February 6, 2021
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Market to win economic figures both and abroad. Despite facing foreign investor sales force We hope to support the Thai stock index next week with resistance at 1,520 points and support 1,470 points, while the baht moves narrow at 29.90-30.30 baht per dollar And the price of gold still has a buying force into the market when the price weakens.
Thai stock market index this week(1-5g.Wed.64) Thai stocks rose from the previous week. By index SET Off at level 1,496.61 pointIncrease 2.02% From the previous week While the average daily turnover is 78,305.73 Million baht Decrease 10.57% From the previous week Index part May Increase 3.82% Come close at 369.95 point
Overall, Thai stocks rose from the previous week and moved in line with foreign markets. Despite facing sales pressure from foreign investors most of the week With main factors driven by US economic figures Announced during the week, which came out better than expected such as Manufacturing and Service Indicators Including the labor market numbers.C. As well as efforts to push the US economic stimulus. While several stocks rose this week. Especially the banking and power groups
Domestic institutional investors, net buy 1,671.29 Million baht Net sales account 42.55 Million baht Foreign investors net buy 181.86 Million baht Retail investors, net sales 1,810.60 Million baht Total turnover 79,352.02 Million baht
Securities companies (Bl.)Kasikorn Thai Expected in the next week (8-12 g.Wed.) Look at Thai stock indices have support that 1,485 and 1,470 point While The resistance is at 1,510 and 1,525 point Respectively
The Kasikorn Research Center assesses the key factors that need to be monitored. Including COVID situation 19 Quarterly results4/63 Belonging. Thai Progress on the issuance of US economic stimulus measures As well as relations between the United States–China US economic data section Important Including Consumer Price Index, m.C. And the number of applicants for the first unemployment benefit While other important foreign factors Including Producer price index and consumer price index m.C. Of china Producer Price Index, m.C.Of Japan Including industrial production on the month of the month.C. 63 Of the euro zone
Kasikorn Research Center specifyThe baht moved slightly weakened. With the baht moving in a narrow frame Early–Mid week While MPC’s resolution. Which maintains the interest rate at 0.50% Affect the baht in a limited frame Because it is in accordance with the market expected However, the baht weakened at the end of the week, in line with other currencies. In Asia While the dollar Continued support from US economic figures Better than expected And hope for the recovery trend of the US economy After the president Joe Biden signals an urgent push for economic stimulus measures and accelerate vaccination for the US population.
On friday (5 g.Wed.) Thai baht at the level 30.09 Against level 29.94 Baht / dollar On the previous Friday (29 m.C.)
For the next week (8-12 g.Wed.) Kasikornbank assesses the framework of the Thai baht movement 29.90-30.30 Baht / dollar
While the Kasikorn Research Center assesses important factors that must be monitored Including Progress of US economic stimulus measures Fed Chairman’s Statement And the situation of the COVID outbreak 19 Personal US economic numbers Important Including Consumer Price Index, m.C. Weekly jobless claims figures And the consumer confidence index in the month Kor.Wed. (preliminary) In addition, the market may wait to track the information for the month..C. Of china such as Consumer Price Index and Producer Price Index Too
As for the movement of gold prices on Friday this past Closed at 1,808.50 Dollar per ounce While the price of gold in the country is at 25,880 Baht per baht gold
YLG side Bullion International States that President Joe Biden The US leader stated that US will strengthen“Strength” By fostering ties with allies to be able to compete with China and Russia on the world stage.The US government will reassess the US military’s position on countries around the world. Many see the decision as a sign of a weak U.S.-China relationship. While the Chinese army said United deliberately“Create tension” Obstructing peace and stability After a US warship cruises through the sensitive Taiwan StraitSuch uncertainty Has created a buying force into the gold market when prices weaken.
This Gold price is trying to test the resistance zone. 1,811-1,818 Dollar per ounce May keep an eye on whether it will pass or not Failure to pass may have seen a break down the support zone test. 1,784-1,764 Dollar per ounce
however If the price can pass up, there will be the next resistance above the zone. 1,844Dollar per ounce This Continue to focus on buying when the price is weakening. If you lose support, beware of the contraction. To test the next support zone 1,764 Dollar per ounce May need to be sold to cut losses. And share some sales when the price rises But if the price passes the resistance, it can hold on to wait to sell at the next resistance.
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