Bitget CFD Chief Analyst: Nonfarm Payrolls to Test U.S. Economic Resilience, Dollar and Gold May Face Directional Shift

Odaily News - Bitget CFD Chief Analyst Lewis Huang noted during a live broadcast that market focus has shifted this week from tech earnings back to U.S. employment data and Fed policy expectations. The key to this nonfarm payroll report lies not just in the number of jobs added, but in whether the unemployment rate, average hourly earnings, and prior revisions collectively point to an "orderly cooling" or a "clear slowdown" in the labor market.

Lewis Huang stated that if nonfarm payrolls and wage data both come in stronger than expected, the market will scale back short-term rate cut bets, potentially boosting Treasury yields and the U.S. dollar while pressuring gold and highly valued tech stocks. Conversely, if employment, wages, and prior revisions all weaken across the board, the market will raise expectations for Fed easing, which could support gold and non-U.S. currencies.

He advised CFD traders to avoid chasing positions in the first minute after the data release, and instead focus on whether the U.S. two-year Treasury yield, the U.S. dollar index, and gold form a synchronized confirmation, waiting for pullback opportunities after key levels are broken. The current trading theme is not simply betting on the strength or weakness of the data, but rather assessing how the nonfarm payrolls will reshape market pricing of the Fed's policy path.