Focus on U.S. Inflation which may affect FED decision

After the FOMC minutes meeting showed that many participants expressed concern about low inflation might reflect on economic growth in USA. However FED will continue to watch the data as we move into December. As the result, I suggest to focus on core CPI at 19.30 today because this index may show inflation. In my opinion, rising core CPI may reflect 2 sides. First, rising a little bit may show better economic so it will positive for USD and Wall Street. On the other hand, if core CPI rise highly such as from 0.2 to 0.4, it may show higher inflation. In this case, it may give negative for U.S. at the beginning but investors may think FED have to increase interest rate in December and will start buying greenback actively.
In my opinion, today is one of the good day for world stock markets. NASDAQ may keep rising or move sideways because of the configure forecast of core retail sales and retail sales at 19.30 today. In my point of view, Thai economic may grow actively after October and SET can move sideways up until the end of year. However, stock markets in European countries may open mixed because of the ongoing political uncertainty in Spain. Euro should move flatly or fall down compare with U.S. dollar. Gold price will also drop lower because of steady dollar.
By Niramon Nitnitiphruet
Financial analyst, Olymp Trade

Olymp Trade Review