Tonight, the U.S. will release significant non-farm economic data preview

At 9:30 PM tonight, the U.S. will concentrate on announcing a batch of economic data that has been held back for a long time, among which the most critical is the Non-Farm Employment Report. Due to the impact of the government shutdown, this report has been moved from its usual Friday release to Tuesday (December 16). The market generally expects around 50,000 new jobs added in November, with the unemployment rate potentially rising slightly to around 4.4%. This report is significant because it will convey signals to the market about when the Federal Reserve may cut interest rates next year. However, due to the government shutdown, the data collection process has been disrupted, and the data quality may not be precise. For example, key parts like the unemployment rate may have discrepancies. Economists have a wide range of predictions, varying from a decrease of 20,000 to an increase of 127,000, akin to opening a blind box.

At the same time, retail sales data for October will also be released that night, with expectations of a modest growth of only 0.1%. This data can reflect the consumer willingness of the American public aside from major expenses like car purchases and fuel. Additionally, this Thursday night, the missing October CPI data due to the “suspension” will be supplemented, and comparisons with last year's November data will be needed to assess inflation expectations.

Overall, this week is a concentrated reporting week for U.S. economic data, with a complex background and many variables. Before the data is released, the market attitude is cautious, and the decline in Bitcoin prices also reflects this wait-and-see sentiment. For investment operations, if positions are heavy, it may be prudent to reduce positions appropriately before the data release to prevent unexpected fluctuations after the data is announced. It would be more prudent to act in accordance with the market direction after all data is released tonight, when the market direction is clear $BTC