Bangkok: Kasikorn Research Center indicates that this week, the market will be watching domestic politics and August inflation figures.
According to Thai News Agency, financial and capital markets will be closely monitoring domestic political factors, August inflation figures, foreign fund flows, and global gold prices. The baht is expected to trade within a range of 31.80-32.80 baht per dollar. The Thai stock index has support levels at 1,225 and 1,200 points, with resistance levels at 1,245 and 1,265 points.
The baht strengthened earlier in the week, bucking the dollar's sell-off, following signals from the Fed Chairman at Jackson Hole that reinforced the possibility of a rate cut at the September FOMC meeting. The baht also gained further support later in the week, in line with other Asian currencies and global gold prices, before weakening somewhat towards the end of the week due to net foreign selling of Thai stocks following the Constitutional Court's ruling that Ms. Paethongtarn's ministerial term expired.
This week (September 1-5, 2025), Kasikornbank projects the baht to move within a range of 31.80-32.80 baht per dollar. Kasikorn Research Center assesses key factors to monitor, including domestic political factors, Thailand's August inflation figures, foreign fund flow trends, and global gold prices. Key US economic figures include the ISM and PMI for the manufacturing and service sectors, private sector employment figures, non-farm payrolls, and the unemployment rate for August. These include the August PMI for the manufacturing and service sectors in China, Japan, and the Eurozone, as well as the August inflation figures for the Eurozone.
Regarding the Thai stock market, last week the Thai stock index briefly rebounded at the beginning of the week, following the direction of international markets after the Federal Reserve Chairman signaled a potential interest rate cut soon. This was further supported by continued growth in Thai export figures for July. The Thai stock index subsequently declined due to selling pressure from foreign investors, and fell sharply towards the end of the week after the Constitutional Court ruled to remove Ms. Paethongtarn Shinawatra from her position as Prime Minister and her entire Cabinet. This led to selling pressure in several stock sectors, led by the energy, retail, and communications sectors.
This week (September 1-5, 2025), Kasikorn Securities Co., Ltd. sees support at 1,225 and 1,200 points, while resistance levels are at 1,245 and 1,265 points, respectively. Kasikorn Research Center assesses key factors to monitor including Thailand's August inflation figures, domestic political issues, foreign capital flows, and key US economic data, including the PMI/ISM manufacturing and services index, ADP private sector employment data, non-farm payrolls, and the August unemployment rate, as well as weekly jobless claims.