TechFlow news, Today, July 2nd, Bitget CFD Chief Analyst Lewis Huang pointed out in an online livestream themed "Non-Farm Payroll Data Release: Breaking Down Labor Market Data" that this non-farm employment data holds crucial directional significance for the current financial market. He emphasized that since Kevin Warsh took office, his policy stance has consistently been toned with tough hawkish rhetoric; against the backdrop of recently persistently high inflation pressure, market concerns regarding the risk of the US resuming interest rate hikes are heating up sharply, making the release of this non-farm data particularly critical.
Regarding the potential impact of this data, Lewis Huang stated that the market currently generally expects new non-farm employment figures to be 115,000, remaining lower than the previous value of 172,000. However, this is an extremely sensitive battle of expectations: if this non-farm data is significantly better than expected, it will directly confirm the resilience of the labor market, thereby triggering clearer interest rate hike intentions from the Federal Reserve; conversely, if the data is far worse than expected, the market may quickly reverse sentiment and increase bets on interest rate cuts. He advised CFD traders to closely monitor market expectation gaps before and after the data release, implement strict risk management, and flexibly capture long and short trading opportunities amidst severe volatility.
