Italy's Deputy PM Di Maio: Euro referendum not part of Italian government plans

Dhwani Mehta FXStreet

In an interview published in Corriere della Sera on Sunday, Italy’s Deputy PM and leader of the 5-Star Movement Luigi Di Maio noted that an Italian referendum to quit the Euro is not in the governing coalition’s contract, Reuters reports.

Key Points:

Asked about a referendum, he said: “It was something the government was “sensitive to”, but it was not part of the governing “contract” agreed between the 5-Star and the League.

“This government will not pursue it.”

Di Maio’s comments came after 5-Star founder, Beppe Grillo, said last week that Italy should have a “plan B” to quit the Eurozone if economic conditions dictated and that Italians should vote in a referendum to see if a majority wanted to quit the currency.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

EUR/USD tests nine-day EMA barrier near 1.1650

EUR/USD moves little after registering modest gains in the previous session, trading around 1.1640 during the Asian hours on Tuesday. The 14-day Relative Strength Index momentum indicator, at 44 (neutral-to-bearish), confirms fading momentum.

GBP/USD meets some resistance near 1.3440

GBP/USD reverses the earlier pullback and manages to pick up strong upside traction on Monday, climbing to as high as the 1.3440 zone. Cable’s sharp bounce comes in response to the fresh selling interest hurting the Greenback amid the resumption of tariff jitters.

Gold edges higher above $4,650 as Trump tariffs spark safe-haven demand

Gold price edges higher to near $4,670 during the early Asian session on Tuesday. The precious metal is set to hit a fresh record high as traders flock to safe-haven assets amid a persistent geopolitical and economic outlook.

When tariffs turn territorial and fast money smell blood in the water

No trader had a US move on Greenland pencilled into their 2026 playbook. This was not a scenario lurking in the footnotes of anyone’s macro outlook. Yet here we are, with tariffs being waved like a naval blockade and diplomacy suddenly trading at a volatility premium.

When tariffs become ammunition and capital becomes the battlefield

Markets opened the week like a risk engine hitting a pothole at speed. Equities stepped back, gold vaulted to fresh highs, Treasuries caught a bid, and the dollar, outside of havens, took on a soft bid. This was not a data-driven wobble or a valuation purge.

Meme Coins Price Prediction: Dogecoin, Shiba Inu, Pepe in a freefall, echoing Bitcoin’s drop

Meme coins, such as Dogecoin, Shiba Inu, and Pepe, extend the decline from last week, with a roughly 3% drop on Monday. The meme coins trade below the crucial moving averages, aiming for the immediate support to potentially reset the momentum.