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Will greenback softer and euro edger higher?

Olymp Trade

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The U.S. economic reports were mixed past weeks and today at 22.00p.m. CB consumer confidence in November forecasted lower than October. If this index is lower than expected, dollar may fall. But greenback may hold steady, if the consumer confidence is higher than 124. In my opinion investors still keep eyes on tax reform and FOMC meeting next month. EUR/USD may mostly move sideways up because economic report in EU was good but there is still the political issue in German.
I also suggest to focus on speech of a head of Bank of Canada at 23.15 p.m. as he may speak some significant monetary policy for ending 2017. Loonie may move between 1.2650-1.3060 points. Furthermore, major stock markets in the world may keep move mixed in red and green zones. SET also wait for new supporting factors to get back above 1700 points.
Litecoin is trying to rise back to the record at 97 points. If it can break 100 points, it may do new all-time high over 110 points. While Bitcoin price is close to 10,000. In my point of view, before New Year bitcoin may reach 10,000 points, if it can break 9750 points. But this week may move sideways.

By Niramon Nitnitiphruet
Financial analyst, Olymp Trade

Olymp Trade Review

Source: https://olymptrade.com
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