The last non-farm payroll of winter time, let's briefly discuss!
Today is Friday, with a big drop in the morning and a correction in the afternoon. The subsequent rhythm should belong to the fluctuation between 91500-85500!
Reference mantra: A sharp drop in the morning is not a good sign; if Europe doesn't break the bottom/top, the US will fluctuate! The watershed is the opening drop in the morning/no breaking, no standing! The market is quietly waiting for the non-farm data, as well as Powell and the arrival of Ah Te! The market is expected to experience roller coaster shocks!
The non-farm data will be released at 21:30 tonight, this is also the last non-farm employment report of winter time. The expectation for this month is 160,000, which is higher than last month's 143,000, but ADP was far below last month, at only 77,000. According to this ratio, today's non-farm data does not look optimistic.
In the morning, there was a rebound after reaching the bottom, and the technical aspect has digested the fluctuations before the data. There is basically no play today before the data.
As for relying on the data, we have to wait until after the data. The unemployment rate is 4.0%. If the unemployment rate remains unchanged, as long as the data is lower than last month's 143, it will again be favorable, and being in the middle is also acceptable. It all depends on whether we can break out a larger space!
Currently, the data is not easy to predict, as it often surprises. I suggest waiting without any positions before the data! The main issue this time with the non-farm payroll is whether the Federal Reserve will sing hawkish or dovish! The press conference of Powell tonight is highly anticipated!
After this matter, there will be the rhythm of the understanding king! It's all a big market, you know! Friends! Friday is destined to be extraordinary!
As of the time of writing, it has rebounded to 89300, from the spike low of 84600 to now there has been a considerable rebound. Let's see if it can continue to test the morning's pressure. Currently, it is still maintaining a fluctuation within the range, and the continuation of actions will not be very large. Before the data, refer to the range for back and forth!