Tonight, the U.S. non-farm payroll data will be released, which has a significant impact on the Federal Reserve's September Intrerest Rate decision.

According to news on August 1, the July employment report released at 8:30 PM Beijing time on Friday is expected to add 110,000 jobs, a significant decline from June's 147,000. The unemployment rate is expected to rise slightly from 4.1% to 4.2%, and the average hourly wage is expected to increase by 0.3% month-on-month, higher than June's 0.2%. If the prediction is accurate, it will strengthen the view of a slowdown in the labor market, but may not necessarily prompt a response from the Federal Reserve.

In this week's interest rate meeting, Powell did not provide guidance on the September interest rate decision, stating that there is much data to be released beforehand, and the July non-farm report is key to influencing expectations for a rate cut in September.

If the non-farm payroll data is below 100,000 and the unemployment rate rises, it may indicate a weakening job market, putting pressure on the Federal Reserve's hawkish expectations and the dollar, which would benefit gold prices rebound. If the data exceeds 150,000, the dollar's strength may continue, as strong employment data could rule out the possibility of two rate cuts by the Federal Reserve this year. #PI# #BTC# #ETH#