The U.S. will release the February non-farm payroll data tonight (March 6) at 21:30. Market expectations are for only 59,000 new jobs, a significant drop from January's 133,000. Additionally, retail sales data will be released simultaneously, with the overall signal leaning towards supporting rate cut expectations.



Currently, the market's fragility is not only due to the data itself but also the accumulation of various risk events! Geopolitical tensions may escalate this weekend. If the data tonight is weak, the market is likely to react early before the close and accelerate withdrawals, leading to more intense selling pressure than usual.
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