Will U.S. dollar able to hold steady?

From Monday U.S. dollar still hole steady because the most of investors still believe about rising interest rate in December. There are many significant indexes of U.S. economy which may effect to greenback and Wall Street. Core durable goods orders at 20.30 p.m. will show consumption which is one part of GDP. If this index is higher than 0.5%, it may give positive for currency and stock market. But if it is lower than expected, dollar may drop lower. Furthermore, initial jobless claim at 20.30 p.m. and Michigan consumer sentiment at 22.00 p.m. also can support dollar stand tall. It seems U.S. labor market is strong so it increases the possibility for FED to rise up interest rate.
Oil price may move sideways waiting for U.S. crude oil inventories at 22.30 p.m. which forecasted lower. In my opinion, today oil price may move sideways up as investors keep focusing OPEC meeting on 30th November. If U.S. oil stock is less than expected, it will support oil price to edge higher. Autumn forecast statement in the United Kingdom at 19.30 p.m. may effect to pound and London stock market. However, this week most major stock markets may edge higher a little bit and mostly move flat. SET may keep moving above 1700 points.
After Bitcoin made a new high over 8100 USD, it may decline to 6300 dollars. I think Bitcoin price may fall lower 6000 dollars in two weeks. But it can make a new all-time high by the end of the year.

By Niramon Nitnitiphruet
Financial analyst, Olymp Trade

Olymp Trade Review