Analysts at ING note that the euro has proven to be quite resilient to the latest developments in Italy and is likely due to markets still attaching a relatively high probability that a new majority will be found and snap elections will be averted for now. Key Quotes “If these expectations prove wrong, new elections would likely have the potential of adding pressure to the euro outlook, already clouded given the ECB ultra-dovish stance.” “New elections have the potential of adding pressure to the euro outlook, already clouded given the ECB ultra-dovish stance.” “We suspect that any euro downside will likely be mirrored in a weaker EUR/CHF rather than EUR/USD. Indeed, the franc has been historically well correlated to movements in BTP rates and may also benefit from a further escalation in global trade tensions as well as ECB easing. Our 3Q19 forecast for EUR/CHF is 1.07.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Wall Street opens with strong gains as risk sentiment recovers FX Street 4 years Analysts at ING note that the euro has proven to be quite resilient to the latest developments in Italy and is likely due to markets still attaching a relatively high probability that a new majority will be found and snap elections will be averted for now. Key Quotes "If these expectations prove wrong, new elections would likely have the potential of adding pressure to the euro outlook, already clouded given the ECB ultra-dovish stance." "New elections have the potential of adding pressure to the euro outlook, already clouded given the ECB ultra-dovish stance." "We suspect that any euro downside will… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
