$ETH $XMR Want to see through today's market trend? The key depends on how the economic data from Europe and the US perform.

There are quite a few major data releases today. At 15:00 in the UK, economic data for November will be released collectively—GDP, industrial output, trade balance, etc. If the overall data looks weak, risk aversion in the market may intensify, and funds might flow into stablecoins and similar assets for safety.

More importantly, the US side. The initial jobless claims at 21:30 and the two major Fed manufacturing indices are critical indicators to assess how strong the US economy really is. If the data exceeds expectations and shows strong results, the dollar could rally, putting pressure on risk assets.

Keep an eye on speeches from central bank officials. Fed members Barr and Brainard will be sharing their views, and any clues about interest rate paths or liquidity can trigger overreactions in the market. Germany's full-year GDP growth and Eurozone trade data are also worth watching, as Europe's economic outlook directly influences global capital allocation.

For the crypto market, these traditional financial data are not isolated. The US Dollar Index, risk appetite, and interest rate expectations—all can influence crypto prices. So, the best approach for traders is to closely monitor liquidity changes before and after data releases, while combining technical analysis to manage risks. Today’s information flow is quite substantial, and volatility may increase, so cautious observation is the way to go.