Will Thai GDP growth of Q4 reach target?

Dow Jones closed higher on Friday so it was the strong rising week which U.S. stock market edged higher 6 days. European and Japanese shares also slightly close higher on Friday even some Asian markets closed. Today some countries still have holidays such as China, Hong Kong and Taiwan. In the United States also has a holiday for Washington's Birthday. As the result, maybe there are a few volumes in stock markets and market may not trade actively.
I think SET may move follow Asian shares and investor focus on fourth quarter GDP in Thailand on 2017 at 9.30 a.m. which predict 4.4%. In my view, Thai GDP may give negative for SET, if it’s lower than forecast. In contrast, if GDP is lower than expected, Thai baht may fall lower. I think the weaker Thai baht maybe good for Thai economy. I also suggest to focus on BoE char, Carney speech at 13.45 p.m. today because it may help pound to rise above 1.4200 dollar again, if he will signal when or how BoE will change interest rate.
Cryptomarket has begun to recover and Bitcoin price stood above 10,000USD again on Saturday which maybe a psychologically key level as a trigger for new buyers to come into the market. In my opinion, bitcoin price may decline because of the low volume but Ethereum price may rise above 1,000USD again by the harami pattern.

By Niramon Nitnitiphruet
Financial analyst, Olymp Trade.

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