Week Ahead for FX, Bonds: U.S. Midterms, Jobs Data in Focus; BOE Expected to Raise Rates

The week starting Nov. 2 is set to revolve around U.S. midterm elections and a heavy calendar of jobs and economic data that could shape expectations for Federal Reserve rate moves. Markets will also look to the Bank of England for a likely rate increase, along with decisions scheduled in Sweden, Norway, Brazil and Mexico. In Asia, Australia’s central bank is widely expected to raise rates for a fifth time this year, while Malaysia’s Bank Negara is expected to hold. U.S. investors will weigh whether Democrats gain the House—and possibly the Senate—while Friday’s October nonfarm payrolls report and supporting indicators like ADP, JOLTS, and jobless claims guide timing for future hikes.