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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Fed to be punching water in fight against inflation 5 (1)

I’m gonna expand some thoughts from this post earlier here.At this stage, there is only one focus when it comes to the Fed and that is inflation. It is the hot topic on everyone’s lips but what exactly can the Fed really do at the moment?As inflation in the US (and across the globe) soars, everyone

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ECB’s Nagel says currently does not expect stagflation 0 (0)

Sees no sign of wage-price spiralShould focus on normalising monetary policyI’d agree that any major connections to a wage-price spiral are not evident at the moment but other issues encompassed by stagflation risks are certainly there. The big issue here though is that what exactly do central banks

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USD/JPY holds at five-year highs ahead of the Fed 5 (1)

At this stage, the Fed has little propensity to surprise on the rate decision today. When markets wanted to run with a 50 bps pricing, they pulled it back and boxed themselves into a 25 bps move later. It would be a big surprise if they do actually hike by 50 bps today but perhaps not entirely u

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