Bangkok: Kasikorn Research Center indicates that Thai stocks will remain volatile this week, with a keen focus on US negotiations and domestic political developments. The baht is expected to move within a range of 32.30-33.00 baht per dollar, while Thai stocks are projected to have support at 1,055-1,075 points and resistance at 1,095-1,115 points.

According to Thai News Agency, the previous week saw the baht fluctuate, initially weakening to its lowest in a month at 33.05 baht per dollar, contrary to the dollar's strengthening due to tensions between Israel and Iran. The Monetary Policy Committee's decision to maintain the interest rate at 1.75% had minimal impact. The baht weakened again later in the week, influenced by a decline in global gold prices and net selling pressure on Thai stocks and bonds, alongside heightened attention to domestic political factors.

This week, Kasikornbank projects the baht to move within the aforementioned range, while Kasikorn Research Center highlights the need to monitor Thailand's economic reports, domestic political developments, foreign fund flows, and global gold price trends. Important US economic figures to watch include manufacturing and service sector indices, employment data, and trade negotiations. Additionally, the market awaits PMI data from China, the UK, and the Eurozone, and Eurozone inflation figures.

Last week, the Thai stock market experienced volatility, reaching a 5-year low amid concerns over the Israel-Iran conflict. However, it rebounded following a ceasefire announcement, and mid-week support came from a revised GDP estimate of 2.3%. Nonetheless, the market fell sharply at the week's end due to domestic political concerns, leading to profit-taking across all stock groups. Finance sector stocks faced selling pressure linked to a major credit card company.

For this week, Kasikorn Securities Co., Ltd. anticipates the Thai stock index to have support levels at 1,075 and 1,055 points, with resistance at 1,095 and 1,115 points. The Kasikorn Research Center advises monitoring statements from US Federal Reserve officials, US-Thai negotiations, Middle East tensions, and foreign capital trends. Key US economic data include manufacturing and service sector indices, employment figures, and weekly jobless claims. Internationally, important factors include PMI data from Japan, China, the Eurozone, and the UK, along with Eurozone inflation indicators.