Evergrande main unit says cannot guarantee that financial obligations will continue to be met 0 (0)

A statement released by Evergrande main unit, Hengda Real Estate
The statement reads that it has not made substantial progress in disposing Evergrande assets and that the firm cannot guarantee it will be able to continue to meet financial obligations under its contracts.

Go to Forexlive

AUD/USD keeps a modest advance on the day, tries to get back above 0.7500 0 (0)

AUD/USD buyers not letting up just yet
The daily candle yesterday seemed a bit ominous for the pair as it fell back below 0.7500 and also below the September high of 0.7478. But buyers are showing some added poise on the day as price is up 0.5% to just above 0.7500 currently.

Go to Forexlive

UK October flash services PMI 58.0 vs 54.5 expected 0 (0)

Latest data released by Markit/CIPS – 22 October 2021
The manufacturing reading remains flattered by the elevated supplier delivery times though, in which the index is still extremely subdued (but oppositely reflected in the overall PMI index) due to supply and capacity constraints in general.

Go to Forexlive