📅 WEEKLY MACRO & RISK CALENDAR | OCT 19–23, 2026 🎯 Main theme The Fed’s blackout runs Oct. 17–29, with no speeches or major U.S. data before the Oct. 28 FOMC decision. Focus shifts to Thursday’s CBRT decision, inflation in Canada, the UK and Japan, Friday’s flash PMIs, and Big Tech earnings. 🗓 Daily calendar (Türkiye time) Mon, Oct. 19 China Q3 GDP/September activity | 05:00 Canada CPI | 15:30 META, TSLA and NFLX report during the week. Tue, Oct. 20 China LPR decision | 04:00 Germany PPI / 🇬🇧 UK labor data | 09:00 ZEW survey | 12:00 Housing starts/building permits | 15:30 Wed, Oct. 21 Japan trade balance | 02:50 UK CPI | 09:00 No major data Thu, Oct. 22 Bank of Korea rate decision | 04:00 SNB September minutes CBRT rate decision | 14:00 Jobless claims | 15:30; KC Fed survey | 18:00 Fri, Oct. 23 Japan CPI | 02:30 UK retail sales | 09:00 Eurozone/UK flash PMIs | ~11:00 Bank of Russia rate decision S&P Global flash PMIs | 16:45; Michigan sentiment | 17:00 Moody’s reviews France’s rating ⚠️ Crypto impact & key risks During the Fed blackout, markets lack fresh rate guidance and rely on data and last week’s CPI/PPI. Tech stocks and Oct. 28 FOMC expectations may drive crypto volatility. UK CPI Wednesday and Japan CPI Friday are key inflation signals; Canada CPI could set Monday’s tone. Hot inflation may lift the dollar and yields, pressuring risk assets. A Japanese surprise could trigger yen-related unwinds. Thursday’s 14:00 CBRT decision is key for Türkiye. The bank held rates at 37% on Sept. 10, pledging tight policy until price stability. Its statement may affect local crypto volumes and TRY pairs. Friday’s PMIs and Michigan sentiment could fuel stagflation fears. Moody’s France review may move European bonds. Thin weekend liquidity may amplify Friday’s moves. Takeaway: inflation early week, CBRT Thursday, PMIs and France’s rating review Friday; Fed silence until Oct. 28. $BTC $XRP