This Tuesday (December 16), a wave of important macroeconomic data will be released, and these indicators will have a direct impact on global financial markets including cryptocurrency market fluctuations.

**European economic data** will arrive first. At 3:00 PM, the UK will release October's three-month ILO unemployment rate, November unemployment rate, and unemployment benefit claim numbers. These three data points together can reflect the health of the UK labor market. Immediately after, at 4:15 PM, France will publish its December manufacturing PMI preliminary; at the same time (4:30 PM), Germany's December manufacturing PMI will also be announced. By 5:00 PM, the Eurozone's December manufacturing PMI preliminary will be revealed. The UK will also release both manufacturing and services PMI data at 5:30 PM. During the same period, Germany and the Eurozone will each publish their December ZEW Economic Sentiment Index, an important indicator of investor confidence. Additionally, the Eurozone will release October's seasonally adjusted trade balance data.

**US data is the real market focus**. At 9:30 PM, the US will release several key indicators simultaneously: November unemployment rate, November seasonally adjusted non-farm payrolls, October retail sales month-over-month, and the annual and monthly rates of average hourly earnings for November. These data directly influence Federal Reserve policy expectations, and the crypto market is usually very sensitive to US employment and wage data. Following that, at 10:45 PM, the US will release December S&P Global Manufacturing and Services PMI preliminary; at 11:00 PM, September business inventory month-over-month data will also be available.

**The speech by Bank of Canada Governor Macklem** will take place at 1:45 AM the next day, which is also an event worth paying attention to.

With such a dense schedule of data releases, the crypto market is likely to experience significant volatility. It is recommended to monitor the release times of US employment data and European PMI preliminary figures, as these are typically key trigger points for market movements.