What will happen to U.S. politic after Flynn report?

Wall Street and European stock market closed lower on Friday after a report that Michael Flynn that was directed by President Trump to talk to Russians. In my opinion, this issue may give negative for U.S. dollar and stock market as investors may consider about the political uncertainty. Moreover, North Korea celebrated the successful latest missile “Hwasong-15” which showed power and greatness to the whole world.
In my point of view, today major stock markets in Asia including Thailand may open lower. But gold price may edge higher by the increasing tensions. If gold price can break 1285 points, it can try to rise higher to 1300 point or higher. Brent oil may hold steady or move sideways up after OPEC extended cutting supply to December 2018. Greenback may slightly fall weaker compare to other major currencies. Pound may get positive support from construction PMI at 16.30 p.m. and EU meeting may give some good support for euro.
How far will bitcoin grow? There are believers and unbelievers in bitcoin. The believers think that bitcoin price will keep going up and it may rise to 40,000USD in 2018 but unbelievers keep warning the very high price of bitcoin. French central bank warns that invest in Bitcoin “at your own risk.” If Ethereum price can close higher than 480USD, it may rise up to 500USD again.

By Niramon Nitnitiphruet
Financial analyst, Olymp Trade

Olymp Trade Review