Euro Gets a Boost, Italy Coalition Close to Deal

The euro got a boost on Wednesday after news that the Italian 5-Star Movement and far-right League were reportedly close to a deal.

Italy Close to Forming a Government

The euro, which fell approximately 4.1 percent against the dollar over the last month, climbed to $1.16 after reports that the 5-Star Movement and the far-right League were close to a deal to form a coalition government.

Close to a Deal

After 3 months of political deadlock, which saw the euro plunge over political instability in the European Union following the inconclusive March 4 elections the parties are reportedly close to a deal, to form a new government.

Political Risk in Spain

Investors remain wary on the political risks as Spanish, Prime Minister Mariano Rajo faces a vote of no confidence after certain members of his party face corruption charges on Friday.

Pedro Sanchez, socialist leader has pushed for a no-confidence vote against the Spanish Prime Minister after the Gurtel case, a corruption trial found people associated with Rajoy guilty of illegal kickbacks.

The Centre right People’s Party (PP) has been the ruling party for six years, the scheduled no-confidence vote on Friday could see the collapse of the government.

So, if you are considering trading and are wondering how you can actually use this to your advantage CFDs (Contract for Difference) at eToro has many big advantages.

Here’s the deal ………………..

You can profit from falling stocks as well as rising stocks with CFDs, because with CFDs trading according to what you think is likely to happen you profit from the difference.

Because you do not own an instrument or have to purchase it you are free of constrictions of high prices of stocks or commodities.

Also, eToro offers you a 1:10 leverage which means you can invest smaller amounts in the markets using CFDs. You also are able to set stop-loss and take profit orders together with the ability to close your trade when you have realised your gain or loss.

Consider the news report today as:

U.S.-china Trade War Hots Up

The U.S. – China trade war hottened up after the announcement from U.S. Donald Trump that he would be imposing a $50 billion tariff on Chinese imports.

Also, U.S. tariffs on EU exemptions are coming up for expiry this coming Friday.

Against the yen, the euro rose 0.51 percent to 126.19.

The USD/JPY was at 108.72, the dollar fell against the yen.

Pound sterling gained against the dollar, up 0.28 percent at 1.3287.

Against the Swiss franc the euro gained 0.54 percent to 1.1500.

The U.S. Dollar index which measures a basket of six major currencies fell 0.38 percent to 94.45.

You will discover that you do not have to be an expert trader because trading with the leading social network broker eToro you can use their unique copy feature which allows you to copy other successful and more experienced traders.

You also have the option to ‘go it alone’ and make your own investment decisions and trade stocks, commodities, indices and currencies.

eToro offers you many other benefits like:

• 24 hour trading
• Advanced charting, live news feeds, the ability to see what other traders are viewing
• Tutorials, live webinars and more
• Demo account with virtual money
• Live chat customer support

Visit eToro Site

Your capital is at risk

Interested to Register with Other Recommended Brokers? Click Here!







Leave a Reply

You must be logged in to post a comment.