{"id":24966,"date":"2011-11-05T15:15:40","date_gmt":"2011-11-05T19:15:40","guid":{"rendered":"http:\/\/countingpips.com\/fx\/2011\/11\/05\/weekly-fx-fundamental-preview-%e2%80%93-italy-is-the-key\/"},"modified":"2011-11-05T15:15:40","modified_gmt":"2011-11-05T19:15:40","slug":"weekly-fx-fundamental-preview-italy-is-the-key","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2011\/11\/05\/weekly-fx-fundamental-preview-italy-is-the-key\/","title":{"rendered":"Weekly FX Fundamental Preview \u2013 Italy is the Key"},"content":{"rendered":"<p><strong>Source: <a href=\"http:\/\/www.forexyard.com\/landsys\/general_static\/en\/?pid=545&#038;mid=888&#038;cid=15844&#038;zid=15873\" target=\"_blank\">ForexYard<\/a><\/strong><\/p>\n<p><img decoding=\"async\" src=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/profile-pics\/9.jpg\" width=\"120\" alt=\"printprofile\" \/><\/p>\n<p>While the Greek drama took perhaps its most interesting turn yet this past week with Greek Prime Minister George Papandreou\u2019s daring call for a <a href=\"http:\/\/www.forexyard.com\/blog\/en\/2011\/11\/02\/markets-begin-to-recover-from-greek-referendum-surprise\/\">referendum<\/a>, traders should be focusing on the risks from Italy.<\/p>\n<p><span><\/span>Today\u2019s <a href=\"http:\/\/europe.wsj.com\/article\/SB10001424052970203804204577017573707549462.html?mod=WSJEurope_hpp_LEFTTopStories\">+80K jobs report <\/a>and the upward revised September numbers may leave markets heading into next week on a positive note. However, this evening\u2019s Greek confidence vote still has the opportunity to torpedo any constructive sentiment. <\/p>\n<p>Next week\u2019s economic calendar is light on the important data releases. As such, traders will be turning their attention towards events in Europe. While the Greek saga looks to continue, the situation in Italy remains the key. Italian 10-year bonds are currently yielding 6.20% and the spread between the equivalent German bund is now up to 450 bp. The Italian fiscal situation is unstable and the political situation looks to be on even shakier ground. Coalition partners are abandoning <a href=\"http:\/\/www.bloomberg.com\/news\/2011-11-04\/berlusconi-s-fraying-coalition-threatens-economic-reforms-demanded-by-g-20.html\">Italian Prime Minister Silvio Berlusconi<\/a> which is ability to push through financial reforms.<\/p>\n<p>All of this comes on the back of a <a href=\"http:\/\/www.forexyard.com\/en\/market-analysis\/eur\/\">25 bp rate cut<\/a> by the ECB and Mario Draghi\u2019s comments that Europe is entering a \u201cmild recession\u201d. None of the above political and macro-economic factors are thought to be EUR positive. <\/p>\n<p>Read more forex trading news on our <a href=\"http:\/\/www.forexyard.com\/blog\/en\/\">forex blog<\/a>.<\/p>\n<p><strong><a href=\"http:\/\/www.forexyard.com\/landsys\/general_static\/en\/?pid=545&#038;mid=888&#038;cid=15844&#038;zid=15873\" target=\"_blank\">Forex Market Analysis provided by ForexYard. <\/a><\/strong><\/p>\n<p>\u00a9 2006 by FxYard Ltd<\/p>\n<p>Disclaimer: Trading Foreign Exchange carries a high level of risk and may not be suitable for all investors. There is a possibility that you could sustain a loss of all of your investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with Foreign Exchange trading. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Source: ForexYard While the Greek drama took perhaps its most interesting turn yet this past week with Greek Prime Minister George Papandreou\u2019s daring call for a referendum, traders should be focusing on the risks from Italy. Today\u2019s +80K jobs report and the upward revised September numbers may leave markets heading into next week on a &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2011\/11\/05\/weekly-fx-fundamental-preview-italy-is-the-key\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Weekly FX Fundamental Preview \u2013 Italy is the Key&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-24966","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/24966","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=24966"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/24966\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=24966"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=24966"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=24966"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}