ECB’s Praet: Persistence of negative rates for 2-3 yrs becomes worrisome for banks

More comments from ECB’s Peter Praet hitting the wires via MNI:

Helicopter money not on the table

Helicopter money not discussed at ECB governing council

German sniping at ECB 'sometimes difficult to swallow'

Persistence of negative rates for 2-3 years becomes worrisome for banks business models

Have consistently maintained since summer 2014 that a strong and sustainable recovery the crisis requires a comprehensive response that involves all economic policies

Gold strengthens from 5-DMA support

Gold found support at 5-DMA level of $1224.57 and strengthened to a high of $1231.72 levels amid volatility in the FX markets and rise in European equ
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USD/JPY focus is now on 106.63 – Commerzbank

Karen Jones, Head of FICC Technical Analysis at Commerzbank, has noted the relevance of the 106.63 level in light of the ongoing weakness in the pair.
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