After Fed meeting – Greenback hold steady

The Fed’s economic outlook remained relatively that economy grew 2.3% in 2017 and kept the interest rate unchanged. However, inflation is likely to rise this year so the expectation will be on a new chief Jerome Powell after February. As a result, U.S. dollar hold steady on Thursday. In my opinion, greenback may rise higher today because of the strong labor market: Non-farm payrolls and unemployment rate at 20.30 p.m. which forecast strong.
While Brent rose up a little bit after Fed signals a good economic which express the strong demand of oil, the price may raise above70 USA/barrel again. Oil price may need to break the local bearish trend by rising higher than 69.50USD.


Britain Pound rate may hold steady if construction PMI in January at 16.30 p.m. is better than 52.0. I think pound may take a breath because of the stronger dollar even the construction PMI reach forecast. Therefore, I suggest the support level at 1.4100 points. Moreover, EUR/USD may have the similar situation and I suggest 1.2335 as the support level.
Global shipping giant FedEx has begun efforts to integrate Blockchain-based platforms into its daily operations by joining the Blockchain in Transport Alliance (BiTA). On the other hand, The Japan News reported that the stolen XEM was transferred to 20 different accounts over the course of five days on Wednesday and the metropolitan police department was investigating these transfers as a possible attempt at slowing the investigation into the actual hack.

By Niramon Nitnitiphruet
Financial analyst, Olymp Trade

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