On November 9, the key events and data forecast for this week are as follows: 1. Monday: ① Data: China's October CPI data; China's October M2 money supply year-on-year; ② Events: Speech by RBA Assistant Governor Hunt; Speech by 2027 FOMC voting member and Chicago Fed President Goolsbee; ③ Earnings reports: Occidental Petroleum (OXY.N), Lucid Group (LCID.O), etc. 2. Tuesday: ① Data: US October New York Fed 1-year inflation expectations; US weekly ADP employment change; US October seasonally adjusted CPI month-on-month; US October seasonally adjusted core CPI month-on-month; China's October trade balance in USD; China's October trade balance; ② Events: G7 Foreign Ministers' Meeting, with foreign ministers from Saudi Arabia, Egypt, South Korea, Kenya, Brazil, and Ukraine also attending; US, Russia, and Ukraine meeting in Abu Dhabi from November 10 to 11; Speech by 2027 FOMC voting member and Richmond Fed President Barkin; Speech by Bank of England Governor Bailey on central bank independence; Bank of Japan to release summary of opinions from October monetary policy meeting; Speech by Fed Governor Waller; Speech by 2026 FOMC voting member and Dallas Fed President Logan; ③ Holiday: Indian National Stock Exchange closed for one day due to Diwali; ④ Earnings report: TSMC to release October 2026 revenue report. 3. Wednesday: ① Data: US 10-year Treasury auction yield and bid-to-cover ratio as of November 10; US weekly API crude oil inventory; Germany's October CPI month-on-month final value; ② Events: OPEC to release monthly oil market report; US, Russia, and Ukraine meeting in Abu Dhabi from November 10 to 11; EIA to release monthly short-term energy outlook report; Bank of Canada to release monetary policy meeting minutes; Speech by 2028 FOMC voting member and Kansas Fed President George; Speech by 2026 FOMC voting member and Philadelphia Fed President Harker; ③ Holiday: US markets open normally for Veterans Day, CME's US Treasury futures will also trade normally, but the US cash bond market will be closed all day. 4. Thursday: ① Data: UK Q3 GDP year-on-year preliminary value; UK September three-month GDP month-on-month; UK September manufacturing output month-on-month; UK September seasonally adjusted goods trade balance; UK September industrial output month-on-month; US initial jobless claims for the week ending November 7; US October existing home sales annualized; ② Events: Domestic refined oil to enter a new round of price adjustment window; Speech by 2026 FOMC voting member and Cleveland Fed President Mester; ECB to release economic bulletin; ③ Earnings reports: SMIC (00981.HK), Applied Materials (AMAT.O), etc. 5. Friday: ① Data: US weekly EIA crude oil inventory, weekly EIA Oklahoma Cushing crude oil inventory, weekly EIA strategic petroleum reserve inventory; France's October CPI month-on-month final value; Eurozone Q3 GDP year-on-year revised value; Eurozone Q3 seasonally adjusted employment month-on-month preliminary value; Eurozone...

On November 9, Nick Timiraos, chief economic reporter for The Wall Street Journal and known as the 'voice of the Federal Reserve,' wrote that the results of the U.S. midterm elections have altered the power dynamics between the Trump administration and the Federal Reserve, providing the strongest checks yet on Trump's efforts to control the Fed. With the Democrats gaining control of the Senate, they will have greater influence over Federal Reserve appointments and the ability to block Trump from placing more loyalists on the Board of Governors. Although Trump can appoint his chosen Kevin Warsh as Fed Chair, he still lacks one supporter to secure a majority on the seven-member board. The prospects for obtaining this seat have clearly narrowed. The Trump-led White House has mounted the most direct challenge to the Fed's independence in decades, including an unprecedented attempt to dismiss current board members. Previously, checks on Trump came from several sources: a retiring Republican senator obstructing Fed nominations; Jerome Powell deciding to remain on the board after stepping down as chair; and a court temporarily allowing Fed Governor Lisa Cook to continue her duties. With the Democrats controlling the Senate, these dispersed checks will form a broader institutional constraint. During the remainder of Trump's term, the Democrats will be able to exercise oversight over all personnel nominations to the seven-member board of the Federal Reserve. Mark Spindel, an investment manager who studies the relationship between the Fed and Congress and co-authored related works, believes that Trump's plan to reshape the relationship between the Fed and the White House has faced significant setbacks. 'Clearly, it was declared dead last Tuesday,' Spindel said. He further stated, 'He can no longer get his people onto the board, nor can he fill partisan board seats. This matter is over.'

On November 8, Strive CEO Matt Cole posted a graphic of the company's Bitcoin holdings on the X platform, possibly indicating that BTC accumulation data may be disclosed next week.

On November 8, DeepSeek Harness announced plans to build an official plugin marketplace for developers to publish plugins and users to find them. The company is also preparing a support program for plugin authors, which aims to provide token funding, technical exchanges, and promotion of their works. A call for intentions has been opened, and the rules for participation and details of support will be announced upon the official launch. The team will also enhance the stability and compatibility of the plugin API and strengthen plugin security. The official disclosure revealed that the number of third-party plugins has increased to approximately 35,000, with about 60% of active users having created or installed at least one plugin.

On November 8, the Houthi forces in Yemen stated in a declaration that they would continue to launch military operations deep into Saudi territory as retaliation for the casualties among the Yemeni people, until they force Saudi Arabia to cease its aggression. They also pledged to continue to inflict significant damage on Saudi Arabia through targeted military actions. The statement emphasized that Yemen will adhere to the principle of 'responding to blockades with blockades and escalation with escalation,' and will persist in striking the troop assembly points of Saudi forces and their officers until Saudi Arabia halts its military operations and lifts the blockade on Yemen.

On November 8, according to on-chain data, Hyperliquid whales are significantly shorting Bitcoin: the scale of BTC short positions ranges from $892 million to $924 million, while long positions are between $454 million and $483 million; the largest single short position is approximately $178.5 million, with an average entry price of around $76,400, while Bitcoin's price at that time was about $75,800. Related accounts have been continuously increasing their short positions since turning net short on October 27. Market analysts point out that if the extremely crowded shorts encounter a price increase, forced liquidations could trigger a short squeeze.

On November 8, Reuters reported that French Foreign Minister Catherine Colonna stated on Sunday that European countries will participate in the Ukraine talks to be held in Abu Dhabi next week. In an interview with French RTL radio, Colonna said, "European nations will send a strong delegation; France will be attending these discussions in Abu Dhabi." She added, "I cannot disclose who will represent France at this time, but France will definitely send representatives." U.S. envoy Kurt Volker stated on Monday that Washington will convene Ukrainian and Russian delegations in Abu Dhabi from November 10 to 11 to discuss ending Moscow's military actions in Ukraine, post-war security agreements, and de-escalation of tensions.

On November 8, according to Iran's Mehr News Agency: Farshad Ebrahimpour, a member of the Iranian Parliament's presiding board, responded in an interview to recent remarks made by Iran's Supreme Leader. The Supreme Leader stated that those who still believe that making concessions to the U.S. will lead it to abandon its hostile stance towards the Iranian people are gravely mistaken. Ebrahimpour emphasized that this statement serves as a reminder of an important reality in international relations: the nature of U.S. policy towards Iran should not be solely linked to the government, party, or political faction in power at any given time. He noted that over the past few decades, despite the differing political inclinations of various U.S. administrations, the policy towards Iran has consistently been based on pressure, restrictions, and confrontation. Therefore, the belief that U.S. policy towards Iran would fundamentally change with the alternating governance of its two major parties is inconsistent with historical facts and past experiences. He pointed out that historical experience shows that whenever the opposing side perceives signs of concession or weakness from Iran, it may further raise its demands. From this perspective, concessions that lack effective guarantees and do not consider the interests and rights of the Iranian people cannot be a reliable solution to disputes.

On November 8, according to IRNA, Hamas stated that the Israeli regime is deliberately exacerbating the humanitarian disaster in the Gaza Strip, and the 'Peace Committee' should hold Israel accountable for its ongoing violations of relevant regulations. In a statement on Sunday, Hamas indicated that as the cold season approaches, the Israeli regime is intentionally blocking aid supplies from entering Gaza, further worsening the local humanitarian crisis. Hamas pointed out that the 'Peace Committee' and its senior representatives are responsible for the violations by the Israeli regime, claiming that their failure to take action has intensified the suffering of the displaced Palestinian people in Gaza. Hamas also called on mediators to ensure that the Israeli regime adheres to humanitarian protocols and allows aid supplies to enter the Gaza Strip.

On November 8, Michael Saylor posted a Bitcoin reserve value chart on X, captioned simply 'Connecting the dots' without further explanation. The chart cites data from SaylorTracker: Strategy has made a total of 120 purchases, holding 849,327 BTC at an average cost of $75,446. As of November 6, the reserve's market value was $6.444 billion, with a daily increase of 0.21% (+$133 million).