Thai GDP may rise and support SET

Wall Street closed lower on Friday as the worry of tax reform. As the result, major stock markets in Pacific and Asia may open slightly lower. However, I think positively with SET because the good forecast of Third quarter GDP in Thailand at 9.30 a.m. is growing up as well as the campaign “SET in the city” may support the stock market.
According to the speech of ECB’s head that economy growth in EU is good even inflation is still low, today at 21.00 Mario Draghi may speak something about a monetary policy which central bank may use to achieve a middle term goal. In my opinion, today euro may steady against dollar. If PPI at 14.00 p.m. in German is higher than expected, it may support euro stand tall.
After Bitcoin cash fell lower 1000 dollar (around 900), it reversed to bull. I think BCH may possible to make a new all-time high. It may close higher 1400 dollar this week. While Bitcoin gold may keep moving sideways. If it can break 200 dollar, the trend may reverse to bullish.

By Niramon Nitnitiphruet
Financial analyst, Olymp Trade

Olymp Trade Review