Non-farm payrolls data at 20:30 tonight

This is the most important macro data of the week.

The market mainly looks at three indicators:

Non-farm payroll employment
Unemployment rate
Average hourly earnings

They determine whether the market will readjust expectations for the Fed's rate cut (or maintaining high interest rates).

If the data is stronger than expected:

The dollar may strengthen, US Treasury yields may rise, risk assets (US stocks, crypto) (bearish)

If the data is weaker than expected:

Rate cut expectations may increase, the dollar may fall, risk assets may get a breather (bullish)
#Gate股票转仓功能上线