The release of the US non-farm payroll data is usually a significant event in the global financial markets, as it reflects the health of the US job market and thus influences the Federal Reserve's monetary policy. Here are a few points of view:

Impact on the US Dollar and Gold Market

Strong non-farm data typically indicates a good recovery momentum in the US economy, which may boost the dollar index while putting pressure on safe-haven assets like gold. Conversely, weak data may lead to a weaker dollar and rising gold prices.

Guidance on Federal Reserve Policy

The performance of non-farm data directly affects the Federal Reserve's interest rate decisions. If job growth is strong and the unemployment rate is declining, the Federal Reserve may be inclined to maintain or accelerate the pace of interest rate hikes; if the data is poor, the Federal Reserve may consider a more dovish policy stance.

Market Sentiment and Volatility

Non-farm data often leads to significant short-term volatility in the market. Investors typically adjust their positions before data is released, waiting for clear signals. Therefore, whether the data is above or below expectations, market reactions can be dramatic.

Recommendation: Pay close attention to the differences between the actual data and market expectations, while also considering details like wage growth and labor participation rates, to make a more comprehensive judgment on market trends. If you are an investor, be sure to manage risks and avoid hasty trading when the data is released.