Today’s economic calendar will focus primarily on US macroeconomic releases, particularly the JOLTS job openings report and factory orders, although the biggest event will undoubtedly be election night and the results of the US midterm congressional elections. Turkey’s annual CPI inflation increased to 29.77% in October, above expectations of 29.5% and the previous reading of 29.73%. On a monthly basis, inflation accelerated to 2.58% from 1.84%, also exceeding the 2.4% forecast, indicating persistent inflationary pressures. AMD, Arista Networks, Amgen and Booking Holdings are scheduled to release their quarterly earnings after the US market closes, while Pfizer and Shopify will report before the opening bell.

Macroeconomic data

• 7:30 AM GMT Switzerland: CPI inflation YoY. Forecast: 1.2%, previous: 1.0%.
• 7:30 AM GMT Switzerland: CPI inflation MoM. Forecast: 0.0%, previous: 0.0%.
• 7:30 AM GMT Switzerland: Core CPI inflation YoY. Forecast: 0.5%, previous: 0.5%.
• 7:45 AM GMT France: Government budget balance. Previous: -€159.80 billion.
• 10:00 AM GMT United Kingdom: 10-year government bond auction. Previous yield: 5.418%, previous bid-to-cover ratio: 3.61.
• 10:30 AM GMT Germany: 5-year government bond auction. Previous yield: 3.22%, previous bid-to-cover ratio: 1.1.
• 11:45 AM GMT US: Pfizer Q3 2026 earnings release.
• 1:55 PM GMT US: Redbook retail sales index YoY. Previous: 9.3%.
• 3:00 PM GMT US: JOLTS job openings. Forecast: 7.164 million, previous: 7.079 million.
• 3:00 PM GMT US: Factory orders MoM. Forecast: +1.2%, previous: +0.1%.
• 3:00 PM GMT US: Revised core durable goods orders. Forecast: +0.5%, previous: +0.5%.
• 3:00 PM GMT US: Revised durable goods orders. Forecast: +1.8%, previous: +1.8%.
• 8:30 PM GMT US: API gasoline inventories change. Previous: +2.39 million barrels.
• 8:30 PM GMT US: API distillate inventories change. Previous: +0.38 million barrels.
• 8:30 PM GMT US: API Cushing crude oil inventories change. Previous: -0.453 million barrels.
• 8:30 PM GMT US: API crude oil inventories change. Previous: -2.031 million barrels.
• 9:45 PM GMT New Zealand: Unemployment rate. Forecast: 5.5%, previous: 5.6%.
• 9:45 PM GMT New Zealand: Labour force participation rate. Forecast: 70.7%, previous: 70.7%.
• 9:45 PM GMT New Zealand: Employment change QoQ. Forecast: +0.4%, previous: +0.5%.
• 10:00 PM GMT Australia: Final services PMI. Previous: 47.8 points.
• 10:00 PM GMT Australia: Final composite PMI. Previous: 47.7 points.
• 10:00 PM GMT Australia: Ai Group Industry Index. Previous: -16.6 points.
• 10:00 PM GMT Australia: Ai Group Construction Index. Previous: -6.9 points.

Central bank speakers

• 8:00 AM GMT Eurozone: Speeches by ECB officials Kocher and Dolenc.
• 10:00 AM GMT Eurozone: Speech by ECB official Moulin.
• 2:00 PM GMT Eurozone: Speech by ECB official Moulin.
• 4:00 PM GMT Canada: Speech by Bank of Canada Governor Tiff Macklem.
• 5:00 PM GMT Eurozone: Speech by ECB official Nagel.
• 6:15 PM GMT Eurozone: Speech by ECB official Sleijpen.

EURUSD chart (D1 timeframe)

Source: xStation5