{
  "id": 17265276,
  "title": "Forecasting the upcoming week: US midterm elections, Payrolls and BoE in the spotlight",
  "url": "https://urgent.news/2026/10/30/forecasting-the-upcoming-week-us-midterm-elections-payrolls-and-boe",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-30T17:21:17.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/forecasting-the-upcoming-week-us-midterm-elections-payrolls-and-the-boe-in-the-spotlight-202610301721"
  },
  "original_language": "en",
  "account": "The US Dollar (USD) regained its strength this week, bouncing back from two consecutive declines and trading close to its key 200-week Simple Moving Average (SMA). The Greenback's recovery was supported by the persistent rise in crude oil prices, and the hawkish message from the Federal Reserve (Fed) at its Wednesday meeting. The US Dollar Index (DXY) saw modest gains, ending the week around the 102.00 level, slightly lower than the weekly high near 102.50.\n\nKey economic data for the upcoming week includes the S&P Global Manufacturing PMI, ISM Manufacturing PMI, and Construction Spending data, all set to kickstart the domestic calendar on November 2. Subsequent data points include JOLTS Job Openings, Factory Orders, the RCM/TIPP Economic Optimism Index, and the API's weekly report on US crude oil inventories on November 3. The US Midterm Elections should start yielding results on November 4, with MBA Mortgage Applications, ADP Employment Change report, Balance of Trade results, and the final S&P Global Services PMI to follow.\n\nOn the European front, EUR/USD continued its decline, hitting 17-month lows near 1.1100 before bouncing slightly. Germany's Retail Sales, final S&P Global Manufacturing PMI, and Eurozone data will be released on November 2 and 3. The S&P Global Construction PMI in the EMU and Germany is expected on November 4, followed by Germany's Factory Orders and Producer Prices. Industrial Production in Germany is due on November 6, along with Eurozone Producer Prices.",
  "summary": "The US Dollar (USD) regained the smile this week, reversing two consecutive pullbacks and trading close to its key 200-week SMA. The Greenback’s recovery has followed the persistent rise in crude oil prices, in a context where a solution to the Middle East crisis appears nowhere to be seen.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}