Focus on U.S. oil stock may reduce

Early morning on Wednesday, majors markets in Asia may open mixed as investors are focusing on tentative Chinese trade balance. If the trade balance in China 39.50 billion dollar, it may support stock markets edge higher. In contrast, if Chinese trade is lower than expected, it may effect some markets fall lower.
In my opinion, most Asian markets may slightly drop lower in the morning as U.S. President Trump is visiting South Korea and may increase the tensions on Korea Peninsular. Stock exchange Thailand may move sideways in green and red zones as investors are considering about Thai interest rate at 1.5% and Fed may increase interest rate to 2%-2.25%.
Oil price may edge higher, if the U.S. crude oil inventories at 22.30 GMT reduce lower than 2.8 million barrels. Including an anti-corruption in Saudi Arabian, Brent may rise up. However, if U.S. crude oil stock may increase, oil price may edge lower.
According to Bitcoin price made a new all-time high above 7,600 dollar, in November we may see a new high at 8,000 dollar. Moreover, Litecoin price may move sideways up. If it can break 61 points, LTC may continue its bullish trend. However, investors should consider that Initial coin offering has high risk.

By Niramon Nitnitiphruet
Financial Analyst, Olymp Trade

Olymp Trade Review