USD & #Yields rallied significantly, and Stocks sank into long | kamal

USD & #Yields rallied significantly, and Stocks sank into long Easter weekend. #EURUSD tanked under 1.0800 after ECB confirmed QE is set to end in Q3, but Lagarde was cagey on the actual timing and on the prospect of rate hikes. USDJPY hit a new 20-yr high over 126.50. US Claims missed (185k vs 172K), but remain historically low. Retail Sales were better (+0.5% headline, +1.1% ex-autos & big net upward revisions). UoM Consumer Sentiment surprised to the upside (65.7 vs 59.1). Trade prices beat - record-high 4.5% for exports & 11-yr high of 2.6% for imports. All 4-big banks beat earnings expectations but profits fell and shares varied from Citi +1.55% to Wells Fargo -4.51%. Musk moved to buy Twitter, markets not convinced, but he has a "Plan B" if it fails apparently.

Today – French CPI in-line at +1.4% m/m. Empire State Manu. Index.

Biggest FX Mover @ (07:30 GMT) #USDJPY (+0.65%) Continues to rally posting new 20-yr highs over 126.60. Next resistance 126.75 & 127.00. MAs aligned higher.