Major Market Shake Warning! Euro exchange rate declines consecutively, Non-Farm Payroll data about to trigger a surge

US Stock Futures Rise Immediately at Market Open, Tech Stocks Lead the Charge

Ahead of the opening today, the three major stock index futures all moved higher. As of 4:50 AM, Dow Jones futures increased by 0.41%, S&P 500 futures surged by 0.98%, and Nasdaq 100 futures soared by 1.35%. The tech sector is extremely popular, with Nvidia’s earnings report surpassing expectations, causing its stock price to jump 5.05%, followed closely by Tesla with a 1.27% gain.

Non-Farm Payroll Data to Shock Markets Tonight, Dollar Movement Becomes Key

Breaking news—the US non-farm employment report will be released tonight at 21:30. The market broadly expects September to add about 50,000 jobs, with the unemployment rate remaining at 4.3%, and average hourly earnings maintaining a 3.7% annual growth rate. Analysts note that if the data exceeds expectations, it will boost the US dollar index and suppress gold and US stocks; conversely, if it falls short, the dollar will be pressured, and gold and US stocks may rise.

US Dollar Breaks Through 100 Level, Euro Faces Fifth Consecutive Decline

The US dollar index is showing a winning streak—rising for the fifth consecutive trading day and successfully breaking through the 100 mark. Meanwhile, the EUR/USD exchange rate also declined for the fifth straight day, currently at 1.1525 USD, down 0.10% intraday. The release of the Federal Reserve’s October meeting minutes revealed divided opinions among officials on whether to cut rates in December, dampening market expectations for rate cuts. Currently, the market assigns a 68.2% probability that the Fed will hold rates steady in December, with only a 31.8% chance of a 25 basis point cut. The weakening euro exchange rate directly reflects the strength of the dollar.

Yen Falls to 10-Month Low, Bank of Japan’s December Move Remains a Mystery

The USD/JPY exchange rate surged to 157.77, hitting a 10-month high, with the yen depreciating sharply. The cooling of rate cut expectations for the Fed combined with weakening signals from the Bank of Japan has put significant pressure on the yen. Recently, BOJ board member Junko Koeda made rare hawkish comments, hinting at possible action as early as next month, adding uncertainty to the market.

Bitcoin Rebounds from Bottom, Traders Heavy Betting on Downside

Bitcoin is rebounding after falling below $90,000, currently trading at $87.48. However, market sentiment remains pessimistic—Myriad prediction platform shows up to 70% of funds are betting that Bitcoin will continue to decline to $85,000, and data from Polymarket also indicates investors see a higher probability of further decline. Although Bitcoin has temporarily stabilized, bearish expectations remain strong.