The upcoming week is packed with the global economic calendar, which will have a noticeable impact on financial markets. Let's review the key points together.

Starting Monday, January 5th, the ISM Manufacturing Index and auto sales data will be released sequentially. These two indicators reflect the current state of the manufacturing and consumption sectors of the US economy. Although marked as medium importance, traders with solid fundamentals will not ignore them.

On Tuesday, January 6th, the S&P Global Services PMI data will be released, along with a speech by Richmond Fed President Barkin. Every word from Fed officials can trigger market volatility, especially during this sensitive macroeconomic period.

By Wednesday, January 7th, things start to get interesting. The ADP "small non-farm" employment data, ISM Services Index, JOLTS job openings, and factory orders will be released—an information-dense trading day. Among these, the ADP and JOLTS data are marked as highly important, as they often influence market sentiment regarding employment health.

On Thursday, January 8th, weekly initial jobless claims, trade balance, productivity, and consumer credit data will follow. Market closely tracks weekly fluctuations in unemployment claims.

The grand finale happens on Friday, January 9th. The December Non-Farm Payrolls report, unemployment rate, average hourly earnings, and consumer confidence index will be released simultaneously, all marked as "extremely high" importance. The data combination on this day can significantly alter market expectations, keeping traders on edge. Even a tiny change in the unemployment rate or average hourly earnings can be a turning point for the market.

Overall, this week is a critical window to gauge the health of the US economy and a period when traders need to prepare in advance. Paying attention to the direction and magnitude of these data releases can help you better understand the possible next moves of the market.