Italian Constitutional Referendum
Dec 02, 2016 at 07:42
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16 Replies
Dec 02, 2016 at 07:42
Prepare your account/s for the Italian Constitutional Referendum this weekend. Increased volatility and decreased liquidity expected for EUR pairs, Gold, Silver, commodities, CFD's and Indices. Funding account/s should take precedence over opening new orders to protect your account from margin call. Sunday/Monday open may or may not surprise traders, be prepared if you plan to have open positions over the weekend.
For every loss there should be at least an equal and opposite profit.
Membro Desde Mar 14, 2016
35 posts
Dec 05, 2016 at 14:58
The voting result was a bit surprising for me and now Italy will end up in political crisis after the resignation of Renzi. Will follow the next news closely. Good that you opened this discussion! 😄
Dec 05, 2016 at 15:07
For me the result was unsurprising (expect the unexpected - Brexit, Trump... etc.). The volatility was a slight surprise being less than expected thanks to the ECB (maybe a good thing for accounts, but not for profit seekers).
For every loss there should be at least an equal and opposite profit.
Membro Desde Mar 14, 2016
35 posts
Dec 05, 2016 at 15:12
xgavinc posted:
For me the result was unsurprising (expect the unexpected - Brexit, Trump... etc.).
Yes, true!
Membro Desde Dec 11, 2015
1487 posts
Dec 06, 2016 at 11:19
I think it will reach 1.08 - 1.09 before dropping again.
Membro Desde Feb 22, 2011
4862 posts
Dec 06, 2016 at 12:45
stian posted:I hope so :)
Will expect the EUR it to just fall back to it's pre-referendum levels against both USD (~1.0675) and JPY (<122).
Membro Desde Mar 31, 2015
45 posts
Dec 06, 2016 at 15:44
xgavinc posted:
Good to see 'some' movement in the market today... it's been sideways for me the last 2-3 weeks now 🙄
Yes finally but it seems we entered a new flat range just a bit upper after the referendum 😄
forex_trader_382019
Membro Desde Dec 06, 2016
4 posts
Dec 06, 2016 at 15:46
yes, market has been slow
Membro Desde Dec 11, 2015
1487 posts
Dec 07, 2016 at 11:07
I doubt there will be much movement before FED announces whether they will increase the interest rate on the 14th.
Dec 07, 2016 at 16:13
stian posted:
Will expect the EUR it to just fall back to it's pre-referendum levels against both USD (~1.0675) and JPY (<122).
Yees, I was thinking the same thing. My positions are already on the market – let’s see if this will happen. Can’t wait to make some profits here 😄
Accept the loss as experience
Dec 11, 2016 at 07:12
I agree with MC85 there will only be a reaction from Euro is there is very significant instability in Italy. It has long been know that the economy in Italy is weak so it is no surprise. It would take an Italian government to say they want our of the Euro or they are going to default on some debt for there to be any big impact
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