Strong earning season of the United State

Progress on U.S. tax reforms raised prospects of a fiscal lift to the economy, bolstering investor appetite for risk so U.S. dollar rose up strongly on Friday and investors may keep buying dollar today. As a chair Janet Yellen and other officials of the Federal Reserve suggested the central bank is moving forward with another rate hike this year. I also suggest to focus on a decision of FED new chair by November 3rd.
Dow Jones rose up 165 points supporting by tax reform hope and good earnings reports of American companies such as General Electric. Today U.S. stock market may set to open higher. But Toronto market may open lower by the economy slowdown and European markets may open in different directions because of the ECB meeting and the longer tension in Spain. Nikkei may open higher follow Wall Street and major market in Asia may open mix but I hope SET may open higher on Tuesday by LTF support.
Furthermore, oil price may drop lower because Iraq increase production in South to compensate the North while gold price also may slightly fall by dollar steady. Bitcoin fought its way through the $6,100 barrier, eventually extending as high as $6,200 on Saturday but I suggest to see the completely sell of Chinese market the end of month.

By Niramon Nitnitiphruet
Financial analyst, Olymp Trade

Olymp Trade Review