Significant speeches from chief of FED and ECB

General Motors sales in September rise up and it supports U.S. stock market in green zone. I think Asian and European markets may edge higher follow Wall Street and this week the most major world stock markets may stay in green zone because investors are positive by some supporting factors. For instance, investors are focusing and hoping to listen future signal from two important chiefs of central bank: Dragri’s speech (ECB) at 00.15 and Yellen’s speech (FED) at 2.15 GMT+7 today.
In my opinion, October is one of the significant month of European countries because of the meeting of ECB at the end of month. It may decide some new monetary policy about decreasing quantitative easing (QE). However the rising consumer confidence in Europe is the good signal for European economic and it may support stock market of EU countries positively. Moreover, investors are waiting for Yellen’s speech and hope she may give more signals about FED future policy in December but now investors believe that 71% FED may increase the interest rate in December. If chief of U.S. central bank may give more confirmation signals combined with better manufacturing, greenback may keep rising up.
I think stock price of bank industry in major markets may edge higher included stock exchange Thailand. SET will be able to touch 1700 points in October, if foreign investors won’t withdraw. Yen and Thai baht may drop lower slightly while euro, pound, franc and Aussie dollar may flat by steady dollar. Australian dollar may get good support from the higher retail sale forecast early morning at 7.30. If the actual is higher than 0.3%, AUD may edge higher against USD a little bit. Although, the tension on Korea seems ease, we should keep eyes on North Korea.

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