U.K. inflation may reduce

U.S. dollar hold steady on Monday as investor awaits Fed meeting while Asian markets traded mix on Monday. In my opinion, world shares may keep trading mix. While ASX may slip because of the future trade and AUD/USD may keep its bearish trend. I think RBA meeting minutes at 07.30 a.m. may help Aussie dollar to fall slower. U.S. dollar may rise because of the short term speculation before FOMC meeting.
Investor also keeps eyes on inflation of the United Kingdom through the Consumer Price Index of February at 16.30 p.m. which forecast at 2.8%. I think the reducing CPI in U.K. may give positive for London stock market and pound because it may express the lower inflation in the country. In contrast, euro may drop lower, if ZEW economic sentiment of European Union and German at 17.00 is lower than expected. I think even euro fall lower than 1.2200 points, the main trend is still bullish. I suggest the lowest support level at 1.1950 points.
Thai government is establishing tax and law for cryptocurrency and ICO which will have vat 15% for trading and personal income as well as ICO will pay 15% vat and corporate income. The crypto broker must have a KYC (Know-Your-Customer) system. I think cryptocurrencies may continue moving sideways and the target of 2018 may be the last high of 2017.

By Niramon Nitnitiphruet
Financial analyst, Olymp trade.

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