{"id":524,"date":"2025-04-25T13:46:49","date_gmt":"2025-04-25T13:46:49","guid":{"rendered":"https:\/\/oneroyal.academy\/?p=524"},"modified":"2025-06-27T12:27:35","modified_gmt":"2025-06-27T12:27:35","slug":"fundamental-analysis-for-currencies","status":"publish","type":"post","link":"https:\/\/www.oneroyal.academy\/vi\/learn-the-markets\/fundamental-analysis-for-currencies\/","title":{"rendered":"Ph\u00e2n t\u00edch c\u01a1 b\u1ea3n cho ti\u1ec1n t\u1ec7"},"content":{"rendered":"

Khi n\u00f3i \u0111\u1ebfn ti\u1ec1n t\u1ec7, lu\u00f4n c\u00f3 m\u1ed9t c\u00e2u h\u1ecfi l\u1edbn:<\/p>\n

\u0110i\u1ec1u g\u00ec l\u00e0m cho m\u1ed9t lo\u1ea1i ti\u1ec1n t\u1ec7 c\u00f3 gi\u00e1 tr\u1ecb h\u01a1n lo\u1ea1i ti\u1ec1n t\u1ec7 kh\u00e1c?<\/h3>\n

Suy cho c\u00f9ng, h\u1ea7u h\u1ebft c\u00e1c lo\u1ea1i ti\u1ec1n t\u1ec7 \u0111\u1ec1u ch\u1ec9 l\u00e0 ti\u1ec1n gi\u1ea5y v\u00e0 ti\u1ec1n k\u1ef9 thu\u1eadt s\u1ed1. V\u1eady t\u1ea1i sao lo\u1ea1i n\u00e0y l\u1ea1i v\u01b0\u1ee3t tr\u1ed9i h\u01a1n lo\u1ea1i kia?<\/p>\n

L\u00fd thuy\u1ebft c\u01a1 b\u1ea3n r\u1ea5t \u0111\u01a1n gi\u1ea3n:<\/p>\n

N\u1ec1n kinh t\u1ebf c\u1ee7a m\u1ed9t qu\u1ed1c gia c\u00e0ng m\u1ea1nh th\u00ec \u0111\u1ed3ng ti\u1ec1n c\u1ee7a qu\u1ed1c gia \u0111\u00f3 c\u00e0ng m\u1ea1nh.<\/strong><\/p>\n

\u0110\u1ec3 \u0111o l\u01b0\u1eddng s\u1ee9c m\u1ea1nh (v\u00e0 ti\u1ec1m n\u0103ng t\u01b0\u01a1ng lai) c\u1ee7a m\u1ed9t n\u1ec1n kinh t\u1ebf, c\u00e1c nh\u00e0 giao d\u1ecbch theo d\u00f5i c\u00e1c ch\u1ec9 s\u1ed1 kinh t\u1ebf<\/strong> \u0111\u01b0\u1ee3c ph\u00e1t h\u00e0nh th\u01b0\u1eddng xuy\u00ean. D\u01b0\u1edbi \u0111\u00e2y l\u00e0 m\u1ed9t s\u1ed1 quan tr\u1ecdng nh\u1ea5t<\/strong> nh\u1eefng \u0111i\u1ec1u c\u1ea7n ch\u00fa \u00fd:<\/p>\n

B\u1ea3ng l\u01b0\u01a1ng phi n\u00f4ng nghi\u1ec7p (NFP) \u2013 Ch\u1ec9 d\u00e0nh cho Hoa K\u1ef3<\/h2>\n

Ng\u00e0y ph\u00e1t h\u00e0nh: Th\u1ee9 s\u00e1u \u0111\u1ea7u ti\u00ean c\u1ee7a m\u1ed7i th\u00e1ng
\n\u0110\u00e2y l\u00e0 d\u1eef li\u1ec7u quan tr\u1ecdng v\u1ec1 t\u0103ng tr\u01b0\u1edfng vi\u1ec7c l\u00e0m c\u1ee7a Hoa K\u1ef3. cao h\u01a1n mong \u0111\u1ee3i<\/strong> S\u1ed1 li\u1ec7u NFP b\u00e1o hi\u1ec7u s\u1ef1 m\u1edf r\u1ed9ng kinh t\u1ebf th\u01b0\u1eddng l\u00e0m t\u0103ng gi\u00e1 \u0111\u1ed3ng \u0111\u00f4 la M\u1ef9 (USD)<\/strong> so v\u1edbi c\u00e1c lo\u1ea1i ti\u1ec1n t\u1ec7 nh\u01b0 EUR, GBP, JPY v\u00e0 CHF.<\/p>\n

B\u00e1n l\u1ebb<\/h2>\n

Doanh s\u1ed1 b\u00e1n l\u1ebb ph\u1ea3n \u00e1nh chi ti\u00eau c\u1ee7a ng\u01b0\u1eddi ti\u00eau d\u00f9ng - y\u1ebfu t\u1ed1 then ch\u1ed1t c\u1ee7a h\u1ea7u h\u1ebft c\u00e1c n\u1ec1n kinh t\u1ebf hi\u1ec7n \u0111\u1ea1i.<\/p>\n

Chi ti\u00eau nhi\u1ec1u h\u01a1n = t\u1ef1 tin h\u01a1n = n\u1ec1n kinh t\u1ebf \u0111ang ph\u00e1t tri\u1ec3n = \u0111\u1ed3ng ti\u1ec1n m\u1ea1nh h\u01a1n<\/strong>.
\nM\u1eb7t kh\u00e1c, doanh s\u1ed1 b\u00e1n l\u1ebb y\u1ebfu ho\u1eb7c gi\u1ea3m c\u00f3 th\u1ec3 b\u00e1o hi\u1ec7u s\u1ef1 suy tho\u00e1i.<\/p>\n

T\u1ef7 l\u1ec7 th\u1ea5t nghi\u1ec7p<\/h2>\n

Ch\u1ec9 s\u1ed1 n\u00e0y \u0111o l\u01b0\u1eddng t\u1ef7 l\u1ec7 ng\u01b0\u1eddi th\u1ea5t nghi\u1ec7p.<\/p>\n

T\u1ef7 l\u1ec7 th\u1ea5t nghi\u1ec7p t\u0103ng = \u00edt ng\u01b0\u1eddi ki\u1ebfm \u0111\u01b0\u1ee3c ti\u1ec1n v\u00e0 chi ti\u00eau = n\u1ec1n kinh t\u1ebf y\u1ebfu h\u01a1n = kh\u1ea3 n\u0103ng suy y\u1ebfu c\u1ee7a ti\u1ec1n t\u1ec7<\/strong>.
\nT\u1ef7 l\u1ec7 th\u1ea5t nghi\u1ec7p cao c\u0169ng l\u00e0m t\u0103ng chi ti\u00eau c\u1ee7a ch\u00ednh ph\u1ee7 (v\u00ed d\u1ee5 nh\u01b0 cho ph\u00fac l\u1ee3i), g\u00e2y th\u00eam \u00e1p l\u1ef1c cho n\u1ec1n kinh t\u1ebf.<\/p>\n

GDP \u2013 T\u1ed5ng s\u1ea3n ph\u1ea9m qu\u1ed1c n\u1ed9i<\/h2>\n

GDP l\u00e0 b\u1ee9c tranh to\u00e0n c\u1ea3nh, \u0111o l\u01b0\u1eddng t\u1ed5ng gi\u00e1 tr\u1ecb h\u00e0ng h\u00f3a v\u00e0 d\u1ecbch v\u1ee5 do m\u1ed9t qu\u1ed1c gia s\u1ea3n xu\u1ea5t.<\/p>\n

    \n
  • GDP t\u0103ng? N\u1ec1n kinh t\u1ebf \u0111ang ph\u00e1t tri\u1ec3n. T\u1ed1t cho ti\u1ec1n t\u1ec7.<\/li>\n
  • GDP gi\u1ea3m? Kh\u00f3 kh\u0103n kinh t\u1ebf. Kh\u00f4ng t\u1ed1t cho \u0111\u1ed3ng ti\u1ec1n.<\/li>\n<\/ul>\n

    CPI \u2013 Ch\u1ec9 s\u1ed1 gi\u00e1 ti\u00eau d\u00f9ng (L\u1ea1m ph\u00e1t)<\/h2>\n

    CPI theo d\u00f5i gi\u00e1 c\u1ea3 c\u1ee7a c\u00e1c m\u1eb7t h\u00e0ng ti\u00eau d\u00f9ng h\u00e0ng ng\u00e0y, v\u1ec1 c\u01a1 b\u1ea3n \u0111\u00e2y l\u00e0 th\u01b0\u1edbc \u0111o l\u1ea1m ph\u00e1t.<\/p>\n

      \n
    • L\u1ea1m ph\u00e1t gia t\u0103ng<\/strong> c\u00f3 ngh\u0129a l\u00e0 chi ph\u00ed sinh ho\u1ea1t \u0111\u1eaft \u0111\u1ecf h\u01a1n, \u0111i\u1ec1u n\u00e0y c\u00f3 th\u1ec3 l\u00e0m ch\u1eadm l\u1ea1i chi ti\u00eau c\u1ee7a ng\u01b0\u1eddi ti\u00eau d\u00f9ng.<\/li>\n
    • L\u1ea1m ph\u00e1t \u0111\u01b0\u1ee3c ki\u1ec3m so\u00e1t<\/strong> th\u01b0\u1eddng l\u00e0 m\u1ed9t d\u1ea5u hi\u1ec7u t\u1ed1t, \u0111\u1eb7c bi\u1ec7t n\u1ebfu ti\u1ec1n l\u01b0\u01a1ng c\u0169ng \u0111ang t\u0103ng.<\/li>\n
    • C\u00e1c ng\u00e2n h\u00e0ng trung \u01b0\u01a1ng c\u00f3 th\u1ec3 ph\u1ea3n \u1ee9ng b\u1eb1ng c\u00e1ch t\u0103ng l\u00e3i su\u1ea5t<\/strong>, th\u01b0\u1eddng l\u00e0 t\u0103ng c\u01b0\u1eddng ti\u1ec1n t\u1ec7<\/strong>.<\/li>\n<\/ul>\n

      Quy\u1ebft \u0111\u1ecbnh l\u00e3i su\u1ea5t<\/h2>\n

      C\u00e1c ng\u00e2n h\u00e0ng trung \u01b0\u01a1ng \u0111\u1eb7t ra l\u00e3i su\u1ea5t d\u1ef1a tr\u00ean t\u00ecnh h\u00ecnh kinh t\u1ebf. H\u1ecd c\u00f3 th\u1ec3:<\/p>\n

        \n
      • Th\u1eaft ch\u1eb7t<\/strong> (t\u0103ng l\u00e3i su\u1ea5t) \u0111\u1ec3 h\u1ea1 nhi\u1ec7t l\u1ea1m ph\u00e1t ho\u1eb7c n\u1ec1n kinh t\u1ebf qu\u00e1 n\u00f3ng.
        \nThu h\u00fat v\u1ed1n qu\u1ed1c t\u1ebf = \u0111\u1ed3ng ti\u1ec1n m\u1ea1nh h\u01a1n<\/strong>.<\/li>\n
      • N\u1edbi l\u1ecfng<\/strong> (c\u1eaft gi\u1ea3m l\u00e3i su\u1ea5t) \u0111\u1ec3 k\u00edch th\u00edch t\u0103ng tr\u01b0\u1edfng trong th\u1eddi k\u1ef3 kinh t\u1ebf suy y\u1ebfu.
        \nKhuy\u1ebfn kh\u00edch vay m\u01b0\u1ee3n v\u00e0 chi ti\u00eau = c\u00f3 th\u1ec3 l\u00e0m suy y\u1ebfu \u0111\u1ed3ng ti\u1ec1n<\/strong>.<\/li>\n<\/ul>\n

        H\u1ecdp b\u00e1o c\u1ee7a Ng\u00e2n h\u00e0ng Trung \u01b0\u01a1ng<\/h2>\n

        Sau khi \u0111\u01b0a ra quy\u1ebft \u0111\u1ecbnh v\u1ec1 l\u00e3i su\u1ea5t, c\u00e1c ng\u00e2n h\u00e0ng trung \u01b0\u01a1ng (nh\u01b0 Fed ho\u1eb7c ECB) s\u1ebd t\u1ed5 ch\u1ee9c h\u1ecdp b\u00e1o \u0111\u1ec3 gi\u1ea3i th\u00edch tri\u1ec3n v\u1ecdng c\u1ee7a h\u1ecd.<\/p>\n

        Hai thu\u1eadt ng\u1eef quan tr\u1ecdng c\u1ea7n ch\u00fa \u00fd:<\/p>\n

          \n
        • Di\u1ec1u h\u00e2u<\/strong> = gi\u1ecdng \u0111i\u1ec7u hung h\u0103ng, \u00e1m ch\u1ec9 t\u0103ng l\u00e3i su\u1ea5t trong t\u01b0\u01a1ng lai<\/strong> = Xu h\u01b0\u1edbng t\u0103ng gi\u00e1 cho \u0111\u1ed3ng ti\u1ec1n n\u00e0y.<\/li>\n
        • B\u1ed3 c\u00e2u<\/strong> = gi\u1ecdng \u0111i\u1ec7u th\u1eadn tr\u1ecdng ho\u1eb7c lo l\u1eafng, \u00e1m ch\u1ec9 c\u1eaft gi\u1ea3m l\u00e3i su\u1ea5t ho\u1eb7c lo ng\u1ea1i v\u1ec1 kinh t\u1ebf<\/strong> = Xu h\u01b0\u1edbng gi\u1ea3m c\u1ee7a \u0111\u1ed3ng ti\u1ec1n n\u00e0y.<\/li>\n<\/ul>\n

          Suy ngh\u0129 cu\u1ed1i c\u00f9ng<\/h3>\n

          Hi\u1ec3u \u0111\u01b0\u1ee3c nh\u1eefng ch\u1ec9 b\u00e1o c\u01a1 b\u1ea3n n\u00e0y s\u1ebd mang l\u1ea1i cho b\u1ea1n l\u1ee3i th\u1ebf l\u1edbn khi giao d\u1ecbch ngo\u1ea1i h\u1ed1i. Ch\u00fang kh\u00f4ng t\u00e1c \u0111\u1ed9ng \u0111\u1ebfn th\u1ecb tr\u01b0\u1eddng m\u1ecdi l\u00fac, nh\u01b0ng v\u1ec1 l\u00e2u d\u00e0i, ch\u00fang \u0111\u1ecbnh h\u00ecnh to\u00e0n b\u1ed9 c\u00e2u chuy\u1ec7n kinh t\u1ebf \u0111\u1eb1ng sau m\u1ed7i lo\u1ea1i ti\u1ec1n t\u1ec7. <\/em><\/p>","protected":false},"excerpt":{"rendered":"

          When it comes to currencies, there\u2019s always one big question: What makes one currency more valuable than another? After all, most currencies are just paper and digital entries. So why does one outperform the other? The basic theory is simple: The stronger a country\u2019s economy, the stronger its currency. To measure the strength (and future […]<\/p>\n","protected":false},"author":5,"featured_media":1575,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[22],"tags":[],"class_list":["post-524","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-learn-the-markets"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.oneroyal.academy\/vi\/wp-json\/wp\/v2\/posts\/524","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.oneroyal.academy\/vi\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.oneroyal.academy\/vi\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.oneroyal.academy\/vi\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/www.oneroyal.academy\/vi\/wp-json\/wp\/v2\/comments?post=524"}],"version-history":[{"count":1,"href":"https:\/\/www.oneroyal.academy\/vi\/wp-json\/wp\/v2\/posts\/524\/revisions"}],"predecessor-version":[{"id":525,"href":"https:\/\/www.oneroyal.academy\/vi\/wp-json\/wp\/v2\/posts\/524\/revisions\/525"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.oneroyal.academy\/vi\/wp-json\/wp\/v2\/media\/1575"}],"wp:attachment":[{"href":"https:\/\/www.oneroyal.academy\/vi\/wp-json\/wp\/v2\/media?parent=524"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.oneroyal.academy\/vi\/wp-json\/wp\/v2\/categories?post=524"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.oneroyal.academy\/vi\/wp-json\/wp\/v2\/tags?post=524"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}