Trading news

U.S. bond yield may keep greenback steady

North Korea cancelled meeting with South Korea on 16th May early morning on Wednesday as well as Trump’s summit on 12th June unsure. North Korea said that the US is provoking ahead of the summit by Aerial maneuver in South Korea. This decision distracts world market about increasing tension on Korea peninsular again on Wednesday. In contrast, this factor helps gold price stop falling after gold price fell 27 dollar on Tuesday from the rising U.S. bond yield. I suggest focusing how Trump and Moon Jae-in will solve this situation.
Major stock markets in Asia trade lower from Korea tension. U.S. dollar rose by rising bond yield and it may hold steady on Thursday, if Philadelphia manufacturing in May at 19.30 p.m. is higher than 21.0. I also suggest seeing U.S. initial jobless claim at 19.30 p.m. which may help to see how U.S. labor market. Aussie dollar held steady above 0.7400 but the local trend is bearish. Early morning at 08.30 a.m. employment change in Australia may give negative for Aussie dollar. I think if Aussie dollar fall lower than 0.7400, it may fall to 0.7150 U.S. dollar. But if Aussie dollar can rise higher than 0.7500, it may try to break resistance at 0.7600 dollar.
Bitcoin cash upgraded system on 15th May 2018 but its price still move below 1,300 USD. I think BCH may fall lower than 1,200 USD as the rising sell volume and then it may fall lower to 1,000 USD. I suggest focusing the summary of Prosecutor's inquiries about “UPbit” – biggest South Korea crypto web trade in next few days.

Niramon Nitnitiphruet
Financial analyst, Olymp Trade.

Olymp Trade Review

Wednesday, 16 May, 2018 / 12:46

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