Collecting macroeconomic data for next FED meeting

Nikkei may open higher if GDP of the third quarter, which will be released at 06.50 a.m., is better than 2016. If Japanese GDP is equal or higher than 0.3%, it the Japanese yen as well as the stock market will be in green zone. In contrast, if GDP is lower than 0.3%, Tokyo stock market and yen may fall lower. SET may move flat or higher a little bit supporting by external factors.
U.K. labor market may continue pulling pound lower. The higher claimant count change in October at 16.30 p.m. predicted 23000 higher than in September. This may show the weaker labor market in the United Kingdom combined with lower forecast of average earnings index in September. In my opinion, if claimant count change is higher than expected, GBP may keep falling. As U.K inflation is still at 3.0% even Bank of England rose the interest rate last month.
Today investors may keep eyes on U.S. CPI to collect the possibility of rising interest rate in December. At the present more than 80% investors believe that Fed will raise interest rate next month. If today U.S. core CPI at 20.30 p.m. is higher than 0.2%, dollar may become stronger. Even if core retail sale and retail sale may edge lower.
U.S. crude oil inventories at 22.30 p.m. expected lower and may support oil price head up this week. In opposite, I think crude stock maybe higher than forecast but oil price may firm because of the tension between Saudi Arabia and Iran. I suggest to focus on OPEC meeting on 30th November.
Bitcoin price may try to get back its bull while Bitcoin Gold keep falling since the first day launched. In my view, today Bitcoin may slightly rise up and suggest the resistance line at 6900 dollar. If Bitcoin gold could appear the green candlestick above level 188 dollar, it may change to bullish trend. However, the recent pattern of BTG is three back crows (bearish trend).

By Niramon Nitnitiphruet
Financial analyst, Olymp Trade

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