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Dollar may regains ground

Olymp Trade

Catalonia independence crisis seems more serious this week after Spain gave date line to the Catalan government. In my opinion, stock markets in European countries may open mix on Monday even Euro Stoxx closed higher by good Chinese import data. Madrid may keep slightly drop down from political uncertainty while Frankfurt may keep holding its steady. Stock Exchange Thailand may set to open higher by the high confidence because SET get in top 10 ranking by Corporate Knights. Nikkie also may open higher follow strong earning season of Wall Street.
U.S. dollar may rise up after hit from disappointing inflation data but greenback may swing up and down in October because of unpredictable macroeconomic indexes which effected because of hurricanes. However, investors may keep focusing on U.S. inflation until December. In my opinion, Euro may hold its strength against U.S. dollar because the ECB’s monetary-policy announcement is coming next week. Crypto Asset may rise higher on high demand. Bitcoin may rise to 6000USD in this year and but in October it may take a breath after new high 5800USD.

By Niramon Nitnitiphruet
Financial analyst, Olymp Trade

Olymp Trade Review

Source: https://olymptrade.com/
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