Baht Value Expected to Strengthen Amid US Economic Data Reports
Mr Poon Panichphibun, money market strategist at Krungthai GLOBAL MARKETS, Krung Thai Bank, has revealed that the baht has appreciated against the dollar, with an opening value of 36.95 baht per dollar this morning (5th October 2023), compared to the previous day’s closing level of 37.07 baht per dollar. The baht is expected to range […]
Dow Jones Index Drops Over 100 Points as Energy Stocks Plunge Amid Economic Concerns
The Dow Jones Index Falls Over 100 Points Amid Concerns of Prolonged High Interest Rates The Dow Jones index experienced a significant decline of more than 100 points as energy stocks felt the pressure from plummeting oil prices. This occurrence has raised concerns about the Federal Reserve’s prolonged high interest rates and its potential impact […]
US Stock Market Reacts to Higher-than-Expected Job Openings, Raises Concerns of Prolonged High Interest Rates
Dow Jones Closes High Amid Job Opening Numbers, Fed Interest Rate Concerns The Dow Jones Stock Exchange witnessed a surge of over 400 points on Tuesday (October 3), following the release of higher-than-expected job opening figures in the United States. However, this positive development in the market has raised concerns about the Federal Reserve (Fed) […]
The Baht Depreciates as US Economic Data and Fed Chair’s Statement Strengthen the Dollar
Baht Depreciates as US Bond Yields Strengthen Dollar In a recent market update, a money manager from the Bank of Ayudhya revealed that the baht opened this morning at 37.09 baht/dollar, depreciating from its previous closing rate of 36.93 baht/dollar. The depreciation of the baht against the dollar can be attributed to several key factors. […]
Audio | Gelonghui 10.3 Pre-Market Highlights: Key Events in Hong Kong, A and US Stocks
International News: This Week’s Important Events and Market Highlights The three major stock indexes in the United States had mixed gains and losses, while the China Concept Index stopped rising for three consecutive years. US oil fell more than 2% and dropped below $90, and London copper fell 2.6% to a four-month low. The US […]
The End of an Era: US Bond Market Signals Turning Point as Low Interest Rates and Inflation Fade
/cloudfront-us-east-2.images.arcpublishing.com/reuters/XBCS2EWETFPBND4Q6XE35DIPMM.jpg)
US Bond Market Indicates the End of an Era The US bond market appears to be signaling a turning point as the era of low interest rates and low inflation, which began with the global financial crisis of 2008, comes to an end. However, the future remains uncertain. The recent surge in government bond yields, […]
Baht Weakens as Dollar and Gold Prices Rise: Forecast for Further Depreciation
Baht Weakened Against Dollar Following US ISM PMI Index Report October 3, 2022 Mr. Poon Panichphibun, money market strategist at Krungthai GLOBAL MARKETS, Krung Thai Bank, has revealed that the baht opened this morning at 37.07 baht per dollar, weakened from the previous day’s closing level of 36.96 baht per dollar. The baht is expected […]
The Price of Gold Drops by $65: Concerns over Fed and China’s Real Estate Bubble
Gold Price Expected to Fluctuate in the Coming Week Investors Concerned as Gold Price Drops During the period from September 1 to September 29, the price of gold has experienced a significant decline of 65 US dollars per ounce. This downward trend has raised concerns among investors over the Federal Reserve’s decision to maintain high […]
New York Federal Reserve Indicates End to Interest Rate Hikes, but High Rates to Persist for Inflation Recovery
New York Federal Reserve President Suggests End to Interest Rate Hikes, But Inflation Remains a Concern In a recent statement, John Williams, President of the New York Federal Reserve, hinted that the era of interest rate hikes may be coming to a close. However, he emphasized that interest rates will remain at elevated levels “for […]
The Weakening Dollar: US Price Index Delays Interest Rate Increase by the Federal Reserve
The Dollar Weakens Against Major Currencies as Fed Delays Interest Rate Increase In a significant development, the United States witnessed a decline in the Price Index for Core Personal Consumption Expenditure (Core PCE), reaching its lowest point in the last two years. This factor is expected to contribute to the Federal Reserve’s (Fed) decision to […]
