Several major events in the traditional markets next week are worth keeping a close eye on, as they may have a linked impact on the trends of crypto assets.

First up is the Federal Reserve’s show—the meeting is on December 9-10, with the results coming out at 3 a.m. on the 11th. Powell’s speech will basically set the tone for the market. Then on the 12th, the initial jobless claims data will be released. This comes out weekly, but at critical moments, it best reflects the real temperature of the job market.

Although the November PCE inflation data came out a bit late, the Fed watches this indicator very closely, and once the data is released, market reactions won’t be minor. The most interesting part is the non-farm payroll expectations—the official forecast is an increase of 165,000, while Goldman Sachs slashed it straight down to 125,000. The gap of 40,000 hides a lot of room for speculation.

Gold will probably dance to the tune of these data points this week, and we’ll see whether tokenized gold or $BTC proves more resilient then.