Check the direction of the baht next week. Thai stocks hope for resistance at 1,400-1,415 points: PPTVHD36

Check the direction of the baht next week.  Thai stocks hope for resistance at 1,400-1,415 points: PPTVHD36

2024-03-16 05:14:00

Kasikorn Bank expects the baht next week to move between 35.30-36.30 baht per dollar, while Thai stocks are likely to test the resistance level of 1,400-1,415 points.

Kasikorn Bank Evaluate the value of the baht next week (18-22 Mar.) at the level of 35.30-36.30 baht per US dollar Important factors that need to be monitored include the direction of foreign investment (Flow), the results of the Dot Plot monetary policy meeting, and the US economic projections. The Fed’s new review (19-20 Mar.) as well as the results of the Bank of Japan (18-19 Mar.) and Bank of England (21 Mar.) meetings.

While important US economic figures include the housing market index. and preliminary PMI data for March Numbers for starting a house February second-hand home sales and the number of people applying for weekly unemployment benefits The market is also waiting to follow the preliminary PMI index for March. and February inflation rates in Japan, Eurozone, and England Including setting the LPR interest rate and China’s economic figures such as industrial production, retail sales, investment in fixed assets. and the unemployment rate as well

Kasikorn Securities Company Limited assesses the Thai stock market next week (18- 22 March 2024) Thai stock index (SET index) There is support at 1,375 and 1,365 points. whileResistance levels are at 1,400 and 1,415 points. In order, the Kasikorn Research Center assesses important factors that need to be followed, including the Fed meeting (19-20 Mar.) and the direction of foreign capital (Flow).

Important US economic data includes data on new home construction starts. February second-hand home sales Manufacturing and service sector PMI index (preliminary) for March, including the number of weekly jobless claims. Meanwhile, other foreign economic data includes the BOJ meeting, PMI indexes for the manufacturing and service sectors (preliminary) in March of the Eurozone, England and Japan, as well as the setting of the LPR interest rate in March and economic data for the month. Jan.-Feb. of China, such as retail sales, industrial production

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