Will manufacturing of big countries may fall?

Kiwi dollar may head up again after falling since August because labor market may be stronger by good employment change of the third quarter. If employment change in New Zealand at 4.45 early morning today will be better than 0.8%, the currency may rise up. It also could decline, if employment change will be lower than 0.8%. I would like to suggest a break down resistance level at 0.6900 points.

The major stock markets in Asia may open mixed and may move sideways or fall down because investors wait for Caixin manufacturing PMI in China at 8.45. It may edge lower as same as manufacturing PMI on Tuesday. Hence, SET may open lower and may move both zones: red and green. Thai baht may move between 33-33.5 per dollar.
Furthermore, the forecast of manufacturing in UK (16.00) and USA (21.00) are also lower than previous month. It may give negative for currency. In my opinion, U.S. dollar may be weaker than U.K. pound because investors expect that BoE may increase the interest rate on Thursday and oil price may rise higher. The U.S. crude oil inventories at 21.30 may fall lower.
Ethereum may grow up based on the real value in market. The bearish trend have already ended and its price may begin the bullish trend. I suggest 280 points as support line and 320 points as resistance line.

By Niramon Nitnitiphruet
Financial analyst, Olymp Trade

Olymp Trade Review