The nonfarm payroll data, originally scheduled to be released on the first Friday of each month, will be brought forward to be released tonight since tomorrow’s U.S. stock market is closed. It is expected to become an important catalyst for short-term market volatility.
At present, market expectations are that the number of new jobs will decline slightly. If the final released figure differs only marginally from expectations, the impact on the market is expected to be limited, and there will likely be no major change to expectations for Federal Reserve policy.
However, if employment data turns out to be clearly weaker, the market will further increase expectations for rate cuts. Conversely, if the data comes in significantly stronger than expected, it may push back up expectations for tightening again, which could put some pressure on the crypto market.
Before the data is released, it is recommended to control your position size, wait patiently for the market to show a direction, and avoid chasing rallies or panic-selling impulsively.
At present, market expectations are that the number of new jobs will decline slightly. If the final released figure differs only marginally from expectations, the impact on the market is expected to be limited, and there will likely be no major change to expectations for Federal Reserve policy.
However, if employment data turns out to be clearly weaker, the market will further increase expectations for rate cuts. Conversely, if the data comes in significantly stronger than expected, it may push back up expectations for tightening again, which could put some pressure on the crypto market.
Before the data is released, it is recommended to control your position size, wait patiently for the market to show a direction, and avoid chasing rallies or panic-selling impulsively.