[Today's Market Preview] Non-farm payroll data is coming in strong! Euro exchange rate declines for 5 consecutive days

Today's market outlook includes five major financial events: 1. The three major stock index futures rose, NVIDIA's earnings report exceeded expectations, and its stock price rose over 5%; 2. The United States will release the September non-farm payroll report, which may affect the trends of the US dollar, gold, and US stocks; 3. The US dollar index has risen for the fifth consecutive day, while the euro exchange rate has fallen for five consecutive days; 4. The Japanese yen exchange rate has hit a new low in 10 months, and there are still variables regarding the Bank of Japan's interest rate hike in December; 5. Bitcoin has temporarily stabilized, but the market is betting on a drop to $85,000

Investment Insights - Here are today's five major financial events:

Three major stock index futures rise, NVIDIA jumps over 5% after earnings!

Before the U.S. stock market opened on November 20, three major stock index futures rose. As of 4:50 AM Eastern Time, Dow Jones futures rose by 0.41%, S&P 500 futures rose by 0.98%, and Nasdaq 100 futures rose by 1.35%.

Popular stocks generally rose, with NVIDIA (NVDA) up 5.05% and Tesla (TSLA) up 1.27%. On the news front, NVIDIA's earnings report exceeded expectations across the board.

Non-farm payroll data is coming! Market sentiment is about to ignite

At 21:30 tonight, the U.S. will release the September non-farm employment report. The market generally expects an increase of 50,000 jobs in September, with the unemployment rate remaining at 4.3% and average hourly earnings year-on-year remaining at 3.7%.

Analysts point out that if the non-farm data exceeds expectations, it will be favorable for the U.S. dollar index to rise, negatively impacting gold and U.S. stocks. Conversely, if the non-farm data falls short of expectations, it will hurt the dollar and benefit gold and U.S. stocks.

U.S. dollar index rises above 100, euro exchange rate declines for five consecutive days

The minutes from the Federal Reserve's October meeting showed that officials had serious disagreements about whether a rate cut was needed in December, which dampened market expectations for a rate cut. Currently, the market expects a 68.2% chance that the Federal Reserve will keep rates unchanged in December, and a 31.8% chance of a 25 basis point cut.

The U.S. dollar index has risen for the fifth consecutive day, breaking above the 100 mark. The euro/dollar (EUR/USD) has declined for the fifth consecutive day, down 0.10% as of the time of writing, reported at 1.1525.

Japanese yen exchange rate hits a 10-month low! Uncertainty remains for the Bank of Japan's rate hike in December

With reduced expectations for a Federal Reserve rate cut and weakened expectations for a Bank of Japan rate hike, the dollar/yen (USD/JPY) rose to 157.77, reaching a 10-month high.

Bank of Japan policy board member Junko Koeda has rarely released hawkish signals, suggesting that action may be taken as early as next month.

Bitcoin stabilizes temporarily, market bets on a drop to $85,000

After Bitcoin (BTC) fell below the $90,000 mark, it rebounded today, reporting at $91,768 as of the time of writing.

The Myriad prediction platform shows that traders are betting the market will continue to "kill the dip," with up to 70% of funds betting Bitcoin will drop to $85,000. The Polymarket platform also shows that investors believe BTC is more likely to drop to $85,000 than to rise