Brexit: UK, EU press conferences likely expected around 0800 GMT today 0 (0)

The anticipation continues to build
Johnson and von der Leyen are reportedly expected to have one final call at 0700 GMT – most likely to make sure that their messages match up – before we get the official press conference to announce that a trade deal has been struck at around 0800 GMT.

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US MBA mortgage applications w.e. 18 December +0.8% vs +1.1% prior 0 (0)

Latest data from the Mortgage Bankers Association for the week ending 18 December 2020
– +1.1%
Purchases activity were seen cooling off with refinancing being the one bolstering mortgage activity in the past week. The housing market continues to keep in a solid position throughout the virus crisis and is staying that way through to the

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Brexit: Johnson, von der Leyen reportedly expected to hold another call today or tomorrow 0 (0)

Reuters reports, citing EU sources on the matter
The two had spoken twice already earlier in the week but there hasn’t been any compromise yet on the fisheries front. There might be some political will to get something done before Christmas, however messed up an „agreement“ may be, but we’ll see.

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Irish PM Martin: On balance, there should be a Brexit deal 0 (0)

Comments by Irish prime minister, Micheál Martin
– The gap is still wide on fisheries
– If there is a breakthrough tonight or tomorrow, EU officials would work on text on Christmas day
Both sides are still not pulling the plug (and I wouldn’t expect them to in all honesty) as we get closer to the transition period deadline

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Gold has stuck to the seasonal script so far in December but further gains may have to wait 0 (0)

Gold is trading up by over 5% since the start of the month
Despite a bit of a pullback from $1,900 from earlier in the week, gold has had a stellar month so far and if the is anything to go by, January promises to be yet another solid month for gold buyers.

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