Sensitive issue that Asian stock markets must concern

North Korea's economy may not survive another year under sanctions. For negotiating, we need to understand what Kim Jong Un thinks in his head. If UN and USA choose the wrong way, it may possible to start a new war on Korea Peninsular. This is a very sensitive issue and it will damage stock markets in Asia such as Japan, South Korea and China. However, now it’s the good earning season of World markets including Asia. Early morning today, the major markets in Asia may set to open higher by the good expectation of Chinese economy: GDP and industrial production at 9.00 GMT+7.
Stock Exchange Thailand may regain follow Asian markets and investors still have good trust in the market even SET dropped a little bit early this week by big lot sell. Australian dollar and stock market may fall lower in the morning today from the weak forecast employment change. I think AUD may edge lower not much today even in the morning it may fall down lowly but the end of the day U.S. dollar may become a little bit weaker by Fed manufacturing index at 19.30 GMT+7. In contrast, I also think that it’s possible about higher 15000 jobs employment change in Australia in September and it may give positive for the currency.
The Great Britain pound may drop down as people are worry about the Brexit combined with the low forecast of retail sales at 15.30. If the retail sales will low as forecast or low than -0.1%, it may have strong negative for pound. In contrast, if the actual of retail sale better than expected, English pound may rise up a little bit because people become less confident about a smooth Brexit. Moreover, oil price may hold steady because the tensions in Iraq could disrupt supplies so I think Brent may move flatly or sideways up slightly.

By Niramon Nitnitiphruet
Financial analyst, Olymp Trade

Olymp Trade Review