Latest data from the Mortgage Bankers Association for the week ending 9 July 2021
–  -1.8%
– Market index 727.5 vs 627.0 prior
– Purchase index 273.3 vs 252.4 prior
That is a big jump in mortgage activity as the spike comes amid a surge in both purchases and refinancing, rising by 8.3% and 20.4% respectively in the past

Remarks by BOE policymaker, Jon Cunliffe
UK inflation report
At least he is laying down a timeline to which they will formally formulate a response and that will come in the August meeting, so that will be a key one to watch next month.

Forex news from the European trading session – 13 July 2021
Headlines:
Markets:
– JPY leads, GBP lags on the day
– European equities mixed; S&P 500 futures flat

Remarks by China premier, Li Keqiang
China is trying to tone down that it is being overly accommodative after having , the first time that has happened since April last year.

Latest data released by NFIB – 13 July 2021

St Louis Fed president, James Bullard, remarks in a WSJ interview
He looks to be getting more bold by the day in voicing out these hawkish remarks and the latest round above just adds to that. The dollar is trading near session highs now as it squeezes out slight gains in the major currencies space.

EUR/USD a little lower to 1.1845-50 but holds above key near-term levels
The range for the day is stretching a little but the overall move is still relatively light, all things considered. The pair is seen on the retreat from 1.1875 to a low of 1.1842, testing the confluence of its key hourly moving averages @

GBP/USD down 50 pips to 1.3849 currently
The pair had a great showing on Friday, erasing the week’s losses altogether in a push to the week’s high of 1.3900 at the time. The opening levels today stuck there but there has been a steady retreat since – more so as European traders entered.

Remarks by Richmond Fed president, Thomas Barkin
A fair assessment on the balance of things by Barkin, who isn’t a voting member in the FOMC this year. He also refuses to comment on his views on rate projection in the WSJ interview, saying that it would be inconsistent with the Fed’s framework. Fair enough.

Further remarks by de Guindos
– That includes new definition of price stability
– Withdrawal of stimulus should be gradual, not premature
I reckon we are going to see a bit of a two-pronged element to the ECB meetings in the months ahead. The first being on when they will be scaling back PEPP purchases, which is to