Latest data from the Mortgage Bankers Association for the week ending 19 March 2021
– Prior -2.2%
– Market index 747.0 vs 766.2 prior
– Purchase index 301.9 vs 294.3 prior

Further remarks by Debelle
This is exactly what was highlighted in my earlier post .

dpa reports on the matter
But it looks like that is being scrapped now so as to keep the peace as the weariness of the lockdown since November is continuing to take its toll on morale/mental health.

Forex news from the European morning session – 23 March 2021
Headlines:
Markets:
– JPY leads, NZD lags on the day
– European equities lower; S&P 500 futures down 0.3%

FX outpaces most of everything else that is happening in the market
When you look at the antipodeans being down by 1.1% (AUD) and 1.8% (NZD) on the day, with the dollar and yen leading the charge, it is easy to point towards the market being skewed heavily in risk-off territory all things considered.

Latest data released by CBI – 23 March 2021
The headline reading shows factory orders balance jumping to a near two-year high, as it is the highest since April 2019. Meanwhile, output expectations balance was seen at 30 – up from -2 in February – and that is the highest since August 2017.

Barclays says that the dollar „offers the best of both worlds“
The firm says that the dollar is the place to be with G10 nations set to lead growth against all but a handful of emerging markets (US of course one of the leaders in the recovery), and the greenback also benefits as the best-performing safe

NZD/JPY is down over 2% to 76.35 currently
Much like how the technical picture in NZD/USD is looking poor, NZD/JPY is also not spared from that as the pair hints at a double top pattern around 79.00.

Comments from the governing council member
Central bankers weighing in on market levels is a quagmire, but when you run massive QE programs, that’s the result.

Forex news from the European morning session – 22 March 2021
Headlines:
Markets:
– CHF leads, GBP lags on the day
– European equities mixed; S&P 500 futures up 0.3%