According to Odaily Planet Daily, Carson Group analyst Sonu Varghese stated that the weak February jobs data is unlikely to change expectations regarding a Federal Reserve rate cut this year. He said the report "reminds us that risks in the labor market have not been eliminated." However, on the other hand, "inflation remains high even before the impending energy price shock and AI-related bottlenecks emerge." Varghese predicts that these two factors will "keep the Fed cautious about rate cuts—a cut is unlikely in the near term." The current market consensus is that there will only be one rate cut this year. (Jinshi)

Odaily Planet Daily reports that WTI crude oil surged 13.00% intraday, currently trading at $89.21 per barrel. (Jinshi)

Odaily Planet Daily reports that David Rees, Global Head of Economics at Schroders, stated that the significantly weaker-than-expected non-farm payroll data will provide ample material for discussion among doves within the Federal Reserve. However, at least part of the difference was due to strikes in the healthcare sector, a situation that should be reversed. Furthermore, despite the weak jobs report, we believe that continued growth in labor demand is inevitable given the ongoing strong growth of the US economy. It remains unclear whether incoming Fed Chairman Kevin Warsh will change his view that the application of artificial intelligence will significantly improve US productivity and create room for lower interest rates. However, any recovery in the job market, and the inflationary risks posed by events in the Middle East, will diminish the necessity for a rate cut in the short term. (Jinshi)

According to data from Coinglass, as reported by Odaily Planet Daily, $112 million in positions were liquidated across the network in the past hour, including $109 million in long positions and $3.76 million in short positions. In addition, $55.19 million in BTC positions were liquidated and $28.12 million in ETH positions were liquidated.

According to the latest data from Gate.io, gold prices rose to $5,107.70 per ounce, a daily increase of 0.52%. Silver prices rose to $82.980 per ounce, a daily increase of 0.97%. The BVIX (BTC Volatility Index) is currently quoted at 54.34, a daily decrease of 1.27%. The EVIX (ETH Volatility Index) is currently quoted at 76.21, a daily decrease of 0.04%. In the foreign exchange market, the USD/CNH exchange rate fell 0.13% to 6.90783. The USD/JPY exchange rate rose 0.20% to 157.876. In global stock indices, the Euro Stoxx 50 fell 2.03% to 5,669.19 points; the UK FTSE 100 fell 1.28% to 10,259.25 points; and the German DAX 40 fell 1.75% to 23,418.19 points. In commodities, WTI crude oil rose 11.54% to $87.92 per barrel, while Brent crude oil rose 7.77% to $90.61 per barrel. Gate allows users to directly trade traditional financial market products on its platform, providing a one-stop solution for precious metals, forex, global equity CFDs, major indices, and commodities, achieving deep integration of crypto assets and traditional financial assets. Gate TradFi features have been fully integrated into the Gate App and Web platform, allowing users to easily participate in global asset price trading without switching platforms, unlocking more strategies and opportunities outside the crypto market, and continuously enhancing their diversified asset allocation experience.