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ATFX策略师:美国8月大非农预期悲观,美元指数或遭冲击
Sou Hu Cai Jing·2025-09-05 09:14

Group 1 - The core point of the articles revolves around the upcoming U.S. non-farm payroll report, with expectations of a slight increase in employment figures, but concerns about the impact of immigration policies on labor data [1][2] - The previous non-farm employment figure was 73,000, with a forecast of 75,000 for the upcoming report, indicating a trend of employment figures remaining below 100,000 since May [1] - The unemployment rate is expected to rise slightly from 4.2% to 4.3%, reflecting a stable trend in U.S. employment data since July 2024 [1] Group 2 - The ADP employment data for August showed a significant drop to 54,000 from the previous 106,000, suggesting that the non-farm payroll report may also reflect poor employment growth [1] - The Federal Reserve's Beige Book indicates that employment levels have remained largely unchanged across most regions, suggesting that the non-farm payroll data will not deviate significantly from the previous figures [2] - The outcome of the non-farm payroll report is critical for the Federal Reserve's interest rate decision on September 18, with a poor report increasing the likelihood of a 25 basis point rate cut [2] Group 3 - Technical analysis indicates that the U.S. dollar index has been experiencing low volatility and is forming a descending triangle pattern, with a potential downward breakout if the non-farm payroll report is disappointing [4] - Key support level for the dollar index is noted at 97.52, and a breach of this level could lead to a new downward trend [4]