九次上涨，也是20年来最长的连胜纪录。道琼斯指数飙升563点，连续第九个交易日上涨，纳斯达克指数上涨1.5%。4月非农就业人数增加17.7万人，超出预期，尽管关税存在不确定性，但增强了人们对劳动力市场的乐观情绪。北京对重启贸易谈判的开放态度进一步支撑了市场情绪，前提是美国降低关税。然而，盈利结果仍然喜忧参半——苹果股价在警告9亿美元的关税打击后下跌3.7%，而亚马逊在谨慎的指导下小幅下跌0.1%。埃克森美孚上涨0.4%，雪佛龙上涨1.7%。本周，标准普尔500指数上涨2.3%，道琼斯指数上涨2.5%，纳斯达克指数上涨2.7%。

US stocks rallied on Friday, fueled by a strong jobs report and signs of easing US-China trade tensions that boosted investor confidence. The S&P 500 rose nearly 1.5%, marking its ninth straight gain and its longest winning streak in two decades. The Dow Jones surged 563 points, also extending its rally to a ninth consecutive session, while the Nasdaq climbed 1.5%. April’s nonfarm payrolls rose by 177,000, beating expectations and reinforcing optimism about the labor market despite ongoing tariff uncertainty. Sentiment was further supported by Beijing's openness to renewed trade talks, contingent on the US reducing tariffs. However, earnings results remained mixed—Apple shares slipped 3.7% after warning of a $900 million tariff hit, while Amazon edged loer by 0.1% after cautious guidance. Exxon Mobil rose 0.4% and Chevron advanced 1.7% after posting their results. For the week, the S&P 500 rose 2.3%, the Dow added 2.5%, and the Nasdaq jumped 2.7%.

市场焦点将转向美国和中国之间潜在的关税谈判、美联储的利率决定、美联储官员随后的言论，以及一波第一季度财报。此外，关键数据包括ISM服务业采购经理人指数和外贸数据。在全球范围内，预计英国、巴西、波兰和挪威将做出利率决定。瑞士、土耳其、菲律宾、墨西哥和巴西的通胀数据将受到密切关注。加拿大将公布其劳动力市场报告以及贸易平衡数据，加拿大、法国、德国、巴西和中国还将公布其他贸易数据。与此同时，德国将公布工厂订单和工业生产数据，中国将报告服务业采购经理人指数和新的人民币贷款。

Market focus will turn to potential tariff negotiations between the U.S. and China, the Federal Reserve’s interest rate decision, and subsequent remarks from Fed officials, alongside a wave of Q1 earnings reports. Also, key data releases include the ISM Services PMI and foreign trade figures. Globally, interest rate decisions are expected from the UK, Brazil, Poland, and Norway. Inflation data will be closely watched in Switzerland, Turkey, the Philippines, Mexico, and Brazil. Canada will release its labour market report alongside trade balance figures, with additional trade data due from Canada, France, Germany, Brazil, and China. Meanwhile, Germany will publish factory orders and industrial production numbers, and China will report on services PMI and new yuan loans.

每周焦点——聚焦鲍威尔。美联储理事杰罗姆·鲍威尔将在下周再次成为焦点，即将于周三举行的FOCM会议上，人们普遍预计利率将保持不变（市场价格只有7%的降息可能性）。这可能会引起美国总统唐纳德·特朗普的愤怒，他本周重申“他应该降低利率”。

Weekly Focus – Powell in the Spotlight.Fed governor Jerome Powell will be in the spotlight again the coming week with the upcoming FOCM meeting on Wednesday where rates are widely expected to stay on hold (market prices only 7% probability of a rate cut). That is likely to draw the ire of US President Donald Trump who repeated this week that “he should reduce interest rates“.

美元预测：尽管美联储前景转变，就业报告强劲，但DXY仍下跌。由于强劲的就业数据缓和了美联储的降息预期，DXY指数下跌；交易员权衡关税风险，等待央行发出更明确的信号。

US Dollar Forecast: DXY Slips Despite Strong Jobs Report as Fed Outlook Shifts.DXY slips as strong payrolls data tempers Fed cut bets; traders weigh tariff risks and await clearer signals from the central bank.