非农之夜

US non-farm data is an important economic indicator released monthly by the US Department of Labor, officially known as 'Nonfarm Payrolls (NFP)'. It reflects the number of new jobs created outside the agricultural sector and the unemployment rate, measuring the health of the US labor market.
Non-farm data is a focal point for global markets as it directly reflects the level of activity in the US economy and indirectly affects the global economy.
Non-farm data is released on the first Friday of every month.
Composition of non-farm data
Non-farm employment numbers:
Indicates the number of jobs added or lost in the US non-farm sector in the previous month. This figure reflects the growth or decline of the US economy.

Tonight, the cryptocurrency market will face multiple storms! The negative impact of the U.S. stock market is offset by favorable non-farm payroll data, combined with expectations for the White House crypto summit on March 7, creating a highly sensitive market sentiment:
1. The plunge in U.S. stocks drags down the cryptocurrency market, increasing liquidity risk.
The negative sentiment in the U.S. stock market dominates short-term emotions: Influenced by Trump’s tariff policy (25% tariffs on Canada and Mexico) and concerns about economic recession, the three major U.S. stock indices are all declining! The financial securities sector leads the decline.
Increased interconnectedness: The correlation between the cryptocurrency market and the U.S. stock market has risen to a historical high, and the expiration of U.S. stock options further exacerbates volatility. If the U.S. stock market continues to weaken, cryptocurrencies may face greater selling pressure.