A video on BoA/ML mid-year outlooks
Something a bit different from eFX today!
In its mid-year press conference in New York today, Bank of America Merrill Lynch outlines its core views on Greece, rates, equities, the Fed, ECB QE, EUR/USD, and other key market topics. Here are a selection of these topics as covered by eFXnews along with a short video for the event.
Greece: BofA thinks that things will get worse before they get better. BofA sees increasing risk of implementation of capital controls and default. A potential messy and protracted divorce is the most negative EUR scenario, according to BofA.
Fed: Better-than-expected May data has led BofA US economics team to maintain their view of a September Fed hike.
Bunds: BofA thinks that the recent Bund sell-off is overdone and expects demand to revive at current levels.
EUR/USD: BofA is targeting parity before year-end.
