Risk stays in a better spot to start the week
Dip buyers stepped in yesterday to secure a modest advance after some sluggish tones and the more optimistic mood is continuing so far today with S&P 500 futures less than 1% away from its all-time highs currently.

Further remarks by Rehn
The headline is a fair point but even core CPI has jumped up to close to 2% in the latest . Sure, some of the factors driving the surge may be perceived to be temporary but again, what exactly is the definition of transitory here?

Facebook page of former Secretary of State Powell dead at 84
The official Facebook page of former US Secretary of State Colin Powell says he died today of complications due to covid.

A quick recap
Mark Minervini was on CNBC on Friday and was asked about Upstart, a company he owned and let’s just say it didn’t go well.
You can judge for yourself, but the impression that most people got was that he didn’t know what the company did.

Forex news from the European trading session – 18 October 2021
Headlines:
Markets:
– USD leads, AUD lags on the day
– European equities lower; S&P 500 futures down 0.2%

The market is ramping up BOE rate hike expectations
That of course follows the more hawkish remarks by Bailey over the weekend .
here
It’s important to also put into context the remarks by Bailey as he does put a few caveats associated with any move that the BOE may take in the coming meetings:

OPEC+ fails to pump enough oil once again last month
The bloc is said to have cut its production 15% deeper than planned in September, as compared with the 16% in August and 9% in July. That just reaffirms that they failed once again to pump enough oil to meet the output target, despite a reduction

European Central Bank President Christine Lagarde spoke on
Saturday at an International Monetary Fund event. 
Remarks from Lagarde (via Bloomberg report (may be gated) – )

What are the charts saying for the major currency pairs.
Heading into the new trading week, what key technical levels are in play that traders around the world will be watching (and why?).  Below are the stories…..

Dow has a two day win streak two end the week
A look at the final numbers shows:
For the week,