Federal Reserve Bank of New York President John Williams spoke to a symposium at Princeton University’s Griswold Center for Economic Policy Studies.
He said the process of reducing the size of the Federal Reserve’s balance sheet could begin at the next meeting, May 3 & 4. The Fed holds around US$9

Bank of America Global Research discusses USD/CAD technical outlook and adopts a sell-on-rallies bias through Q2.
„We previously discussed a bias to fade USDCAD rallies in the 1.29s
as wave 5 of the pattern was estimated to complete there. On March 8

Barclays Research discusses NZD outlook and adopts a neutral bias in the near-term.
„The NZD will likely track broader risk sentiment but could
outperform the AUD, especially on any derisking on data, developments or
ahead of the RBA (5

Stocks push higher into the close. Snatch victory from the jaws of defeat
Key events and releases for next week
WTI crude oil futures settle at $99.27
European Commission says gas companies should pay Russia in dollars or euros
Atlanta Fed GDPNow estimate ticks up to 1.5% from

The major indices are closing higher after a late session surge take the Dow and S&P toward the highs and reverse declines in the NASDAQ index. The major indices snapped a two day decline. The Russell 2000 index was the biggest gainer today. The final numbers are showing: Dow industrial average

What Key events and releases will be on the schedule next week?Monday, April 4Spanish employment statistics, 3 AM ET/0700 GMT. Forecast 15.3K vs -11.4K last weekBOE Bailey speaks.  5:05 AM ET/0905 GMTUS factory orders, 10 AM ET/1400 GMT. Estimate -0.5% versus 1.4%Bank of Canada business outlook surv

The price of WTI crude oil futures is settling at $99.27. That is down -$1.01 or -1.01%. The high price today reached $101.75 while the low extended to $97.78. A week ago today, the price closed at $113.90. The decline of $14.63 represents a tumble of -12.84% for the week. the high for the week was

EURJPY consolidates between hour MA levels

The EURJPY moved below its 100 hour MA for the first time since March 9th yesterday and moved down to test a swing area between 134.61 and 134.86, along with the rising 200 hour MA. The swing area was modestly broken, but the 200 hour MA could

Headlines:The bond selloff is starting to gather pace againEurozone March preliminary CPI +7.5% vs +6.6% y/y expectedUK March final manufacturing PMI 55.2 vs 55.5 prelimEurozone March final manufacturing PMI 56.5 vs 57.0 prelimSwitzerland March CPI +2.4% vs +2.4% y/y expectedMarkets:AUD leads, JPY l

With the bond selloff resuming, USD/JPY is tracking higher although it is off its earlier high of 122.75 to 122.30-40 levels currently. The pair stays underpinned as month-end and quarter-end trading is also out of the way now, allowing traders to focus a little bit more with less uncertainty.
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