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Focusing U.K. inflation report

Olymp Trade

Early in the morning of Reserve Bank of Australia meeting at 07.30 a.m. There will be some significant information for Aussie dollar and stock market. While trade price in New Zealand is still tentative. In my point of view RBA meeting minutes and trade index may effect to Stock markets of both countries.
Focusing, inflation report in the United Kingdom at 17.00 p.m. as it may give positive for pound. The recent inflation in UK is 3% but CPI was decreased 0.1% last time. I think this report may help pound and London stock market hold steady or rise up.
Property in the United States seems grow up well. The Existing home sale in October at 22.00 p.m. forecasted higher so it may support greenback rise up. However, investors still keep eyes on tax reform.
Bitcoin price rose above 8100 USD on Sunday. In my opinion today BTC may drop lower but it may rise up higher 8500 by the end of 2017. Bitcoin cash may try to rise up. I suggest the resistance at 1300 points.

By Niramon Nitnitiphruet
Financial analyst, Olymp Trade

Olymp Trade Review

Source: https://olymptrade.com
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