Bitget CFD Chief Analyst: Non-farm Payrolls Will Test US Economic Resilience, US Dollar and Gold May Face Directional Choice

TechFlow News, Today, August 04, Bitget CFD Chief Analyst Lewis Huang pointed out during a live stream that the market focus this week has shifted back from tech stock earnings to US employment data and Fed policy expectations. The key to this non-farm payrolls report is not just the new employment figures, but whether the unemployment rate, average hourly earnings, and previous value revisions collectively point to an "orderly cooling" or "significant slowdown" in the labor market.

Lewis Huang stated that if non-farm employment and salary data are simultaneously stronger than expected, the market will lower short-term rate cut bets, US Treasury yields and the US dollar are expected to strengthen, while gold and high-valuation tech stocks will face pressure; conversely, if employment, salaries, and previous value revisions turn comprehensively weaker, the market will increase Fed easing expectations, and gold and non-US currencies may gain support.

He advised CFD traders to avoid chasing trades in the first minute after data release, and should focus on observing whether US 2-year Treasury yields, the US Dollar Index, and gold form simultaneous confirmation, and wait for pullback opportunities after key level breakouts. The current trading main theme is not simply betting on whether the data is high or low, but rather judging how the non-farm payrolls will change the market's pricing of the Fed's policy path.