Continuation of a great start of 2018

The U.S. major indexes hit fresh record highs: S&P 500 hit a new all-time highs and is closed at 2,751.29 point on Tuesday. I think this is a great start of the year.
Australian dollar may get support from retail sales in November, if it is higher than 0.4%. However, the steady greenback may pull Australian dollar lower. I think AUD may need to break 0.7860 points to get back the bullish trend. But today it may move between 0.7800-0.7850 points. While ECB monetary policy at 19.30 may affect euro in middle term. I suggest focusing on the reducing of QE.
U.S. PPI and initial jobless claims at 20.30 may show the weaker economy in the United State, if these indices will release as the forecast or lower. In contrast, I am positive about the recovery of the U.S. economy so the actual may higher than expected and USD may hold steady.
Crypto market still growing up but this year may not the year for Bitcoin. Ethereum has been rising so fast since opening 2018. I think ETH may rise to 1,500USD. Ethereum needs to rise to around 2,700USD to become the world biggest cryptocurrency (in case BTC price still move around 14,000-16,000USD).

By Niramon Nitnitiphruet
Financial analyst, Olymp Trade

Olymp Trade Review