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Forex: EUR/GBP in session lows, around 0.8615/10

Renewed bearishness surrounding the sterling and the single currency is dragging the cross to session lows in the region of 0.8615/10 on Monday. ...
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Forex Flash: Commodities fall behing other risk assets – Merrill Lynch

Merrill Lynch analysts noticed that commodities largely fell behind other risk assets in 2012, such as equities or bonds. “In fact, performance has been a drag for the last two years as annualized MLCX TR commodity returns were -0.5% with a volatility of 18.8%, compared to Treasury bond returns of 5.5% with a volatility of 2.1%, or returns for the S&P 500 TR of 10.3% with a volatility of 18.8%”, they wrote, adding that rolling Sharpe ratios for the key commodity indices do not look very appealing compared to other asset classes. “The underperformance of commodities has come at a time where priceadjusted allocations remain at a multi-year low”, they continued, asking themselves if investors are right to move out of commodities.
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