Looks like what is going in Italy and Europe in general gonna make the euro weaker, Great chance to short the hell out of it
Japan (EWJ) outperforms as Coronavirus cases are low (due to low testing), but country now on the verge of a massive virus outbreak, in line w/ EU & US. Italy (EWI) lags DM, seen as new epicenter of Coronavirus. Country on lockdown, virus priced in (relative to Japan). Italy also has sov debt & banking crisis overhang- but Japan also has massive sov debt &...
The ECB cannot get a grip on it and the 10-year Italian government bond is quoted at 17.8% p.a. on 19 March 2019. Not only is Italy bankrupt, but also the portfolios of the government bond holders are disappearing into thin air, above all the ECB and pension funds and insurance companies. Not funny.
EUR USD SHORT ... AMID CERTAIN COUNTRY LOCKDOWNS AND PRICE ACTION HISTORY WE WILL HAVE A FALLING OF THE EURO AGAINST THE USD UNTILL THE SCARE GOES AWAY AND COUNTRIES COME OF LOCKDOWN AGAIN
Too many humans on this planet. Corona will save us and the Earth. Short the Euro.
Thanks for viewing, I am of the view that the major injection of liquidity will cause a short-term minor bounce and then downward again. There are major issues with consumers withholding spending, goods can't be made, can't be shipped, and people won't buy them. Liquidity can only minimise the second-order effects of that (delay or defend against bankruptcies)....
Yesterday was largely typical of the current week: investors continued exodus from risky assets and increased positions in safe-haven assets. Perhaps the main result of the day can be considered the return of the yen to the fold of safe-haven assets. Recall that last week, after the devastating data on Japan's GDP, there was talk that the yen could no longer be a...
The basic news background is still unchanged: the number of new cases in China is decreasing (+/-500 per day), that is, the epidemic is decreasing. But this is offset by an increase in the number of cases outside of China. And an epidemic from local is increasingly striving to become global. Lockdown in Northern Italy, panic in Iran, growth in the number of cases...
take long position as it is in lower band of the rising parallel channel till price touch resistance line. Then be aware and wait for the break, then take short position. Break could happen sooner be careful. EURUSD is under the long term trend line and as coronavirus is spreading in Italy and restrictions are growing, EUR could have faced downward pressure.
Hello guys i found an ascending triangle on IT40 on the daily chart. We can short now.
Source: Corriere della Sera Over 150 cases of Coronavirus in Italy and 7 regions are blocked and many villages in quarantine. Austria blocked all trains coming from the regions ar risk. Risk on for Europe this week. This present a potential short opportunity as the week starts. This idea provides two target levels and good buyback opportunity at Target 2 if reached.
Today I have a quite unusual stock. Instead of watching Italian football, why not watching some Italian stocks. First of all we can see a bearish trend to the resistence line (1.1185). However, at this point it could reverse. Points to consider: - There is not high volume fluctuations (price will not increase/decrease drastically) - Price quite below EMA 8 so the...
The Italian political scene seems to be calming down with some kind of agreement between 5-Star movement and the Democratic Party. Traders would very much like to see the cautious DP back in power as they would likely defuse the tension between Italy and Brussles. We like continued upside today, with the US being away for Labour Day. Buy intraday dips ahead of...
The forex markets waggled after Italy Deputy Prime Minister Matteo Salvini called for a snap election. Salvini urged the prime minister to reconvene parliament to back his claim that the coalition government is no longer solid. The EURUSD pair clocked in some losses after the news broke out. Additionally, stocks and bond markets in the EU zone reacted more...
Failure to trade higher after 3 time units (reaction) will usually signal a continued decline.
The risk of a battle between the EU and Italy is looming after the EU signalled the launch of an EDP on the deviation of Italy’s 2018 fiscal figures from the EU targets. Statements from the Italian government suggest Italy will not stand down. Sell at market, since we have broken through the continuation point!
Italian markets came under strong pressure yesterday as Bloomberg ran a story that the EUCommission June 5th will consider a disciplinary procedure over Italy’s failure to rein in debt. An Excessive deficit Procedure is a lengthy process, but if the story is true, the standoff between Italy and the EU that we had expected in the autumn could start much earlier....