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Justin Low

US MBA mortgage applications w.e. 21 October -1.7% vs -4.5% prior

Prior -4.5%Market index 201.1 vs 204.6 priorPurchase index 160.4 vs 164.2 priorRefinance index 394.6 vs 394.6 prior30-year mortgage rate 7.16% vs 6.94% priorYikes. The average interest rate of the most popular home loan...

UK finance minister Hunt announces delay to fiscal plan to 17 November

Medium-term fiscal plan will now be full 'autumn statement'Has discussed this with BOE governor Bailey, says he understands the reasoningDelay is the best way to make sure we take the right decisionsI noted...

Dollar slides further on the session as bond yields fall

How quickly things can change. As we got into Friday trading last week, the dollar was in a firm position all before some dovish Fed talk came in and things swung back the...

EUR/USD hits parity for the first time in five weeks

We're seeing a broad wave of selling in the dollar now as the retreat this week continues to play out. The greenback is struggling amid a shove lower in bond yields, with 10-year...

FX option expiries for 26 October 10am New York cut

There are a couple to take note of, as highlighted in bold.All being for EUR/USD with the notable one being at parity, where there are also large expiries seen at said level all...

A couple of light releases coming up in Europe today

The bond market observed a strong rally in US trading yesterday and that led to the dollar falling while stocks saw a notable resurgence as well. The greenback in particular saw some heavy...

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