The US dollar hit new multi-year highs after carrying over momentum from the previous week’s employment numbers. Aside from multi-year highs in the dollar, USDJPY managed to touch new highs not seen since before the last financial crisis, as the Nikkei 225 managed to surpass 19,000 for the first time since the year 2000. Copper prices rose modestly, even though the newest growth targets released by the Chinese Central Government were cut from 7.50% in 2014 to 7.00% for 2015. Gold fell briefly below $1150 per troy ounce before rebounding on the dollar pullback; but more interesting was the renewed pressure on crude oil prices. The ECB was relatively successful in its first week of quantitative easing; but it is already running into headwinds as supply of assets will likely not satisfy the ambitious targets.