Italy's a Low-Grade Fever Not a Crisis for EU, Strategist Chandler Says

The video discusses the significant drop in the euro and pound, highlighting market speculation about euro options possibly influenced by the Chinese central bank. It also covers Brexit's negative implications for the UK and Europe, and Italy's budgetary issues with the EU, predicting a prolonged struggle without immediate sanctions. The Italian bond market is expected to face ongoing challenges, similar to a low-grade fever rather than a crisis like Greece.

What was the market speculation regarding the euro's price at 1.13?

• The euro would be abandoned by the EU.

• The euro would be pegged to the dollar.

• The euro would strengthen significantly.

• A large double no-touch option might be involved.

Which entity was speculated to be defending the euro's 1.13 level?

• The Federal Reserve

• The Bank of England

• The Chinese central bank

• The European Central Bank

What is a potential consequence of the UK leaving the EU without an agreement?

• It would lead to immediate sanctions on the UK.

• It would negatively affect both the UK and Europe.

• It would have no impact on Europe.

• It would be beneficial for the UK economy.

What is Italy expected to do in response to the EU's budgetary request?

• Make minor revisions to their budget.

• Ignore the EU's request entirely.

• Withdraw from the EU.

• Completely overhaul their budget.

What is the expected outcome of Italy's excessive deficit procedure?

• A quick resolution in Italy's favor.

• Italy's exit from the EU.

• A drawn-out struggle with the EU.

• Immediate sanctions on Italy.