Dow Jones had moved 1,056 points before closing higher 300 points on last Friday. According to the indices future market in Asia, major stock markets may trade mix. U.S. dollar may hold steady so EUR/USD may move between 1.2168- 1.2291points. In my opinion, if euro fall lower than 1.2160, it may head down to 1.200 USD.
Moreover, USD/CHF may need to rise higher than 0.9458 for the stronger inverting trend. The lower forecast of CPI in Switzerland may give negative for franc, if it is lower than -0.1%. From my view, if dollar can rise to 0.9460 franc, it may break the resistance line and head up to 0.9600 points.
Oil prices fell for a sixth day after rig count in USA rose to 791 on Friday and biggest weekly losses in 10 months last week because the worries of rising global supplies. In my view, today oil price may try to hold steady above 60USD and it may move between 61-64 USD.
The Arizona Senate passed a bill on Feb. 8 to allow residents in the state to pay their taxes with cryptocurrencies, public records indicate. Arizona is not the only state which allow resident to pay tax with cryptocurrencies Cointelegraph reported in September 2017 that the municipality of Chiasso, Switzerland will enable its residents to pay taxes in Bitcoin starting January 2018.
By Niramon Nitnitiphruet
Financial analyst, Olymp Trade