Important day 5th December for all Thai people

Today is the most important day for everyone in Thailand. 5th December remains as a national day for the late King Bhumibol beloved King of Thai people. The stock market in Thailand closes. However, other stock market in Asia may open higher because senate Republicans have passed the most sweeping overhaul of the US tax code in three decades.
Early morning today Australian stock market may open higher because of the good external factor (USA) and internal factor (interest rate and RBA rate statement at 10.30 a.m., retail sales at 07.30 a.m.). Reserve Bank of Australia may hold the interest rate unchanged at 1.50%. Therefore, retail sales which publish earlier may give the strong effect. If retail sales is higher than 0.3% and interest rate is unchanged, AUD may rise higher. But AUD may be weaker, if retail sales is lower than expectation.
Euro may be weaker compare with dollar, if Service PMI at 16.00 p.m. and retail sales at 17.00 p.m. may show the slow down economic in EU. I also suggest focusing the EU finance ministers meeting. While pound may move sideways down as the service PMI at 16.30 p.m. forecasted lower than October. However, U.S. dollar may edge higher, if ISM non-manufacturing PMI at 22.00 p.m. is higher than 59.1. However, greenback may become weaker, if this index is lower than expected and may have any political issue.
Ethereum may make new high before New Year, if today it can close higher than 480 USD (TF 1day). Moreover, BCH also may keep moving flat, if the price decrease after 1650USD or it may change its trend to be bull, if it can break higher 1650USD.

By Niramon Nitnitiphruet
Financial Analyst, Olymp Trade

Olymp Trade Review