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,

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

Closing changes for the main US equity markets:
On the week:

Bonds continue to price in hikes
The bond market is having a rethink on inflation and interest rates today. US 2-year yields are up 4.5 basis points today to 0.40%. It’s the highest since the start of the pandemic as the front end of the curve looks to make a move.

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,

Forex news from the European trading session – 15 October 2021
Headlines:
Markets:
– GBP leads, JPY lags on the day
– European equities higher; S&P 500 futures up 0.4%

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.