Kasikorn Securities says all eyes on US Fed moves this week

 

BANGKOK, 14 November 2016 (NNT) – Kasikorn Securities has pointed out investors are likely waiting for the US Federal Reserve’s (Fed) decision on the country’s benchmark interest rate following the election of Donald Trump has the nation’s next president. 

The securities company foresees Thai stocks this week experiencing support of 1,480 and 1,455 points and resistance of 1,510 and 1,525 points respectively with focus on the Fed’s policy rate decision, which could be impacted by the country’s election of a new president. 

Factors to be watched according to the company’s analysts include the US’ production data, retail sales and consumer pricing index as well as manufacturing in China and the Eurozone and Japan’s GDP report. 

It predicts the Thai baht will move in the range of 35.10 to 35.40 to the US Dollar. It predicts interest towards data from the US will persist for the time being.

 

-- nnt 2016-11-14

If you mean December's move now that could be crap shoot. The same as Thailand they want to do a face saving move at best but are afraid that it could stall out the economy or make the $ to strong as a lot of American corporate crooks do business abroad thanks to cheap labor and lax environmental laws. Its a bit*h when your economy is ascending (according to Fed calculation for what that is worth) while others are descending. Does the US dollar wave on the way up to the rest of the world economies going down. Ah the joys of a global market.