Investors await BOE interest rate decision

Investors are waiting for today, one of the significant day in 2017 of Bank of England. It may the first time to increase interest rate in The United Kingdom in 2017. Rising inflation nearly 3% is the important factor which make nine members of the Monetary Policy Committee about to decide the first interest-rate increase. As the result, there has been the strong buy of pound since Monday. I would like to suggest 1.3300 as the local resistance line and 1.3600 as the resistance line for rising interest-rate. I think pound may hit 1.400 points




How can a single Bitcoin, which was no value at the beginning and was trading at only a few hundred dollars two years ago, now be trading at over $6,400? Is there a big Bitcoin bubble? However, as long as new money keeps coming in and redemptions aren't excessive, it could operate like a traditional pyramid Ponzi scheme. Bitcoin may loss its price as Japan warned investors “The price of the initial coin may decline or become worthless suddenly.” Therefore, I suggest to invest in crypto market carefully.

Furthermore, Caixin PMI meet the expectation so it may the good factor to support stock market in Asia including SET. I also suggest to focus the corporate reports in U.S. stock market such as ADP, AIG, and Starbucks on Thursday.

By Niramon Nitnitiphruet
Financial analyst, Olymp Trade

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