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Stocks plummet on Italian political turmoil; EURUSD at 2018 lows 

The latest political developments in Italy have caused some major moves, with more instability sinking stocks and weighing on the Euro. In the short video below we focus on markets that have all been effected by this in our 3 markets to watch this week:

  • ITA40 hits the lowest level since July as coalition government fails to form - down more than 10% in the last 3 weeks
  • DE30 retests key breakout level at 12650 after potential bearish reversal last week
  • EURUSD falls to low 1.15s to trade at its lowest level of the year. Will prior resistance around 1.15 now provide support? NFP on Friday

 

 

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