Italy’s budget of uncomfortable deficits and optimistic growth projections should be presented on 15th for EU scrutiny, points out Tim Riddell, Research Analyst at Westpac. Key Quotes “If it is rejected, Italy will need to rework the budget over a subsequent three weeks. EU Leaders’ meeting (17th-18th) could become be a forum for budget discontent. Unless there is a quick compromise over Italy’s budget (and others!), sentiment should remain heavy, as shown in the BTP-Bund spread remaining elevated around 300bps. Also, rating agencies are due to respond into month-end.” “The expectations components of ZEW surveys tend to lead regional activity and they currently appear to be basing, or even turning. Although there is clearly a lag, this could also allow for a EUR/USD rebound.” “EUR/USD’s 1.12-1.20 range persists. Italian risks are likely to cap rebounds while US economic strength remains a key driver.” 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 US: CPI inflation expected to slow to 2.4% y/y in September – TDS FX Street 4 years Italy's budget of uncomfortable deficits and optimistic growth projections should be presented on 15th for EU scrutiny, points out Tim Riddell, Research Analyst at Westpac. Key Quotes "If it is rejected, Italy will need to rework the budget over a subsequent three weeks. EU Leaders' meeting (17th-18th) could become be a forum for budget discontent. Unless there is a quick compromise over Italy's budget (and others!), sentiment should remain heavy, as shown in the BTP-Bund spread remaining elevated around 300bps. Also, rating agencies are due to respond into month-end." "The expectations components of ZEW surveys tend to lead regional activity… 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.
