Tonight at 20:30, the non-farm payroll data is coming in strong. 🇺🇸 April non-farm payroll data is approaching, and the market is holding its breath for either surprises or delights.

Previous value: 228,000, expected: 135,000.

The change in non-farm payroll employment is a component of the employment report that mainly counts the changes in positions outside of agricultural production. This data is released alongside the unemployment rate and is compiled by the U.S. Department of Labor, announced on the first Friday of each month at 8:30 AM Eastern Time (which is evening Beijing Time). A decrease in data indicates that companies are reducing production, leading the economy into a recession; in the absence of special circumstances (such as interest rate changes), this is favorable for the dollar. An increase in the non-farm employment index reflects an upward trend in economic development, while a decrease indicates the opposite, and traders should be cautious.