Bangkok: The Kasikorn Research Center has revealed that the market is keenly observing the government’s policy statement alongside the progress of the Bank of Thailand’s discussions with gold traders. This focus is part of a broader assessment of the week’s economic performance, which includes monitoring Thailand’s August current account balance, statements from the Federal Reserve, and the trajectory of foreign capital flows.

According to Thai News Agency, the baht is projected to trade within a range of 31.80-32.50 baht per dollar, while support and resistance levels for the Thai stock index are anticipated at 1,270 and 1,245 points, and 1,300 and 1,315 points, respectively. Last week, the baht weakened to its lowest in over two weeks, reaching 32.32 baht per dollar, affected by slowing export figures and a downgrade of Thailand’s credit rating to negative by Fitch. Meanwhile, the US dollar saw a resurgence following better-than-expected economic data from the United States.

This week’s projections by Kasikornbank suggest the baht will continue to fluctuate within the specified range. The Kasikorn Research Center emphasizes the importance of monitoring Thailand’s current account balance for August, ongoing discussions between the Bank of Thailand and gold traders, the global gold price situation, foreign fund flows, and key US economic metrics. Significant statements from Fed officials and September’s Purchasing Managers’ Index (PMI) data for China, Japan, the Eurozone, and the UK are also on the radar.

The Thai stock market experienced fluctuations last week, initially rebounding due to news of a special cabinet meeting by the new government, which spurred hopes for economic stimulus measures. However, the index later declined, mirroring regional market trends, following reports of impending US import tariffs on pharmaceuticals, trucks, and furniture, set to take effect on October 1, 2025. Additionally, the market faced pressure from Fitch’s downgrade of Thailand’s credit rating outlook to “negative.”

For the current week, Kasikorn Securities continues to predict support and resistance levels for the Thai stock index. The Kasikorn Research Center highlights the need to keep an eye on the government’s policy statement to Congress and the direction of foreign capital flows. Key US economic data expected this week includes PMI/ISM manufacturing and services indices, ADP private sector employment statistics, non-farm payroll data, the September unemployment rate, and weekly jobless claims.

International economic factors to watch include the Eurozone’s September Consumer Price Index and August Producer Price Index, the Eurozone’s September Manufacturing and Services PMI, along with Japan’s and China’s September Manufacturing and Services PMI, and Japan’s August Retail Sales and Industrial Production.