The market rhythm will be quite special next week. Starting from Thursday, the United States will enter the Christmas holiday mode, and economic data will be densely released before Thursday. On Tuesday, there are two indicators worth paying attention to - the annualized growth rate of the US Q3 GDP and the annualized rate of personal consumption expenditures and core PCE price index. Wednesday will see the initial jobless claims data, which is a four-star data point with a relatively large impact. Other indicators are at a three-star level, and the market response may be relatively mild.

The real variable will be on Thursday. The speech by Bank of Japan Governor Ueda will become the most significant event next week—this gentleman is now the most watched central bank leader by global investors. The market has basically digested last week's decision to raise interest rates by 25 basis points, and now everyone is asking: When will the next hike be? By how much? The tone of his speech on Thursday will directly determine the market direction.

If hawkish signals are released, the global financial markets may come under pressure, and the cryptocurrency sector and commodities will naturally be no exception. Conversely, if the stance remains dovish, considering that a round of dovish rhythm has already been experienced on Friday, the market may maintain a stable performance within market expectations.

During the Christmas holiday, liquidity is expected to decrease significantly, and overall volatility is also expected to contract. In the absence of any particularly significant data, the speech by Zhi Tian has become the only major event worth paying attention to. Be well-prepared and wait for the signals next Thursday.