March 2, 2018

AvaTrade, High Volatility expected on Italian Elections this March 4th

Market Alert: The Italian Game Changer.


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This article is originally referred from AvaTrade News.

The Italian Elections are approaching on Sunday, March 4th, 2018

Open your calendar! In just a few days, Italy goes to the polls to elect a new government and Prime Minister in what is considered one of the most unpredictable political face-offs in Europe.

The Forecast

Last week, EU Commission President, Jean-Claude Juncker, commented:

“We have to brace ourselves for the worst scenario and the worst scenario could be no operational government”

before toning down his statement.

Although the candidate list includes former PM Berlusconi and Matteo Renzi, the populist Five Star Movement is seen surging; and before Italy’s ban on polls it was seen as the leading party, albeit without a majority.

The outcome of Italy’s elections is uncertain; but with the country expecting a hung parliament, markets are due for major volatility on Monday.

What do you think?

Will the elections results take the EUR down? Or will traders be reassured, and the EUR will rise?

Original Source: AvaTrade News

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