- Global markets face heavy economic data releases as year-end liquidity thins rapidly.
- US jobs and retail sales on Tuesday may quickly shift market sentiment.
- UK and US inflation data midweek could drive short-term crypto price direction.
The final full trading week before the holiday break is packed with major economic events that could trigger sharp moves across global markets, including crypto, equities, and currencies.
With major economic data, multiple central bank decisions, and thinning year-end liquidity, investors are about to get a last, powerful reality check on growth, inflation, and monetary policy. One surprise print could be enough to flip sentiment fast.
Related: Top 7 Token Unlocks to Watch This Week as Crypto Market Braces for Bank of Japan Rate Hike
Global Data Hits as Holiday Liquidity Thins
The week opens with fresh economic signals from Europe, and the United States:
Tuesday Could Set the Tone for the Week
Tuesday is expected to be one of the most active trading days. The US releases its delayed November jobs report, covering Nonfarm Payrolls and the unemployment rate. This data matters because the Federal Reserve has recently linked its policy outlook to changes in the labor market.
US retail sales figures are also due, showing whether consumer spending remains resilient heading into the holiday season.
At the same time, PMI data from Europe and the UK adds to the potential for increased volatility across crypto, equities, and currencies.
Inflation Takes Center Stage Midweek
Inflation data will shape market expectations as the week progresses. On Wednesday, the UK publishes CPI inflation figures ahead of the Bank of England’s rate decision. Any surprise could shift views on future policy direction.
Thursday brings the US CPI report, one of the most closely watched inflation updates of the month. For crypto markets, this release often sets the short-term trend.
Central Bank Decisions Come Into Focus
The second half of the week is dominated by interest rate decisions. The European Central Bank, Bank of England, Riksbank, and Norges Bank will all announce policy updates. Even small changes in language can influence market direction.
Friday’s spotlight is on the Bank of Japan. Markets are watching closely amid expectations of a rate hike. The last time the BOJ raised rates in July 2024, Bitcoin fell nearly 23%.
Why Crypto Traders Are on Edge
Crypto markets are already flashing warning signals. Bitcoin, Ethereum, XRP and Solana among other altcoins are showing signs of increased price swings, with Bitcoin hovering near important technical levels. Ethereum has held up relatively well, but sentiment could change quickly depending on incoming data.
As the holiday break approaches, thinner liquidity may amplify market moves.
Related: Bitcoin Faces Likely Mid-December Pullback Amid Recurring Timing Pattern
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