Will Euro continue rising today?

Nikkei fell on Wednesday even Japanese GDP reached expectation at 0.3%. I think it fell because Wall Street closed lower on Tuesday. Tokyo stock market may open higher early morning today supporting by yesterday data. If compare the third quarter GDP in Japan, this actual is better than 2016. The most major markets in Asia declined on Wednesday including Thailand. Today, SET may rise higher a little above 1700 points again or move sideways as no supporting.
Australian dollar may keep falling, if employment change at 07.30 a.m. is lower than 17500 jobs and unemployment rate is higher than 5.5%. In my opinion, Aussie dollar has a strong bearish trend which has started since September. If the labor market is stronger, AUD may be able to rise up only breaking the local at level 0.7710 points. In contrast, if the actual is worse than forecast, AUD may fall hardly.
Euro broke the resistant line at 1.1700 points on Tuesday and it may hold steady. Today CPI at 17.00 p.m. may reach expectation at 1.4% and keep Euro steady. While dollar may slightly drop, if Philadelphia Fed Manufacturing Index at 20.30 p.m. is lower than 25. But greenback also can be firmed, if manufacturing is higher than expected. In my opinion, today EUR/USD mostly move sideways.
U.K. Retail sales at 16.30 p.m. may help pound stronger a little bit from the political uncertainty and Brexit. I suggest to keep eyes on head of BoE speech at 21.00 p.m. Until EU and U.K. finalize the solution of Brexit, investors maybe invest in England carefully.
Bitcoin may try to rise back to 7000 dollar. If Bitcoin can rise to 7000 and keep rising to break 7500, it may possible to make the all-time high above 7800 dollar. While Ethereum seems breaking its flat resistance and start a bullish trend again. In my opinion Ethereum may also make the all-time high over 400 dollar by the end of the year.

By Niramon Nitnitiphruet
Financial analyst, Olymp Trade

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