Focusing CPI of many major countries

According to the very high forecast CPI in New Zealand from 0.0% to 0.4%, New Zealand Dollar may effected. First, the actual of CPI at 04.45 rise up to 0.4% or higher, it may read as the rising inflation of the country. However, it can be also less than 0.4% and this number may give positive to NZD. In my opinion, the third quarter CPI of New Zealand may rise up positively for the currency and NZ Stock Exchange also may open higher.
Furthermore, euro may hold its strength by supporting good economic sentiment in German at 16.00 and CPI at 17.00 GMT+7. U.K. CPI at 15.30 is expected to rise up 3.0% and give bullish trend for pound. In contrast, I think GBP may move flatly or drop lower today because the actual maybe lower than forecasted. However, I also suggest to listen the head of BoE speech at 17.15 for the monetary policy Brexit. It may strongly effect to GBP and London stock market.
Now it may be a strong earning season of some markets such as New York, Tokyo, Shanghai and Thailand. For SET, I advise to be careful about foreign investors sell for benefits. I suggest to focus on ECB meeting next week and do not rely on North Korea.

By Niramon Nitnitiphruet
Financial analyst, Olymp Trade

Olymp Trade Review