World markets declined after Tillerson dismissal

The U.S. Secretary of State Rex Tillerson was suddenly dismissed on Tuesday. Dow Jones fell 171 points and major world shares including Thailand declined on Wednesday. Investors are scared of the changing of the international policy including trade policy and suppression of copyright infringement. U.S. dollar also edge lower because of the political issues and the inflation data that reached the expectations. Federal Reserve may raise interest rates at a gradual pace because the U.S. inflation is growing slower.
New Zealand stock market may open higher on Thursday because of the fourth quarter GDP, released at 04.45 a.m. with the forecast 0.8%. Franc and Krone may hold steady as SNB may hold the interest rate unchanged at -0.75 at 15.30 p.m. and The Norges Bank also may keep interest rate at 0.50%. I think U.S. dollar will swing because of the political uncertainty and Philadelphia Fed manufacturing index at 19.30 p.m.. Loonie may edge lower to 1.2807 points, if U.S. dollar will not have good supporting factors and ADP nonfarm employment change at 19.30 p.m. is better than 10,700 positions.
In an interview with TechCrunch on the sidelines of Money2020 in Singapore, CEO of Ripple, said the company is focused on enabling banks to use its blockchain software offering, while also looking to invest in startups that could provide alternative uses for XRP. While the ripple price fell more than 70% from the highest price at 3.28USD. Now XRP may keep moving between 0.7-1 USD.

By Niramon Nitnitiphruet
Financial analyst, Olymp Trade.

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