Tonight at 21:30 Non-Farm Payrolls Night, the U.S. will release the February non-farm employment data. This is a key point that determines the short-term direction of the global markets, and gold, the dollar, and U.S. stocks are expected to experience intense volatility.

Core data: U.S. February unemployment rate: previous 4.30%, expected 4.30%;
February seasonally adjusted non-farm employment change: previous 130,000, market expectation 59,000, nearly halved from last month’s 130,000.

The current background is not just about the data itself, but also the war weekend effect. If tonight’s data is disappointing, there’s a high probability that traders won’t want to hold risk through the weekend, leading to initial upward moves followed by downward corrections. Selling pressure before Friday’s close could be stronger than usual.

Tonight’s non-farm payrolls report is a major test and also an opportunity. Remember: the market is unpredictable, but your mindset and strategy are within your control.