Wealthy Year 2018

Starting of 2018, world financial markets keep rising higher with strong confidence of recovering economy. For example, NASDAQ had made the historical high above 7,000 points since opening 2018.
Today Asian investors may await Chinese CPI and PPI in December 2017 at 8.30 a.m. but the forecasting is mix. CPI in China is predicted higher 0.2% but PPI is expected lower 1%. In my opinion, these indices maybe better than expectation because of the previous release. As the result, major markets in Asia may move in green zone.
EUR/USD reached nearly 3 year maximum at 1.2090 USD on 4th January 2018 but greenback has become firmer since Monday. In my point of view, this year euro may rise to 1.25 USD, if it stays above 1.1800 and the rise higher than 1.2270 USD. However, today euro may keep moving between 1.2000-1.1800 points.

Focusing a bitcoin hunter – Ripple which released in 2012 and its market capitalization may become larger than bitcoin, if ripple price hits 7$. I think the recent situation, ripple may need to close higher than 2.8$ then it may rise sustainably above 3$. Ripple became the second-largest cryptocurrency instead of Ethereum at the end of the last year. However, ETH has reclaimed the title of the world’s second-largest cryptocurrency by market value by making a new all-time high above 1200 USD.

By Niramon Nitnitiphruet
Financial analyst, Olymp Trade

Olymp Trade Review