There’s a key moment coming up in Italian politics that could have repercussions for the entire European Union.Italy is holding a general election on March 4, but it is unclear whether it will manage to form a solid government, which is raising concerns among market participants.Why does this election matter?Italy has been under the caretaker leadership of Paolo Gentiloni since December of 2016 — when Matteo Renzi resigned from the position after his proposals to reform the Italian Senate were not approved in a referendum.
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the Wall Street Journal and The Telegraph, and he also appears regularly as a guest commentator on networks including Sky News, Bloomberg, CNBC and BBC. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.