Market analysis
EURUSD is currently trading around 1.1768 in US session on Friday, slumped almost 0.23% on Italian political populism despite improved EZ economic data and some hawkish ECB talks. Although there was some relief on EUR after reports that Italy’s anti-establishment 5-Star and anti-immigrant League (5SL) dropped its rhetoric for the EUR 250B write-off from the ECB, there were some other points in their official draft to the need for a change in Euro treaties with Italy. The market was also concerned about 5SL’s hidden political agenda of anti-Euro movement in the coming days, which may ultimately call for […]
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