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U.S. economy seems grow well while political crisis in German may effect EU economy

Olymp Trade

S&P made all-time high above 2600 points on last Friday as people shopping on Thanksgiving holidays. It seems economy in the United State of America grow up well in 2017. I think major stock markets in Asia may open higher early on Monday following Wall Street. SET may raise back to 1700 points follow Asian markets and Thai people may buy more for last week of stimulating policy.
I suggest to focus on new home sales in USA at 22.00 p.m. because this index will show the property and economic in USA. If new home sale is more than 625000, greenback may raise up. In my view, today USD may edge higher against euro because of the political crisis in Germany. If euro fall lower than 1.1830 points, it may change to bearish trend. I suggest to keep eyes on the solution of political crisis in Germany carefully.
Bitcoin and Ethereum made all-time highs on weekend but today they may move sideways down. In contrast, Litecoin may keep rising to touch last high at 97 points. In my opinion ETH may move flat for a while before making a new high before end of 2017.

By Niramon Nitnitiphruet
Financial analyst, Olymp Trade

Olymp Trade Review

Source: https://olymptrade.com
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