Davos forum had ended for other years; while German and French president warned against protectionism and globalization (it maybe “American first”) U.S. president Donald Trump explained has frequently attacked free trade deals and preached nationalism. Investors are coming back to America. Investor is satisfying with the economic forum in Davos as leaders expressed the optimistic economic.
Nikkei may open higher following Wall Street even U.S. GDP was drop at 2.6% on Friday. EUR/USD may need to break 1.2450 point to continue its bullish trend. If not, euro may fall lower than 1.2300 USD. U.S. core PCE index in December at 20.30 p.m. may support greenback to hold steady.
GBP/USD may continue its bullish trend, if it still stays higher than 1.400 and will break 1.4300 dollar. I think the better U.K GDP on last Friday may keep supporting pound to hold steady.
Starbucks Chairman is hot on Blockchain but cold on Bitcoin. Starbucks Chairman said the coffee chain plans to incorporate Blockchain technology and digital currencies into its long-term payment technology strategy, and hopes to “expand digital customer relationships” but he does not believe that bitcoin will play a role in this strategy. BTC still move sideways between 11,000-12,000USD. If Bitcoin can break 12,800USD it may rise to 14,000USD.
By Niramon Nitnitiphruet
Financial analyst, Olymp Trade