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Ahead of NFP: US index futures rise; gold, silver and oil up; Bitcoin down 3%

Ahead of NFP: US index futures rise; gold, silver and oil up; Bitcoin down 3%

TraderKnowsTraderKnows
02-11
Summary:U.S. nonfarm payrolls are due at 21:30 Beijing time; the annual revision may erase about 1 million jobs. Futures tick higher, metals and oil gain, the dollar softens, and Bitcoin slips ~3%.

At 21:30 Beijing time in the evening, the United States will release the latest non-farm employment data. The market is also focused on the annual benchmark revision: the mainstream expectation is that this revision may "erase" about 1 million jobs in historical terms; Goldman Sachs is cautious about the forecast for new jobs this time, predicting only about 45,000.

Tonight's Focus: Non-Farm "Revision" and New Employment Expectations Sharing the Stage

For traders, the highlight of this non-farm report is not just the monthly addition, but also the annual revision's reevaluation of the past employment path—it may alter the market's intuitive judgment of labor resilience and policy paths, amplifying the elasticity of fluctuations before and after the data release.

Market Pre-Open: US Stock Index Futures Edge Higher

Before the data release, the sentiment for risk assets is relatively stable. Pre-market in the US, the three major stock index futures are rising: Nasdaq 100 futures increase by about 0.14%, Dow 30 futures rise over a hundred points, with an increase of about 0.21%, and S&P 500 futures rise by about 0.17%.

Commodity Performance: Gold and Silver Rebound, Oil Strengthens Simultaneously

There is a consistent rebound in safe-haven and commodity sectors. Gold against the USD (XAU/USD) holds the $5000 level, silver against the USD (XAG/USD) increases by more than 3% and returns above $83; oil also strengthens, with WTI reported at about $64.77 and Brent at about $69.61, both rising by over 1%.

Forex and Crypto: Weak Dollar, Bitcoin Short-Term Decline

The US dollar index continues to fall, down approximately 0.3% to around 96.57 during the day; the crypto market is under relative pressure, with Bitcoin falling short-term by about 3%, retreating to the $67,000 range.

Risk Warning and Disclaimer

The market carries risks, and investment should be cautious. This article does not constitute personal investment advice and has not taken into account individual users' specific investment goals, financial situations, or needs. Users should consider whether any opinions, viewpoints, or conclusions in this article are suitable for their particular circumstances. Investing based on this is at one's own responsibility.

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