Contributors Fundamental Analysis Catalonia Independence Unlikely to Cause Major Issues

Catalonia Independence Unlikely to Cause Major Issues

Given the uncertainties of Spain and Catalonia, we can see money has been pouring into Bitcoin, but despite this, Equities are not really experiencing large risk-off, but sentiment can change quickly to the downside. Nonetheless, Catalonia’s Independence is unlikely to cause major issues for the EU trading bloc, but it is likely to cause structural economic changes within the Spain/Catalonia region.

The biggest opportunity now for traders is to trade the Spain’s IBEX index. At this point its obviously sell on rallies. If the price gets to 10.205 it could probably be sold towards next support.

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