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Wednesday, July 16, 2025

European Markets Wrap-Up: US MBA mortgage applications w.e. 11 July -10.0% vs +9.4% prior

US MBA mortgage applications w.e. 11 July -10.0% vs +9.4% prior

Market index 253.5 vs 281.6 prior Purchase index 159.6 vs 180.9 prior Refinance index 767.6 vs 829.3 prior 30-year mortgage rate 6.82% vs 6.77% prior This is never a market moving release. Mortgage ap... 

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GBPUSD Technical Analysis – The pair sits at a key support

Fundamental Overview The USD yesterday got a boost across the board following the US CPI report. The data was actually in line with expectations and arguably on the softer side than feared. In fact, t... 

Eurozone May trade balance €16.2 billion vs €14.0 billion prior

Prior €14.0 billion; revised to €15.1 billion... 

What is the distribution of forecasts for the US PPI?

Why it's important? The ranges of estimates are important in terms of market reaction because when the actual data deviates from the expectations, it creates a surprise effect. Another important in... 

Russia says no phone call with Trump is planned for now

Phone call with Trump is not planned But one can be organised quickly Subject of weapon supplies to Ukraine is high on the agenda US providing weapons to Ukraine is "just business" The politicking con... 

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Latest Forex Orders

FX option expiries for 16 July 10am New York cut

There is just one to take note of on the day, as highlighted in bold . The dollar has strengthened after the US CPI report yesterday here . At face value, the numbers appeared softer but there was alr... 

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