Factors Putting Pressure on Baht Depreciation: Insights from Currency Analyst Mr. Poon Panichphibun
Mr Poon Panichphibun, an analyst in the currency trading room Krung Thai Bank revealed i STORY OF A NATION that the important factors that put pressure on the depreciation are appreciation of the dollar This follows a change in the opinion of market players on the Fed’s interest rate cut trend this year. From the […]
The Real Reason Behind the Cryptocurrency Rally: Intergenerational Revenge Game
[블록미디어 이제인 기자] Analysis has shown that the real reason for the cryptocurrency rally is the ‘revenge game’ between the young generation and the baby boomer generation in their 60s or older. Omid Malekan, an adjunct professor at Columbia Business School, argued this in an article titled ‘Intergenerational Revenge’ in Fortune Crypto on the 9th […]
Wall Street Stock Market Continues Decline as Dow Jones Futures Index Falls
Dow Jones futures index falls Signaling a continued decline in the Wall Street stock market since yesterday. As of 6:32 pm Thai time, the Dow Jones Futures Index lost 68 points, or 0.18%, to 38,398 points. The Dow Jones Index plunged more than 200 points yesterday after Jerome Powell, Chairman of the Federal Reserve (Fed), […]
Dow Jones Futures Index Falls as Federal Reserve Chair Powell Signals Caution on Interest Rates
The Dow Jones futures index continues to fall Most recently, it fell more than 100 points after Mr Jerome Powell, Chairman of the Federal Reserve (Fed), reiterated that the Fed will not be in a hurry to cut interest rates in the near future. As of 8:47 pm Thai time, the Dow Jones Futures Index […]
Federal Reserve Chairman Warns of Unsustainable US Debt Path
Fed Chairman: US debt is on an unsustainable path (AFP, New York, 4th) The Chairman of the Federal Reserve of the United States (Fed) Jerome Powell said in an interview broadcast today that the national debt of the United States is on an “unsustainable” path and the key to solving this problem is time. According […]
Baht Depreciates Following US Federal Reserve Announcement
A money manager from the Bank of Ayudhya revealed that the baht opened the market this morning at 35.52 baht/dollar from the market close. Yesterday evening at the level of 35.42/44 baht/dollar. The baht depreciated against the market. The same goes for regional money. following the strong dollar After last night, the United States Federal […]
US Investment Market Outlook for 2024: Morgan Stanley Predicts Strong Performance
US Federal Reserve Chairman Jerome Powell conducted a press conference following the Federal Open Market Committee (FOMC) meeting in Washington last July. According to a report by Bloomberg on the 13th, Morgan Stanley, an American investment bank, predicted that the US investment market will outperform emerging markets in the new year, with stocks and bonds […]
The Outlook for the Baht: Currency Movement and Factors Impacting Its Strength
Bank of Ayudhya Predicts Baht Movement and Regional Currency Trends The Bank of Ayudhya has projected that the baht will fluctuate between 35.45-36.25 baht per US dollar in the coming week. In light of this, it’s crucial to monitor US retail sales inflation for the month of October. The recent reversal of the baht’s appreciation […]
Domestic Bond Prices Fall Following Powell’s Hawkish Comments on US Bonds
Bond Prices Fall Following Fed Chairman Powell’s Hawkish Comments On November 10, domestic bond prices experienced a decline in response to the drop in US bond prices, which followed Fed Chairman Powell’s hawkish remarks. The New York bond market saw a decrease the previous night due to Fed Chairman Powell’s hawkish comments and sluggish bids […]
Powell did not make any comments regarding the Fed’s monetary policy.
[사진=EPA 연합뉴스] Jerome Powell, Chairman of the US Federal Reserve (Fed), did not make any remarks related to the Fed’s monetary policy. In his opening speech at the conference commemorating the 100th anniversary of the Federal Reserve’s Bureau of Research and Statistics on the 8th (local time), Chairman Powell said, “Fed economists must be flexible […]
