The focusing week before the end for 2017

This week is one of the most significant week before New Year because there will be meeting of FED, ECB and BoE. In my opinion, investors focus on FOMC more than ECB because Fed may increase the interest rate which now at 1.25%. Today greenback may hold steady waiting for the new interest rate decision. While ECB and BOE may keep the interest rate unchanged. Hence, we have to analyst from other factors.
Pound may rise higher a little bit if CPI and PPI at 16.30 p.m. reach the expectation. I think the lower CPI and PPI maybe better for the current U.K economic because the recent inflation is 3% and BoE target to decrease inflation at 2%. While euro may hold steady or drop lower a little bit because economic sentiment at 17.00 p.m. in German and EU predicted lower a little bit. Furthermore, Aussie dollar may keep moving flat between 0.7500-0.7600 USD as the house price index and business climate may not give positive for AUD.
U.S. dollar may edge higher, if PPI at 20.30 p.m. is higher than 0.4%. Bitcoin future launched yesterday so there are more investors trade it. I think Bitcoin may touch 17000USD again. While Ethereum price may keep moving sideways between 415-465 USD. If EHT price can close higher 470USD (TF1day), it may rise up but it may fall, if the price close lower 410USD.

By Niramon Nitnitiphruet
Financial analyst, Olymp Trade

Olymp Trade Review