Rising refinery demand - Crypto recovered

Due to Hurricane Harvey, U.S. rigs drilling for new production fell and refineries were shot down. Now, refineries are continuing to start up. OPEC and IEA continued to improve sentiment in oil market so Brent rose last week. I think crude price may wait for a signal from U.S. crude oil inventories on Wednesday 20th September. Brent dipped early morning today as oil price seems steady by the above-mentioned factors.
Gold dropped to its lowest level in two weeks early on Monday because of a firmer dollar but I think it may rise up again, if UNSC or USA will use 'Military method' with North Korea. Reuters reports that U.S. Ambassador of United Nations, Nikki Haley, said on Sunday (17 September) “UNSC has used all alternatives with North Korea. The United State may have to send this issue to the Pentagon. (US Department of Defense). Meanwhile, Bitcoin price dropped from $4,100 to $2,900 last week as Chinese government ban and shuts down all exchanges till 30th September but now OKCoin and Huobi are permitted to operate until the end of October for leeway so bitcoin price rebounded to $3,850.
I suggest to focus on CPI of European zone today at 16.00 GMT+7 as it may give positive for Euro and ECB may use this indicators to consider about the quantitative easing (QE) in the meeting next month. This week investors are waiting for the meeting of FED and the interest rate decision. In my opinion, investors may be positive with U.S. dollar and stock market before the meeting because of hope for the good decision.

By Niramon Nitnitiphruet
Financial analyst, Olymp Trade

Olymp Trade Review