8:30 tonight! The big non-agricultural data is coming, the market is about to fluctuate violently, and the rise and fall are just a thought away!
At 8:30 tonight, the highly anticipated US non-agricultural employment data will be released. This time the data will directly affect the Fed's next policy direction, and the market will also usher in a big test! Will it rise or fall? The key lies in these data details.
Expected new jobs: 200,000+
If the data tonight exceeds 200,000, it means that the job market is still strong and the market will rise slightly. In this case, it is generally believed that the Fed will suspend interest rate cuts in November. The market is temporarily stable, but there will not be too much fluctuation.
New jobs: 160,000-200,000
This is the market's favorite range! The data is neither high nor low, which will neither affect inflation nor hinder the expectation of interest rate cuts. In this case, the market can continue to rise, and investors can breathe a sigh of relief.
New jobs: 140,000-160,000
Although the data in this range can still make the market rise, there is a shadow of recession behind it. Although the market may react positively in the short term, the future economic direction is still somewhat uncertain.
New jobs: less than 140,000
The worst case scenario! If the number of new jobs is less than 140,000, the market will start to worry about a recession. The Fed may be under greater pressure to cut interest rates, but the market may plummet directly, and risk aversion will rise sharply.
Tonight's non-agricultural data will be the key, and the market will react extremely sensitively. No matter what the result is, do a good job of risk control and be prudent first!