Good bye 2017 – see you again in 2018

Today is the last working day in 2017 before New Year holidays so some stock market opens only half day such as London stock market. SET may try to raise back the historical high at 1789 points. But I think SET may move sideways as investors may slow down invest before holidays. After New Year investors may actively trade in stock markets and SET may edge higher.
EUR/USD may break 1.1950 points, if German CPI at 20.00 p.m. is higher than 0.5%. Inflation in European Union still low so rising CPI is a good signal of growth economy. Moreover, AUD/USD may move between 0.7800 – 0.7850 points. If Australia private sector credit at 7.30 a.m. is higher than 0.4%, it may give positive for Aussie dollar. In my view, If AUD cannot break higher 0.7850USD, it may fall to 0.7750USD and it may back to bearish trend.
Bitcoin price falls back lower than 14,000USD and it may not able rocket a new high above 20K dollar before ending 2017 as many investors expected. I think BCT have to break 17,500USD so it can get back bullish trend. Now it is possible for bitcoin to move sideways down even some analysts forecast Bitcoin price may rise up to 40K – 60K dollar in 2018.

By Niramon Nitnitiphruet
Financial analyst, Olymp Trade

Olymp Trade Review