Forexlive America’s FX news wrap: Feds Powell tilts his inflation fear 0 (0)

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.   

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What key technical levels are play (and why) in the new trading week for the USDJPY? 0 (0)

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). 

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What key technical levels are play (and why) in the new trading week for the EURUSD? 0 (0)

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

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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.

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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.

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