The non farm payroll report for January in the United States will be released, and market expectations are low The US Bureau of Labor Statistics will release the postponed January non farm payroll report at 21:30 (UTC+8) on Wednesday, along with annual benchmark revisions and methodological updates. The market expects 70000 new jobs to be created in January, with an unemployment rate of 4.4%, and the average hourly wage growth rate may decrease to 3.6% year-on-year. Several economists predict that the data is lower than expected, with TD Securities and Goldman Sachs expecting only 45000 new jobs, and Citigroup predicting 135000 but stating that it is close to zero after seasonal adjustment. Correcting or erasing millions of job positions indicates a weak labor market. Federal Reserve officials are paying attention to employment trends, emphasizing inflation risks, and are not in a hurry to cut interest rates in the short term. The market expects non farm payroll data to affect the trend of the US dollar and gold. AI interpretation: The release of non farm employment data will directly affect the market's assessment of economic health. The current market expectation is sluggish, reflecting widespread concerns about the weakness of the labor market, which will increase attention to the Federal Reserve's monetary policy. If the data is indeed lower than expected, it will further strengthen the market's expectation of sustained high interest rates and suppress the possibility of interest rate cuts. Overall, the performance of non farm employment data will have a significant impact on the prices of the US dollar and gold, and market sentiment will fluctuate accordingly.