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<ul><li>Prior +10.4%</li><li>Market index 218.2 vs 210.5 prior</li><li>Purchase index 174.3 vs 162.2 prior</li><li>Refinance index 438.4 vs 471.2prior</li><li>30-year mortgage rate 6.78% vs 6.75% prior</li></ul><p>Mortgage applications continue to see a rebound to start t

<p>The central bank adds that while that is a tough scenario for the economy, an outright decoupling from China would be much worse for Germany in any instance.</p><p>According to its simulations, real German GDP would be 0.7% lower in the first year of any economic crisis in China and just under 1% lower in the […]

<ul><li>Prior -23</li></ul><p>The UK manufacturing order book balance falls further to start the year, signaling persistent issues within the sector itself. That is further amplified by a drop in the new orders volume from +2 in October to -13 in January. But at least the quarterly survey shows business optimism rising

<p>The dollar is failing to find much comfort amid lower yields and more positive risk sentiment on the session thus far. While both factors are not stretching out too much for now, the greenback is still finding itself offered against the rest of the major currencies. EUR/USD is now up 0.5% to 1.0905 as it […]

<p>GBP/USD was already up to around 1.2730 but is now pulling higher to 1.2750 levels after the UK PMI data <a href="https://www.forexlive.com/news/uk-january-flash-services-pmi-538-vs-532-expected-20240124/" target="_blank" rel="follow">here</a>. The beat on both the services and manufacturing prints

<ul><li>Prior 53.4</li><li>Manufacturing PMI 47.3 vs 46.7 expected</li><li>Prior 46.2</li><li>Composite PMI 52.5 vs 52.2 expected</li><li>Prior 52.1</li></ul><p>The pound is getting a slight lift on this report here as it reaffirms a continued bounce in UK economic activi

<p>Over the past few years, many predictions have been made about the imminent collapse of the market and the U.S. economy as a whole, but the reality has been far more optimistic.</p><p>Were all the problems solved, or were there none at all?</p><p>Let's just say that the risks turned out to be less important tha

<ul><li>Prior 48.8</li><li>Manufacturing PMI 46.6 vs 44.8 expected</li><li>Prior 44.4</li><li>Composite PMI 47.9 vs 48.0 expected</li><li>Prior 47.6</li></ul><p>The overall Eurozone readings are not as bad, even if it does reaffirm the sentiment from the French and German

<p>In turn, that is weighing further on the dollar as USD/JPY falls to a low of 147.45 and is contesting key technical support in the form of its 100-day moving average (red line) again now:</p><p>The softer French and German PMI data may have something to do with the move lower in yields, as it reaffirms […]

<ul><li>Prior 43.3</li><li>Services PMI 47.6 vs 49.5 expected</li><li>Prior 49.3</li><li>Composite PMI 47.1 vs 47.8 expected</li><li>Prior 47.4</li></ul><p>Similar to the French report, there is a beat on the manufacturing index but the services index came in worse than e