Data to watch next week

Earlier this week, Bitcoin fell from its all-time high, and on Friday, it continued its downward trend, briefly approaching $95,000. Earlier, Bitcoin had just set a new historical high of over $108,000. The recent decline in the crypto market has had a greater impact on altcoins like Ethereum and Dogecoin.

With Christmas approaching, the market will be relatively calm next week, although there are still some relatively influential data points. However, due to thin liquidity, market volatility may become significant.

Here are the key points the market will focus on in the new week:

Monday 23:00, U.S. Conference Board Consumer Confidence Index for December.

Thursday 21:30, U.S. Initial Jobless Claims for the week ending December 21.

For the U.S. dollar, with the overall hawkish stance within the Federal Reserve, it is expected that the dollar will not easily lose its throne earned this year, although low trading volumes during the holiday season may trigger some unnecessary volatility.

Overall, if any market turbulence occurs during the holiday season, it is more likely to impact U.S. stocks and bonds. The Federal Reserve's hawkish stance has not been welcomed on Wall Street, and as U.S. Treasury yields continue to rise, the sell-off may intensify.