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

HSBC argues to look past the RBA surprise decision today
The firm says that while it was a surprise that the RBA announced a QE extension today, it simply „mirrors similar commitments by other G-10 central banks, including the Fed, and should therefore not be a significant long-term driver of the currency“.

The short dollar squeeze is starting to take a look at some key levels
A firm break/close below that region will set sellers up for a potential retest of 1.2000 and possibly the 100-day moving average (red line) @ 1.1962 next.

State of emergency extended for 10 prefectures
This just formalises the earlier confirmation .
here

Latest data released by Eurostat – 2 February 2021

Scotiabank argues that the ECB is running out of options to stem further strengthening in the euro currency
The firm says that the rise in EUR/USD since March last year has prompted „what resembles a campaign to implicitly cap the currency“ but that won’t be enough.