Trading news

Euro became weaker because of Politics

U.S. 10-year bond yield rose highest in 7 years above 3.1 as well as economic data also good so U.S. dollar hold steady on Thursday. But euro was weaker on Wednesday because of the political issue in Italy. I suggest support line for EUR/USD at 1.700 points. While British pound hold steady and move sideways between 1.3450-1.3620 dollar. I think if pound fall lower than 1.3400, it may fall to 1.3300 dollar. I suggest listening FOMC member’s speeches: Mester at 14.00 p.m., Brainard at 20.15 p.m. and Kaplan at 20.15 p.m. to see their opinion about U.S. economy.
Fake ICO Website has been launched called “HoweyCoin” by The U.S. Securities and Exchange Commission (SEC). However, the offer is not real and this website aim to educate investors about ICO only. I think bitcoin price may hold above 8,000 USD awaits the South Korea “UPbit” news.

By Niramon Nitnitiphruet
Financial analyst, Olymp Trade.

Olymp Trade Review

Thursday, 17 May, 2018 / 10:17

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