Futures
Access hundreds of perpetual contracts
CFD
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
CFD
U.S. stock CFD derivatives
US Stocks
Access real US stocks and ETFs
HK Stocks
Trade quality Hong Kong-listed stocks
Korean Stocks
SK Hynix
Real Korean stocks and top assets
Stock Futures
High leverage, 24/7 trading
Tokenized Stocks
Backed by real stock assets
IPO Access
Unlock full access to global stock IPOs
GUSD
Mint GUSD for Treasury RWA yields
Stocks Activities
Trade Popular Stocks and Unlock Generous Airdrops
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
IPO Access
Unlock full access to global stock IPOs
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
Promotions
AI
Gate AI
Your all-in-one conversational AI partner
Gate AI Bot
Use Gate AI directly in your social App
GateClaw
Gate Blue Lobster, ready to go
Gate for AI Agent
AI infrastructure, Gate MCP, Skills, and CLI
Gate Skills Hub
10K+ Skills
From office tasks to trading, the all-in-one skill hub makes AI even more useful.
Tonight, just focus on two sets of data:
The non-farm payrolls expectation is roughly 100k, and the unemployment rate expectation is 4.2%.
If non-farm payrolls are above 150k, it means U.S. employment is still strong, rate cut expectations are likely to be pushed back, which is bearish for the crypto space.
If non-farm payrolls are between 80k and 120k, it's basically in line with expectations, and the market will probably first look at the unemployment rate and the revision of prior data.
If non-farm payrolls are below 70k, it means employment is starting to cool noticeably, but this doesn't necessarily directly benefit risk assets—it also depends on whether the market will trade recession first.
On the other side, the more critical factor is the unemployment rate:
If above 4.2%, the market will start to worry about a weakening economy.
If at 4.2%, neutral.
If below 4.2%, it means employment is still pretty stable, and rate cut expectations will instead be pushed back.
In one sentence: The most comfortable outcome for the market tonight would be non-farm payrolls around 100k and an unemployment rate of 4.2%.
Too strong is not good, and too weak is not good either.