#密码资产动态追踪 Tonight, the US employment report is coming — it's a day of mixed market signals, with data, policy, and sentiment all hitting simultaneously.

Non-farm payroll data is the highlight of the evening. Within 30 minutes of this data release, the stock market, bond market, forex, and commodities could all be affected, and no one will be able to stay unaffected. Following that, the Supreme Court's ruling on tariffs is expected to trigger a second wave of market movements in the US afternoon (after 11 PM Beijing time), especially in sectors like import/export companies and manufacturing, which are likely to react noticeably. The subsequent statements from the Treasury Secretary and Trump are the kind of "black swan" event that’s hard to predict — after these major events, market nerves are already tight, and any policy signals could be amplified infinitely.

From a trading perspective: before major data releases, market liquidity often shrinks, and volatility expectations tend to rise. This is the toughest test of risk management — positions must be well-controlled, and don’t put all your chips on one side. The dollar’s movement will directly influence gold and other non-US currencies; changes in US Treasury yields will determine the valuation logic of tech stocks. The cross-asset correlations will be especially evident this time.

Overall, tonight the market will face three waves of shocks: economic fundamentals, trade policy rulings, and political statements. The market will likely be quite volatile, with significant fluctuations across various assets. Investors need to stay alert and be prepared.