China and Taiwan still close for Lunar New Year but Hong Kong already open on Tuesday. Mostly, major indices in Asia edge higher on Monday including Thailand. However, Thai fourth quarter GDP in 2017 decreases lower than expected and yearly growth is 3.9% for last year.
AUD/USD may try to rise 0.800 supporting by the weak greenback and RBA meeting minute at 7.30 a.m. In my opinion, Aussie dollar may need to rise above 0.7950 USD to break the local bearish trend. Euro seems reverse after retest resistant level at 1.2500 dollar. Germany and European economic sentiment at 17.00 p.m. predict lower. In my view, euro may move sideways down, if U.S. dollar is still weak and economic sentiment in German and EU reach target.
Bank of Thailand sent letters to commercial bank in Thailand for cooperation of abstaining transactions related to Cryptocurrency for both saving account and credit card. In contrast, the first Thai ICO “JFin Coin” had sold out 100million coins at 6.60 baht for 3 days (14-17 February 2018). I suggest investor trade crypto currencies carefully.
By Niramon Nitnitiphruet
Financial analyst, Olymp Trade.