USD/JPY pops back aboe 119.00 as it threatens the weekly high 0 (0)

USD/JPY has found a fresh bid despite the malaise in Treaasuries today. The pair is up 48 pips to 119.08 in a broadening dollar rebound. That’s just shy of the post-Fed high of 119.12.
A break of that would be a fresh high since 2016 and a close above would confirm the break of the late-2016 high. I

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Poland is pushing for Russian energy sanctions but the bar is high = Eurasia group analyst 0 (0)

There are some interesting comments out from Eurasia Group analyst Mujtaba Rahman today, citing ’senior EU officials‘.
He said there is no appetite among European states for energy import bans, with the exception of Poland and Baltic states. That could change if there are chemical or nucle

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BOE raises bank rate by 25 bps from 0.50% to 0.75% 5 (1)

Prior 0.50%Bank rate vote 8-1 (Cunliffe dissented in favour of maintaining bank rate at 0.50%)Some further modest tightening might be appropriate in the coming monthsThere are risks on both sides of policy judgment depending on how inflation prospects evolveExpects Q1 GDP to rise by around 0.75% q/q

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ForexLive European FX news wrap: Dollar sluggish, pound higher ahead of BOE 0 (0)

Headlines:Russia says that it is putting more energy into peace talks than Ukraine isRussia says that talks with Ukraine are continuingUK military intelligence: Russian invasion of Ukraine has largely stalled on all frontsECB’s Lagarde: Inflation increasingly likely to stabilise at 2% target over me

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Stocks lurk lower, bond yields retreat further on the session 5 (1)

The post-Fed volatility is continuing to play out as equities start to push lower on the day now. S&P 500 futures are down 0.5% while European indices are also turning red on the day. The DAX is down 0.9% currently after a more optimistic open earlier.
The dollar is also making back some ground agai

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ForexLive European FX news wrap: Dollar lower ahead of the Fed 0 (0)

Headlines:Lavrov: Peace talks with Ukraine aren’t easy but there is certain hope for compromiseIEA says 3 mil bpd of Russian oil could be shut in from April as sanctions biteNickel trading reopens on LME, hits 5% lower limitChinese equities bounce back strongly on the dayChina vice premier Liu He: M

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US MBA mortgage applications w.e. 11 March -1.2% vs +8.5% prior 0 (0)

Prior +8.5%Market index 496.5 vs 502.5 priorPurchase index 269.5 vs 267.6 priorRefinancing index 1,778.3 vs 1,829.7 prior30-year mortgage rate 4.27% vs 4.09% priorThe drop comes as the 30-year rate rises to its highest since May 2019, as refinancing activity is marked lower and offsetting the slight

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