Another twist to the political merry-go-round in the UK
No10 source confirms reshuffle is on
‚The PM will today conduct a reshuffle to put in place a strong and united team to Build Back Better from the pandemic‘
There has been rumours floating about on this for a few days now and it will begin after PMQs have

Latest data from the Mortgage Bankers Association for the week ending 10 September 2021
–  -1.9%
– Market index 707.9 vs 705.6 prior
– Purchase index 277.9 vs 258.4 prior
The jump in mortgage applications in the past week owes much to a surge in purchasing activity as refinancing activity declined heavily. There’s still some mixed sentiment on the

Oil up another 1.5% today to $71.55
here
The push towards $71.55 now looks to be a clean running one that could extend back towards the 30 July high near $74 as buyers keep in control for now.

A look at what is on the board for today
A couple of big ones to take note of, as highlighted in .
bold
In particular, the ones for EUR/USD (1.1835), USD/CAD, and AUD/USD may act as magnets for price action before rolling off later in the day but if anything else, they could largely just act as

Forex news from the European trading session – 13 September 2021
Headlines:
Markets:
– USD leads, CHF lags on the day
– European equities higher; S&P 500 futures up 0.5%

Is the market headed for a sharp retracement by year-end?
That seems to be the line of thinking among the big houses (↑) as of late at least.
The frothy levels in equities were highlighted in the risk considerations (second bullet point) last week (↓), and that seems to be one of the main reasons that perhaps

Dollar holds a slight edge as well on the day
Equities sentiment is looking firmer to start the new week, as the market mood looks to rebound from the losses sustained last week.

Just a bit of a heads up as to what else is to come later in the week
US CPI (tomorrow) and retail sales (Thursday) releases are the two key risk events to watch out for but just be mindful that we could get more volatility in futures/options/stocks on Friday as it will be ‚quadruple witching‘

Remarks by ECB executive board member, Isabel Schnabel
– Inflation likely to ease noticeably next year
– If we adjust for base effects, inflation today remains too lower rather than too high
To sum up, ECB policymakers are still maintaining their view that inflation is very much ‚transitory‘, although the language and general undertone is seemingly less confident

A few items over the weekend for oil & energy traders to take note of. 
Reuters on German Chancellor Angela Merkel, tried to soothe fears over the Nord Stream 2 gas pipeline on Saturday: