Headlines:Dollar in cruise control in European morning tradeTreasuries selloff deepens, yields continue to break higherRussia says that peace talks with Ukraine have not stopped, being held remotelyEurozone May Sentix investor confidence -22.6 vs -20.8 expectedSNB total sight deposits w.e. 6 May CHF 750.9 bn vs CHF 744.4 bn priorFrance March trade balance -€12.4 billion vs -€10.3 billion priorMarkets:USD leads, AUD lags on the dayEuropean equities lower; S&P 500 futures down 2.1%US 10-year yields up 4.9 bps to 3.173%Gold down 1.4% to $1,858WTI crude down 2.5% to $105.61Bitcoin down 3.8% to $32,756We’re starting the new week from how we left things off at the end of last week and for most of April trading.Buy the dollar, sell everything else. That is the the overarching theme today, even in the commodities space. The greenback is running rampant with USD/JPY trading above 131.00, GBP/USD having dipped to fresh lows since June 2020 below 1.2300 (before recovering some ground) and AUD/USD testing a break below 0.7000 for the first time since the end of January.EUR/USD fell to test 1.0500 again before keeping around 1.0520-30 levels now, down 0.2% on the day.Elsewhere, bonds are still selling off on the long-end of the curve as 10-year Treasury yields climb towards 3.17%. That is weighing heavily on tech sentiment and stocks in general as the selloff in equities deepens. S&P 500 futures and Nasdaq futures are down over 2% and European indices are also following suit with similar losses.In the commodities space, gold is down over 1% to $1,858 while oil is also down over 2% with Brent nearing $110 again.It’s pretty much markets being in a sell everything mode and that includes Bitcoin, which is down to its lowest since July last year below $33,000.