Next week’s economic calendar may be the busiest in months, with significant volatility expected—stay alert... 📅 WEEKLY MACRO & RISK CALENDAR | NOV 2–6, 2026 This week’s key themes: U.S. midterm elections, the October employment report due Friday, and interest rate decisions from the Bank of England and the Reserve Bank of Australia. The Fed is not meeting this week (its last meeting was Oct 27–28; the next is Dec 8–9). Since the U.S. switched to standard time on Nov 1, U.S. data is now released 8 hours ahead of TSİ: 08:30 ET = 16:30 TSİ, 10:00 ET = 18:00 TSİ. MONDAY, NOV 2 🇺🇸 18:00 – ISM Manufacturing PMI (October) 🌍 Global Manufacturing PMI final readings (October) 🇨🇳 China’s Standing Committee of the National People’s Congress convenes (continues through Nov 6) TUESDAY, NOV 3 🇦🇺 06:30 – RBA interest rate decision and Monetary Policy Statement 🇹🇷 10:00 – TÜİK October inflation data 🇨🇭 Switzerland CPI (October) 🇺🇸 18:00 – JOLTS Job Openings (September) 🇺🇸 U.S. midterm elections: 35 Senate seats, all 435 House seats, and 36 state governorships up for vote. Results will begin to emerge overnight, becoming clearer by early morning TSİ on Nov 4. WEDNESDAY, NOV 4 🇪🇺 13:00 – Eurozone Leading CPI (October) 🌍 Services and Composite PMI final readings (October) 🇺🇸 16:15 – ADP Private Sector Employment (October) 🇺🇸 16:30 – Trade Balance (September) 🇺🇸 16:30 – U.S. Treasury Quarterly Refunding Announcement 🇺🇸 18:00 – ISM Services PMI (October) 🇸🇪 Riksbank interest rate decision 🇵🇱 NBP and 🇧🇷 BCB interest rate decisions 🇯🇵 BoJ September meeting minutes THURSDAY, NOV 5 🇬🇧 15:00 – Bank of England interest rate decision and Monetary Policy Report 🇳🇴 12:00 – Norges Bank interest rate decision 🇨🇿 CNB and 🇲🇽 Banxico interest rate decisions 🇺🇸 16:30 – Weekly Initial Jobless Claims 🇨🇦 Canada federal budget FRIDAY, NOV 6 🇺🇸 16:30 – Non-Farm Payrolls (NFP), Unemployment Rate, and Average Hourly Earnings (October) 🇨🇦 16:30 – Canada Employment Report (October) 🇺🇸 18:00 – University of Michigan Consumer Sentiment (Preliminary, November) 🇩🇪 Germany Industrial Production (September) 🇪🇺 Eurozone Retail Sales (September) CRYPTO MARKET IMPACT & WEEKLY RISK NOTES The biggest uncertainty this week is the election outcome. Which party controls Congress will directly impact expectations around taxation, spending, regulation, and crypto legislation. Since results will only become clear late at night TSİ time, high risk of sudden price gaps and volatility during Asian session trading. A prolonged count or close results could extend uncertainty for several days. Friday’s NFP is the key data point that will reshape market expectations for the Fed’s December meeting. Below-consensus employment figures and a cooling labor market could strengthen pricing for rate cuts, supporting BTC and altcoins; a hot report may push the dollar and Treasury yields higher, dampening risk appetite. Wednesday’s ADP and ISM Services data may set the tone ahead of Friday’s NFP. The U.S. Treasury’s refunding announcement on Wednesday will be closely watched for implications on long-term bond supply and market liquidity. Surprise increases in auction size or changes to maturity structure could trigger volatility in yields. On the global central bank front, the RBA decides on Tuesday, the Riksbank on Wednesday, and the Bank of England on Thursday. Any surprise hawkish moves could tighten global liquidity conditions and trigger short-term selling pressure in risk assets; BoE’s vote split and forward guidance tone will be decisive for market pricing. Wednesday’s preliminary Eurozone CPI reading will serve as a key reference for ECB expectations. In Turkey, Tuesday’s inflation data will guide expectations for TCMB’s rate path and TL-denominated assets. Crypto trading volume locally and the USDT/TL exchange rate may move significantly following the release.Technically, the riskiest windows of the week: the election outcome period between Tuesday night and Wednesday morning, the U.S. data密集 period from Wednesday 16:15–18:00, and the Friday 16:30 NFP release. Due to potential liquidity thinning during these windows, leverage positions should be carefully reviewed with respect to stop levels and position sizing. bitcoin:native ripple:native #gold #bist100