Stay Up to Date with Robin's Market Updates

By providing us your personal data (i.e. name, email address and phone number), you acknowledge and consent to our collection of your personal data for the purposes listed below: • Sending you marketing, advertising or promotional materials related to the content of this website, whether by call, text or email; • Provision of products & services which you have requested for. Please note that you are entitled to withdraw your consent for the collection of your personal data at any point in time by clicking on the "unsubscribe" link in the emails you receive. You may also contact us via robinhosa@phillip.com.sg

Friday, November 25, 2016

Fear Of `No Vote' For Italian Referendum Next Week Could Bring Fear Into The Market Next Week

Constitutional reform vote on Italian referendum due to be held on 4 Dec could bring renew anxiety and uncertainty into European market next week.

Italian Prime Minister Matteo Renzi is at risk of losing judging from  final polls published last Friday before blackout period. Renzi has pledged to step down and  if he does not win and the concern is that he will be forced to call a general election which could be won by anti-euro “populists” who could threatened another “Brexit”. As 4 Dec draws nearer next week, market will take a risk off approach, selling into the current rally. Euro dollar , Dax and European market could faced a selloff when it becomes clearer that Renzi will be losing. Gold could shine again!

All posts and charts are for educational and illustration purposes only

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.