Dow Jones closed lower last Friday so major Asian shares may edge lower. However, investors keep eye on big companies’ earnings results such as Alphabet A (Google).
U.S. dollar rose higher against euro last Friday and it may hold steady on Monday supporting by manufacturing PMI in Germany at 14.30 p.m. which forecast weaker and U.S. existing home sales at 21.00 p.m. which may release better than expected. I suggest a support line is at 1.2200 points for EUR/USD. If euro falls lower than 1.2200 dollar, it may fall to 1.2100 points.
Bitcoin price rose to 9,000 USD on weekend but volume decreased so it may drop lower. I suggest support line at 8,500 USD. Ripple (XRP) price also has divergence with volume so it may not able to rise higher than 1.00 USD and it may try to hold above 0.700 USD.
By Niramon Nitnitiphruet
Financial analyst, Olymp Trade.