Expectations for today’s single bit of data are less than noticeable. The only figure to be published today will be the Mortgage Bankers’ Association’s (MBA) Mortgage Delinquency report at 15:00 GMT, and isn’t expected to impact market movements too heavily; especially considering the flurry of events out tomorrow.
Last month’s reading of 8.32% was less than many had expected and likely correlated with the string of housing reports over the past month which have shown similar optimism. If today’s report can meet such expectations, riskier assets like the euro (EUR) could find themselves moving slightly upward as traders seek out higher yields in this thin trading environment.
