Italian Election Monitor - Five Star-league Government Steering Towards A Clash

Published 06/01/2018, 07:26 AM
EUR/USD
-

Markets are set to focus on any indications by the new Five Star-League government on its policy agenda and priorities in coming days and weeks.

We expect to see clashes between the Italian government and the EU on the economic ruleset over coming months.

Abandonment of fiscal prudence could trigger more rating action in coming weeks.

We recommend clients take a cautious stance on BTP and focus on other markets such as Spain or France, both of which have widened to Germany/swaps. We expect EUR/USD to retest the 2018 low at 1.1510 over coming weeks.

To read the entire report Please click on the pdf File Below:

Latest comments

Loading next article…
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2025 - Fusion Media Limited. All Rights Reserved.