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Flash: Snap shot on recent BoE and ECB – Bank of America / Merrill Lynch

FXstreet.com (London) - With whispers of negative rates from dovish Central Banks, Bank of America / Merrill Lynch are not so convinced for the time being and offer a less risky framework as a suggestion.

The Global Research team suggests a framework for the European Central Bank (ECB) to carry out outright loan purchases and expand its balance sheet, which in our view would be more efficient and less risky than negative rates. And for The Bank of England, with slightly brighter economic outlook suggests to their research team that monetary policy will remain on hold at least until Mark Carney arrives in July.

Commodities Brief – Sparkle wears off for precious metals Friday, crude oil bounces to 95.00

Gold prices have weakened during European trading Friday, erasing an otherwise positive early performance and falling off highs at 1388. As such, the movement lower took the yellow metal to the depths of 1373 before a mild recovery back to USD $1378.48 per oz. at the time of writing. The outlook remains strictly bearish for the commodity, as precious metals have performed staunchly lower intraweek.
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Flash: What does the GBP/USD have to offer? – Commerzbank and UBS

The sterling has been following its European counterpart these last sessions, remaining subdued amidst the ongoing USD rally which saw the cross falling from highs around the 1.5600 handle in early May to...
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