FX Markets Signal Brexit-Like Disruption As Italy Referendum Looms

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zerohedge.com / by Tyler Durden / Nov 22, 2016

FX traders are pricing in as large a intensity intrusion eventuality for Italy’s referendum as they did (correctly) for a Brexit vote. So-called ‘currency-vigilantes’ are shopping EURUSD insurance opposite a Dec 4th date of a opinion in distance as Italian bond spreads (over Bunds) pull to 30-month highs.

Anticipated euro-dollar cost swings for a duration of a Italian opinion surged. Two-week pragmatic sensitivity climbed to 12.5 percent, coming a top given a issue of a Brexit opinion in June… and a reward for that insurance opposite a referendum date is now during the top given Brexit…


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