Review and Insights from the Non-Farm Payroll Night
Last night’s non-farm payroll market was like a dramatic financial performance, taking every trader involved on a thrilling roller coaster journey.
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At the moment the non-farm data was released, the bad news acted like a heavy bomb, instantly igniting the market's short sentiment. The price plummeted from a high of 95180 to 92200 without resistance, a drop of nearly 3000 points, causing many shorts to cheer, while the longs fell into despair. This wave of decline fully demonstrated the huge impact of non-farm data on the market and the drastic shift in market sentiment at the moment the data was released.