QCP Capital: Markets focus on tonight's non-farm data, if weak data may strengthen expectations of further rate cuts this year

PANews reported on April 4 that QCP Capital analyzed that US President Trump announced a 10% tariff on all imported goods and imposed "reciprocal tariffs" on countries with large trade deficits, causing global trade tensions. Affected by this, the price of Bitcoin fell sharply from the high of $88,500 to $81,200, erasing the previous gains and causing extensive liquidation of the crypto market. Long positions over $221 million were closed, and BTC fell more than ETH. At the same time, U.S. stock futures also suffered a heavy blow, with S&P 500 futures falling 3.38%, and Nasdaq 100 futures falling 4.28%.

Market focus is now turning to tonight's US non-farm employment report, and weak data may strengthen expectations of the Federal Reserve's further rate cut this year. Currently, the market expects four interest rate cuts in 2025, in June, July, September and December, with a rate cut of 25 basis points each time. The volatility of the options market remains high in the short term, and investors tend to buy downside protection, reflecting the uncertainty and cautious attitude of market sentiment. However, as risky assets are oversold, there may be a rebound opportunity in the short term.