It is a slow news day for macro around the world, although the US has a few data points to consider. Front and centre is the weekly update on demand for mortgages and the latest on home prices, plus a regional manufacturing release, which may provide a hint of where the US national data for December is headed. US MBA Purchase Applications (12:00 GMT): This indicator does not usually receive a lot of attention, but today might be different because it is a light day for scheduled economic news. In addition, the previous update on this weekly report revealed that applications for home mortgages fell to the lowest level ... (full story)