The US December non-farm payroll data will be announced tonight at 21:30. Market expectations are for 60,000-70,000 new jobs added, with the unemployment rate possibly dropping to 4.5%. While these figures may seem like cold, hard statistics, they are actually hinting at the Federal Reserve's next monetary policy move — which directly impacts the rise and fall of the entire asset market.

Breaking it down:

**Data meets or slightly exceeds expectations (60,000-100,000 new jobs)**, indicating the labor market remains relatively stable. This suggests the Fed may slow down the pace of rate cuts or even keep rates steady. In the short term, the US dollar will strengthen, stocks and gold will come under pressure, and cryptocurrencies will also be affected.

**If the data surprises to the upside (more than 100,000 new jobs)**, it becomes more complicated. Extremely strong employment figures could be interpreted as a sign that inflation is not easing, leading to further dollar appreciation and broad pressure on risk assets.

**Conversely, weak data (fewer than 50,000 new jobs)** is the scenario that bulls are hoping for. A slowdown in employment growth suggests rate cut expectations will rise, the dollar will weaken, and stocks and gold may have a breather. The crypto market could also see some relief.

In summary, these three hours of data release could rewrite the market rhythm for the next two weeks. Stay alert.