There’s not much for traders to work with to start the new week so it seems like we are seeing the technicals stay more respected.
European equities are mixed with US futures slightly lower, while bond yields are continuing to keep higher on the day. I would say there’s not much conviction to start

The Canadian dollar finished the week strong with USD/CAD falling to 1.2600 at Friday’s close from as high as 1.2870 on Tuesday. That’s very close to the seven-week low of 1.2587 set at the start of the month.
For months, the loonie has been stuck in a push-and-pull from rising commodi

Fed’s Waller: The data is basically screaming at us to go for 50 bps
Fed’s Barkin says he’s ‚very open‘ to a 50 bps move if inflation does not begin to settle
Fed’s Kashkari sees rates at 1.75-2.00% at year-end
Biden-Xi call report says US did not make requests of China
White

I don’t know if there’s anything new here. If anything this sounds a bit softer than some of the earlier readouts.

Biden stressed to Xi that providing material support to Russia would have consequences not just from the US but the wider world
Laid out to Xi in detail the unified r

Biden described the consequences if China provides material support to RussiaTold Xi that US policy on Taiwan has not changedIt looks like Xi is in a tough spot.

The odds of a 50 basis point cut on May 4 are at 47% at the moment. I imagine this debate will be going on for awhile.Yield curve a ‚handy predictor‘ but not ‚destiny’Balance sheet reduction should begin ’soon‘

In its weekly FX pick, analysts at MUFG suggest selling the euro from spot with a target at 1.0710 and a stop at 1.1230.
„Based on the events unfolding and the immediate outlook ahead, we see a greater risk of a renewed deterioration in market conditions with the US dollar set to advance v

I think US housing is the single best trade in the world. Mortgage rates are rising fast but 7 hikes are now priced in for this year and a few more after that. I just can’t see a sudden stop in demand with borrowing rates up 50 bps in the past couple months.From CIBC: Freddie Mac reported that the 3

St Louis Fed President James Bullard dissented in Wednesday’s decision. He called for a 50 bps hike and also wanted to start trimming the balance sheet. He noted that the economy will grow above trend in 2022 and 2023 and further strengthen a jobs market that’s „already stronger than it’s

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