The last day of FOMC meeting

Wednesday in the United State will be the last day of Fed meeting and will release the interest rate and FOMC statement. Investors around the world keep eyes on this meeting. U.S. dollar held steady since Monday await Fed decision even job openings worse than expected. I think today dollar may keep holding its strength.
Early morning today major Asian may open mix because investors await Fed decision. SET may move between 1690-1710 points. If SET cannot close above 1720 points*, it may keep moving sideways.
After CPI in U.K., today we will see the strength of British labor market through average earnings and unemployment rate of October and claimant count change of November at 16.30 p.m. In my opinion, pound maybe still weaker than U.S. dollar. GBP/USD may move between 1.3300-1.3380 points. If pound cannot close above 1.3400points*, it may keep bearish trend.
ECB’s president - Draghi speech on Tuesday combine with CPI in Germany (14.00p.m.) and EU industrial production (17.00p.m.) may support euro steady. If EUR/USD can close above 1.1780 points*, it may stop bearish trend. I also suggest focusing core CPI in USA at 20.30 p.m. as it may support greenback rise up.
While crude oil inventories forecasted rise up so oil price may drop lower a little bit because Britain's Forties oil pipeline was closed for repairs after several cracks were revealed. Ethereum may rise to make new all-time high before New Year above 550USD. While Bitcoin future keep Bitcoin price hold steady above 16,000USD.
*on 1 day Timeframe chart

By Niramon Nitnitiphruet
Financial analyst, Olymp Trade

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