橡胶 (Rubber) 加自选

美联储决定前美元上涨：欧元/美元、英镑/美元、美元/加元、美元/日元分析。外汇交易员等待鲍威尔的评论，这将对市场动态产生重大影响。

U.S. Dollar Gains Some Ground Ahead Of Fed Decision: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY.Forex traders wait for Powell's comments, which will have a major impact on market dynamics.

周三，Ibovespa指数上涨0.4%，收于144500点以上，受美联储降息预期和主席杰罗姆·鲍威尔今天晚些时候评论的支撑。市场普遍预计将降息25个基点，使联邦基金利率降至4.00-4.25%。从历史上看，巴西股市在美国降息周期后表现强劲，国内板块在首次降息前领先，大宗商品随后反弹。在当地，预计Copom将把Selic保持在15%。在企业方面，GPA在宣布5亿雷亚尔私人融资计划后上涨4.6%，相当于其市值的25%左右。银行股上涨（Itaú上涨0.7%，Bradesco上涨0.7%），零售商股上涨（Magazine Luiza上涨4.2%，Casas Bahia上涨2.5%），而巴西国家石油公司上涨0.2%，淡水河谷（-0.3%）和CSN（-0.4%）下跌。

The Ibovespa rose 0.4% to trade above 144,500 on Wednesday, supported by expectations of a Fed rate cut and comments from Chair Jerome Powell later today. Markets widely anticipate a 25 bps cut, bringing the federal funds rate to 4.00–4.25%. Historically, Brazilian equities perform strongly after US cutting cycles, with domestic sectors leading before the first move and commodities rebounding afterward. Locally, the Copom is expected to hold the Selic at 15%. On the corporate front, GPA jumped 4.6% after announcing plans for a R$500 million private capital raise, equal to about 25% of its market value. Banks gained (Itaú +0.7%, Bradesco +0.7%), as did retailers (Magazine Luiza +4.2%, Casas Bahia +2.5%), while Petrobras added 0.2% and Vale (-0.3%) and CSN (-0.4%) slipped.

USD/JPY技术：日元预计将从5个月区间对美元出现中期牛市突破。在过去的四周里，美元兑几种主要货币大幅下跌，如欧元，欧元兑美元在9月16日星期二反弹至4年来的峰值，但美元兑日元的看跌势头滞后（见图1）。

USD/JPY Technical: Yen Eyeing a Medium-Term Bullish Breakout Against USD from a 5-month Range.In the last four weeks, the US dollar has weakened significantly against several major currencies, such as the euro, which rallied to a 4-year peak against the greenback on Tuesday, 16 September, but the bearish momentum of the US dollar has lagged against the Japanese yen (see Fig. 1).

通胀和日本央行会议前日元表现喜忧参半。在日本9月16日至17日格林尼治标准时间隔夜报告贸易逆差明显低于预期后，日元兑美元等一些货币总体上涨，而兑欧元和英镑等其他货币则下跌。

Mixed Performance by the Yen Ahead of Inflation and the BoJ's Meeting.After Japan reported a significantly smaller trade deficit than expected overnight GMT 16-17 September, the yen has gained overall against some currencies like the US dollar while losing ground against others like the euro and pound sterling.