This Sunday, March 4, 2018 marks the date the Italian people will cast their vote for the Italian National Elections.

Therefore, volatility may occur at the open of the financial markets on Sunday night/Monday morning, resulting in possible price gaps.

We highly advise you to keep your account well-funded before this event rolls over.

RFXT will not increase margin requirements. However, should there be an increase in estimated volatility, they reserve the right to change them at any stage to mitigate potential risk.

Find out how the markets will be impacted.

Market Impact

Currencies

In the event of a pro-EU elected government, the Euro (€) could benefit from a boost against major global currencies, especially its European counterparts.

The opposite is also true for a government that might be interested in scrapping the Euro as a currency and returning to the previously-used Italian Lira.

Nonetheless, volatility should be above average for EUR pairs.

Commodities

Should the elected government start considering a more-distant connection with the Eurozone, traders will seek Gold and Silver as safe haven products.

Bonds

Italian Yields could experience volatile conditions as another product that traders go to during times of turmoil. Again, this is highly dependent on the newly-elected government.