Focus on UNSC meeting about boycott North Korea

Investors are concerning about the decision of the United Nations Security Council (UNSC) meeting to boycott North Korea today. Meanwhile, the expected increasing interest rate of Fed began to decline after the Hurricane "Irma." Due to these temporary factors, U.S. dollar fell last week. Today greenback recovered and edged up 0.5% against yen as no missile test on weekend and euro starts weaker a little bit early on Monday after ECB has signaled the next step to begin reducing their bond buying last Friday.
In my point of view, the reducing of QE in European zone may affect Asian stock markets such as Nikkei as well as investors also hope that a US tax reform plan will be affirmed, so it may affect the U.S. dollar and stock markets. As the financial analyst of Olymp Trade, I suggest to take into consideration FED interest rate, ECB next monetary policy, U.S. tax reform, Irma hurricane and tension on Korea peninsular. These factors may influence USD, EUR, JPY, Brent, Gold and Indexes. In my opinion the tension may keep supporting gold price higher. While, crude price rose up as Saudi discusses oil supply cut extension and energy demand would be hit hard by Hurricane Irma.
Today I suggest to concentrate on Benoit Coeuré speech, the member of the Executive Board of ECB who is going to speak about the Quantitative easing. It may drop euro lower.

Niramon Nitnitiphruet
Olymp Trade financial analyst

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