The pancake's volume is gradually decreasing, pay attention to the area around 88500 above, and 87100 below. The second line focuses on the area around 86000.
The large pancake is looking upwards towards the 83800 line, with the second line focusing on the area around 84500. If the momentum continues, we can look bullish around 86300. Conversely, we can ambush around the first and second lines above, sequentially looking towards the lower areas around 82500-81500-80800.
The US non-farm payroll report for January will be released at 21:30 Beijing time on February 7. Here is a forward-looking analysis and market expectations regarding this report: Market Expectations • New Jobs Added: The market generally expects that the US non-farm payrolls for January will increase by 169,000 to 170,000, a slowdown compared to 256,000 in December. • Unemployment Rate: The unemployment rate is expected to remain at 4.1%, unchanged from last month. • Average Hourly Wage: The average hourly wage is expected to grow by 0.3% month-on-month in January and by 3.7% to 3.8% year-on-year, a decrease from 3.9% in December. Market Impact • Impact on Federal Reserve Policy: If the January non-farm data is strong, it may further weaken market expectations for an interest rate cut by the Federal Reserve, and may even lead the market to reconsider the possibility of a rate hike. Conversely, if the data falls short of expectations, it may increase market concerns about economic slowdown, thus enhancing expectations for a rate cut. • Impact on the US Dollar and Gold: Non-farm data that exceeds expectations typically supports the US dollar and is bearish for gold; conversely, data that falls short of expectations may be bearish for the US dollar and bullish for gold. • Impact on the Stock Market: Strong non-farm data may indicate that the US economy remains healthy, which could have a positive effect on the stock market, but it may also raise concerns about rising inflation.#非农就业数据来袭