Latest data from the Mortgage Bankers Association for the week ending 29 January 2021
–  -4.1%
– Market index 981.1 vs 907.6 prior
– Refinancing index 4,746.2 vs 4,261.5 prior
The jump in the past week owes much to a spike in refinancing activity but purchases in general also continue to hold up. That continues to reflect stronger housing

Mizuho outlines the conditions for USD/JPY to rise
The firm says that the market isn’t seeing a significant yen weakening trend at the moment but will feel more comfortable about USD/JPY going back to the 105-110 range if 10-year Treasury yields climb more significantly from hereon.

Is the silver trade looking to switch back up again?
SLV saw a record amount of daily inflows worth nearly $1.6 billion yesterday (h/t @ daniburgz) despite the 9% drop in silver prices yesterday. That might be a sign that there is still strong appetite for silver despite the retreat after hitting $30 earlier in the

Latest data released by Eurostat – 3 February 2021
As mentioned , this shouldn’t change a thing in terms of the ECB outlook as the jump in inflation owes to a host of special circumstances to start the year. In any case, expect more volatility in the numbers to follow in the coming months as well.

Latest data released by Eurostat – 3 February 2021