Big day of world manufacturing indicators

According to the better manufacturing PMI in China 52.4 combined with good forecast of large manufactures index in Japan at 6.50 GMT+7, the most major markets in Asia may open positively early on Monday. However, I suggest to keep focusing on North Korea because Reuters reported that North Korea started moving several missiles out of its production facility in Pyongyang last Friday.
In my opinion, Stock Exchange Thailand also may edge higher following Asian markets and the better price of energy stocks. Due to the firmer greenback, other major currencies dropped. Today U.S. dollar and Wall Street may keep their bullish trend so Thai baht may fall lower slightly. Despite the stronger dollar, the lower forecast ISM manufacturing PMI at 21.00 GMT+7 may give negative for dollar. I hope the fact will not be lower than 58.0 as it may show the weaker U.S. economy and dollar may not rise highly in these months.
Furthermore, euro may keep steady against dollar as inflation did not rise last Friday and manufacturing PMI in German today 14:55 may be the positive for euro. But British macroeconomic seems weaker because of the lower manufacturing PMI at 15:30. As the result, U.S. dollar may rise higher against British pound.
This week crypto-market may recover from the South Korean ban because Japan may give licenses to 11 bitcoin exchanges.

By Niramon Nitnitiphruet
Financial analyst, Olymp Trade

Olymp Trade Review