No major moves in Europe thus far
European indices are faring decently in the morning session so far with no sudden or big moves since the open. The DAX is up 0.2% but the France’s CAC 40 is down 0.1% while Italy’s FTSE MIB is leading gains as it trades up 0.5% currently.

One for the Turkish lira traders. Erdogan hasn’t stopped at sacking senior officials at the central bank.
From earlier this month:
Erdogan said on Saturday that he had told his foreign ministry to expel the ambassadors of

The new tax will be levied on residential and non-residential property, but not to rural residences. 
An earlier pilot scheme was implemented in 2011 in two cities at rates from 0.4% to 1.2% on higher-end housing and second homes, and has not as yet been applied in more cities.

NASDAQ index lower for the second time in three trading days
Next week is the granddaddy of all the earnings release weeks with Facebook, Amazon, Apple, Alphabet, Starbucks, Boeing, Caterpillar, etc. all on the schedule. 

Forex news for North American trading on October 22, 2021
Fed chair Powell speaking on a panel at a BIS conference, tilted his inflation fear little more in the direction of „inflation will last longer than expected“ and „the Fed has the tools“ to combat a higher inflation rate.   

The USDJPY stalled near the swing high from November 2017 and rotated lower
The USDJPY is closing the trading week at/near the week lows. That breaks a string of 5 straight higher weeks for the pair which saw the price move from 109.10 to the high this week at 114.69 (559 pips). 

What are the charts saying for the EURUSD  in the new trading week. 
The EURUSD traded below the 200 week moving average over the prior 3 trading weeks.  Each of those weeks could not close below that MA level. In fact, the last 3 weeks closed between the 100 week MA above (blue line in the

Crude oil futures up $1.26 or 1.53%
The high for the day reached $83.80. The low extended to $81.76.
A week ago, the price closed at $82.47. The gain of $1.29 represents a gain of 1.564% for the week.  The close is the highest in seven years.  Since August 20, the price of crude oil is up close to

Forex news from the European trading session – 22 October 2021
Headlines:
Markets:
– AUD leads, GBP lags on the day
– European equities higher; S&P 500 futures up 0.1%

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.