ForexLive Americas FX news wrap: Never underestimate the US consumer 0 (0)

Forex news for North American trade on October 15, 2021:
Markets:
The US retail sales report was a strong surprise but the market reaction was minimal. Later, flows appeared into the London fix with a distinct element of USD selling. That knocked USD/JPY down to 114.00 from 114.42 and hit the dollar elsewhere as well. It later

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WTI crude oil settles at $82.88 in new cycle high to cap eighth-straight week of gains 0 (0)

WTI crude oil up 97-cents to $82.28
What a run it’s been for the crude oil bulls in basically a straight line to $82 from $62 on August 23.
This is the eighth straight week of gains in crude and the highest close since 2014. Today is contract expiration and there’s moderate backwardation through the contract table,

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PBOC says that inflation risks are controllable 0 (0)

Remarks by the Chinese central bank
Well, at least they’re not using the T-word but it is rather implied. In any case, with the shift to ‚common prosperity‘ focus and the power crunch hitting, China is likely to maintain more easy policy in order to support the economic recovery from the pandemic still.

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SPD, Greens, FDP leaders said to be in agreement to recommend starting formal coalition talks 0 (0)

„Traffic light“ coalition impending for Germany
Reuters reports with the above headline, citing sources familiar with the matter. This was the expected outcome after the election but it is taking a while to sort out. Some context on what this could mean for euro area assets .

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