Investor’s confidence may slowly return to greenback after U.S. government shutdown had end up in only 3 days on Monday. This factor also supports world stock markets to rise higher on Tuesday. SET rose higher on Tuesday and it may hold steady today. I suggest 1826.78 point as the support line because SET may fall to close a common gap. In my opinion, U.S. dollar may not rise strongly because many released indexes showed the slow down economic in fourth quarter and existing home sales in December at 22.00 p.m. also predicted lower. Investors may wait to see U.S. GDP on Friday.
Pound may get positive support from the lower claimant count change at 16.30 p.m. GBP has been rising since New Year by the optimistic Brexit so any good economic index will be the additional support for pound and London shares. Pound may rise to 1.4600USD while support line at 1.3900USD. I also suggest continue to focus on Brexit and inflation in U.K.
Euro may move sideways between 1.2170 – 1.2300 USD waiting German manufacturing PMI at 15.30 p.m. and other PMI indexes of European Union at 16.00 p.m. which forecast lower a little bit. I think PMI indexes may not affect euro strongly as investors keep eyes on ECB meeting this week.
South Korean cryptocurrency exchange Korbit has barred non-citizens from depositing on its platform. The most crypto currency still on bearish trend and it may take a while to recover. If Bitcoin price fall lower than 10,000USD, it may fall lower to 8,000USD.
By Niramon Nitnitiphruet
Financial analyst, Olymp Trade