In addition, the baht tends to move in the direction of the dollar. (Including major currencies such as the euro, Japanese yen) and gold prices, which must await important US economic data reports such as retail sales and important economic data reports from Europe and Japan, such as the economic confidence index of the United States Germany (ZEW Survey) and Japan CPI Inflation
including the political factors of the United States on the issue of debt ceiling negotiations and statements by the main officials of the central bank It can also affect the financial markets.
In terms of domestic factors, we see that the main highlight is the results of the general election. which will affect the Fund flow Instructions for foreign investors especially onshorethe stock market significantly and as well as the political factors of Thailand A report on the growth rate of the Thai economy in the first quarter. It may affect the direction of Thailand’s financial market. In addition, we should keep an eye on the number of US dollar transactions to pay dividends to foreign investors. This may be a factor to pressure the baht to depreciate to some extent.
US market segment The market will wait to assess the US economic outlook through the April retail sales report and the number of people claiming unemployment benefits. To assess US labor market conditions, in Europe, the market will keep an eye on the German Economic Confidence Index (ZEW Survey).
while the Asian market Market players will wait to assess the prospects for the recovery of the Chinese economy. through monthly economic data reports such as retail sales, industrial production, etc.
Japanese side The market will wait for the Japanese CPI inflation report to assess the prospects for a monetary policy adjustment by the Bank of Japan (BOJ), while market players in Thailand will wait for the economic growth report in the first quarter of this year.
In addition to economic reports, market players will keep an eye on the statements from major central banks such as the Fed, ECB and BOE to assess their monetary policy prospects. Market players will also continue to monitor the US debt ceiling negotiations. It could this could be a factor that could dampen the financial market atmosphere For Thailand, the results of the general election will be a key factor affecting the direction of fund flow in the short term.
