The last day of ICO in China ($1.5M)

Bitcoin fall hardly in September because The Chinese government has banned initial coin offerings and shut down completely by 31 October 2017. It will loss 1.5 million dollar so today may have strong sell and Bitcoin price may drop lower even it had just rocketed a new high 6300$ on Saturday. The present candlestick pattern may show that Bitcoin price may decrees lower.




Focusing the meeting of Bank of Japan today because it may support Nikkei. Stock markets in Asia may open today in different directions as investors focus on manufacturing PMI in China at 8.00 and Bank of Japan monetary policy. SET may keep moving above level 1700 points.
Furthermore, U.S. dollar may hold steady or may rise up against majors currencies by good expectation of consumer confidence (21.00 GMT+7), while CPI in European Union forecasts low. If EU CPI lower than 1.4%, euro may fall lower. But it may edge higher than 1.4% and may give positive for euro. In my opinion euro may move sideways or fall because of the CPI and tensions in Spain.
The significant day of Toronto market as GDP Canada will release today at 19.30. The forecast is better than July so Canadian dollar may rise up and stock market may close higher. I think there is the possibility that Canada GDP may edge lower than expected as Retail sales in August decreased. Therefore I suggest 1.29 points as the resistance line.

By Niramon Nitnitiphruet
Financial analyst, Olymp Trade

Olymp Trade Review