Tonight at 22:00, the United States will release the non-farm employment data for August.
At 22:00 tonight, the U.S. is expected to announce approximately 180,000 new jobs in August, with the unemployment rate likely holding around 4.3%. However, it should be noted that in recent months, U.S. employment data has shown signs of weakness, with non-farm data for June and July both being revised down. If the data released tonight is significantly below expectations, market panic may be triggered.
The specific market logic is as follows:
1. Stronger than expected data: Concerns about the Federal Reserve's subsequent interest rate hikes will intensify, and the currency may face downward pressure in the short term.
2. Weaker than expected data: Although market expectations for interest rate cuts may rise, current long-term rates remain high, placing overall valuations under pressure, limiting the rebound potential of the currency.
3. Data close to expectations: The currency may experience slight fluctuations initially, with subsequent trends depending more on capital following and market sentiment changes.
