On Wednesday, FOMC’s members William and Dudley still see U.S. economic positively and keep their mind to slightly increase the interest rate even New York stock market fell hardly on last Monday. Dudley said the share market has risen for long time with low volatility so it is normal to drop but it does not affect to his vision of the economy. Investor may speculate greenback at the moment before next Fed meeting in March so dollar may keep rising higher. The steady Thai baht may decrease export potential so people expect that Thai bath may fall lowly when greenback may rise up. In my view, if U.S. dollar rise highly, Thai baht may possible to fall lower 32.7 per dollar.
Major stock markets in Asia may keep moving mix as the world stock markets and Chinese indexes at 08.30 a.m. may give negative. If dollar hold steady against six major currencies, some currencies may decrease hardly such as Norwegian krone. The fourth quarter GDP of Norway at 14.00 p.m. forecast lower at 0.5% and it may give negative to NOK, if it is lower than expectation. Pound may edge lower by manufacturing in December which predicts 0.1% lower. USD/CAD may rise higher than 1.2665 points, if Canadian labor market will be weaker: employment change and unemployment rate at 20.30 p.m. which may express the lower employment and higher unemployment. Russian ruble may drop hardly, if central bank reduces the interest rate to 7.50% but it may help export.
The regulation of bitcoin and other cryptocurrencies is far from being a top priority for the European Central Bank. ECB would need to keep an eye on cryptocurrencies as new risks emerged, such as bitcoin futures contracts on U.S. stock exchanges. ECB President Mario Draghi said that European banks were showing "limited appetite" for digital currencies like bitcoin. I think the falling of crypto market this time may need minimum 3 months to recover.
By Niramon Nitnitiphruet
Financial analyst, Olymp Trade