Focus Bank of Japan decision and U.S. GDP

Asian shares may open mixed because investors keep waiting for U.S. tax reform last vote. SET is closing to the last high at 1789.16 point. If SET keeps moving above 1730 points, it may reach 1789 before New Year by good external support. Nikkei may hold steady waiting for Bank of Japan monetary policy and interest rate decision which is expected the same.
USD/JPY keeps moving between 1.6-2.6 Fibonacci levels. If dollar can break 114.27 points, it may rise up to 116 points. If not it may fall to 110 point, and may continue moving sideways.
I suggest focus on U.S. third quarter GDP at 20.30 p.m. because it may give positive for greenback and Wall Street, if it is better than 3.3%.

Loonie has changed trend to be bullish. It may head up to 1.3 points. However, there are some factors: Canadian ADP nonfarm employment change, core CPI and core retail sales at 20.30 p.m. may keep USD/CAD moving between 0.786-1 Fibonacci levels.

The world's third-largest cryptocurrency by market capitalization – Bitcoin cash (BCH) is rocketing above 3,500USD while the second-largest Ethereum (ETH) just trade above 750 USD. In my opinion, investors speculate on Bitcoin, Bitcoin cash and Bitcoin gold highly. It may not the real value of these assets.

By Niramon Nitnitiphruet
Financial analyst, Olymp Trade

Olymp Trade Review