Italian referendum: ‘Yes vote’ win would be a surprise – Tip TV

“A No vote victory is definitely priced-in, while a ‘Yes’ vote win would be a surprise”, says Marc Ostwald, Strategist at ADMISI, while discussing the various scenarios that could unfold after the Italian referendum on Sunday.

Ostwald points to the weakness in the German 2-year yield as a sign that a ‘No vote’ win has been priced-in. Watch the full segment to know – · If the disconnect between the equities and the rising yields is here to stay for a long time

· Drop in the German bond yields is due to political uncertainty or speculation of more ECB easing

· Non-farm payrolls is a ‘live event’ or a non-event’

Forex traders out there… are you surprised by the relative calm in the Canadian dollar? Ostwald sounds bearish on the Canadian dollar despite the oil rally. Check out the whole video to know the rationale behind Ostwald’s bearish view on the CAD.

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