Latest data from the Mortgage Bankers Association for the week ending 3 September 2021
–  -2.4%
– Market index 705.6 vs 719.4 prior
– Purchase index 258.4 vs 259.0 prior

Financial intelligence provider, REDD, reports on the matter
The report says that Evergrande plans to suspend interest payments due on loans to two banks on 21 September. Adding that the company may also suspend all payments to its wealth management products with effect from 8 September.

NHK reports on the matter
While the virus trend in Japan in getting better in the past week, the daily case count is still holding on the higher side as compared to the situation back in July.

Forex news from the European trading session – 7 September 2021
Headlines:
Markets:
– USD leads, AUD lags on the day
– European equities lower; S&P 500 futures flat

The market is showing mixed tones on the day
Let’s take a look at what is happening across the market so far on the day:
European indices are marked lower as the gains yesterday look to be pared back slightly while US futures are still relatively steady near unchanged levels for the most part.

A look at what is on the board for today
Nothing significant to take note of on the day once again and there won’t be much until we get to Thursday to see any potential impact from expiries on price action.

GBP/USD eases below 1.3800 as the pound slips on the session
There isn’t much headlines driving the move but the technicals at least indicate some room to play around with at the current range for cable.

Merkel’s German conservatives bloc falls to 19% in Forsa’s latest poll
It looks to be the changing of the guard in Germany as I don’t think even Merkel’s latest plead to voters to back Armin Laschett will do much help at this point.

Latest Reuters poll to economists on the Bank of Canada
The survey showed that respondents are anticipating the BOC to be on course to raise interest rates to 0.50% in Q4 2022, with 16 of 19 economists expecting at least one rate hike by the end of next year.

Forex news from the European trading session – 6 September 2021
Headlines:
Markets:
– USD leads, AUD lags on the day
– European equities higher
– Gold down 0.1% to $1,823.90