Some of the headlines crossing on result from the (perhaps unreliable) exit polls on the election
- Italy is headed for serious political gridlock
- Hung parliament
- Hung Parliament, Gridlock
- Italy election seen producing no outright winner
Got the idea?
Much government formation wrangling ahead ...
If you've been following along none of this is news:
- Italy election ... OMG! (not) ... And so EUR/USD makes a new high for the day
- Italy election exit polls coming through now - point to a hung parliament
- Heads up for some news on the Italian election - due at the top of the hour
- Italian election update
- It's all about the Italian election. What to watch for
The risk for the euro is 5 Star and Northern League getting together and making noise about Italy leaving the euro ....
EUR/USD had opened a little stronger in early NZ and into early Australia, the political news out of Germany was favourable over the weekend:
Some of the earlier ... complaceny ???? .... is wearing off now though, EUR/USD back towards lows
Note, of course, this is the 5 minute chart .... taking a step back the range has been small this morning to open the week.
