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May greenback be softer as low inflation?

Olymp Trade

After FOMC meeting minutes released at 02.00 a.m. GMT+7 on Thursday, U.S. dollar struggled because of the lower inflation than Fed’s expectation and worry about financial balance. As the result, euro edge higher 1.1800 against dollar early on Thursday. U.S. market early closes at 13.00 on Friday so investors in USA maybe not active.
In my opinion, major stock markets in Asia may open mixed. SET may move sideways up because foreign investors may buy more and wait to see LTF and RMF. Moreover, German stock market may open lower as the business climate at 16.00 p.m. in November predicted lower. I think German Ifo Business Climate Index (Nov) maybe lower than 116.6 because of the political uncertainty (new election). Today, EUR/USD may mostly move flat or sideways up.
Ethereum seems get back its bullish trend and head up to the last high at 410USD. If it can break 390 points, it may raise up to 410 USD. But if it falls lower than 370 points, it may change trend to flat or sideways down.

By Niramon Nitnitiphruet
Financial analyst, Olymp Trade

Olymp Trade Review

Source: https://olymptrade.com
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