Today’s sources

Dr. Pipatpong Posayanon, Basic Supervisor of Kasikorn Financial institution (4th from left) and Dr. Kritcharat Hiranyasiri, Chairman of MTS Gold group of corporations (Mae Thongsuk) (third from left), launched a web-based gold buying and selling channel. Actual-time reference of world market costs in US {dollars} Exchangeable by the ​​”Forex Pockets” (overseas foreign money pockets) on Okay PLUS Begin shopping for gold with no less than 10 US {dollars} or approx. 350 baht You should purchase each gold with a purity of 99.99%. helps to put orders to purchase and promote gold in a handy, protected, straightforward means by Okay PLUS, no collateral required. and free for every part

Listing of executives (from left to proper)
1. Mr. Kittipong Khumman, Assistant Basic Supervisor of Kasikorn Financial institution
2. Ms. Dolphon Hiranyasiri, Chief Monetary Officer of a Group of corporations below MTS Gold (Mae Thong Suk)
3. Prof. Kritcharat Hiranyasiri, Firm Chairman, MTS Gold Group (Mae Thong Suk)
4. Dr. Pipatpong Posayanon, Basic Supervisor of Kasikorn Financial institution
5. Mr. Natthaphong Hiranyasiri, CEO of a Group of corporations below MTS Gold (Mae Thong Suk)
6. Mr. Keeradit Hiranyasiri, Chief Working Officer Group of corporations below MTS Gold (Mae Thong Suk)
7. Mr. Boonterb Jirapat, Assistant Basic Supervisor of Kasikorn Financial institution

* Traders ought to perceive product options. Product phrases and dangers earlier than deciding to speculate.

Mr. Poon Panitchpibun, cash market strategist, Krungthai GLOBAL MARKETS, Krung Thai Financial institution, revealed that the baht opened this morning at 36.72 baht per greenback. “Strengthened barely” from the day before today’s closing degree of 36.75 baht per greenback.

Since final night time the baht moved in each instructions (going up within the vary of 36.68-36.78 baht per greenback), in keeping with the directionless motion of the greenback. Together with the worth of gold It’s because most market gamers are ready to study extra new elements, particularly the US CPI inflation fee and the outcomes of the Fed assembly (the primary essential occasion is the New Dot Plot).

The US inventory market Total, we could not have returned to a state of clear danger but. It’s because market gamers are ready to see the outcomes of the Fed assembly Nevertheless, a rally in giant tech shares, led by Apple +7.3% (led by hopes that using AI in Apple gadgets will assist enhance gross sales . newest gear), ensuing within the Nasdaq tech inventory index rising +0.88%, whereas the market’s S&P500 index closed +0.27%.

On the European inventory market aspect, the STOXX600 Index continued to say no -0.93% amid continued promoting strain on French shares (French CAC-40 Index fell greater than -1.33%) attributable to issues that the RN celebration (Nationwide Rally) which is the farthest French celebration There’s a likelihood to get a majority within the parliament within the upcoming elections. That is inflicting some market gamers to begin worrying about the opportunity of Frexit taking place once more.

As for the bond market, the US 10-year bond yield remains to be fluctuating across the 4.40% degree after market gamers await the US CPI inflation report and the outcomes of the Fed assembly long-term bonds This as a result of the central banks’ coverage rate of interest transfer has regularly entered recession. (Though the Fed could cut back rates of interest extra slowly than we estimated within the July 31 – August 1 assembly), giving each minute rise in US 10-year bond yields an opportunity has regularly purchased long-term bonds (If the US 10-year bond yield rises above 4.50%, it may also be thought of an fascinating shopping for level.)

On the aspect of the cash market The greenback strikes ahead as a result of most market gamers are ready for the US CPI inflation fee and the outcomes of the Fed assembly to see some markets Earlier than figuring out the essential elements the this week as talked about Consequently, the entire Greenback Index (DXY) continues to oscillate close to the extent of 105.3 factors (oscillating inside a variety of 105.2-105.5 factors). gold value motion (COMEX gold contract for August supply) nonetheless with out clear course. After market gamers wait to study extra about new objects, in the meantime, some market gamers are profiting from the rebound in gold costs to promote regularly to make a revenue. Consequently, the general value of gold continues to fluctuate across the vary of two,332 {dollars} per ounce.

In the present day’s highlights are the US CPI inflation report for Could. (Regularly acknowledged at 7:30 pm Thailand time) anticipated by market gamers US inflation fee It would are typically slower. Particularly by way of month-to-month momentum (% m/m). Thailand time) we count on the Fed to maintain the coverage rate of interest at a degree of 5.25-5.50%, however there’s a likelihood that the brand new rate of interest forecast or Dot Plot signifies that the Fed could lower rates of interest round 2 instances this yr and 3-4 instances. in 2025, together with 2026. As for long-term (Longer Run) rates of interest, they could transfer barely larger to 2.75%.

On the Thai aspect Market gamers will wait to see the outcomes of the assembly of the Financial Coverage Committee (MPC), which can be identified regularly at 2:00 pm We imagine that the MPC will preserve rates of interest at 2.50% with a unanimous decision of 5 -2 , however market gamers can be within the MPC’s view of the financial outlook. (Will there be additional modifications to financial forecasts?) and signifies the outlook for financial coverage.

And along with the above elements Political points in Thailand, similar to contemplating the dissolution of the Kaewklai Get together Will probably be one other issue that market gamers are additionally watching.

For the motion of the baht worth We assess that The baht tends to fluctuate in each instructions across the degree of 36.60-36.80 baht per greenback. Within the interval earlier than the market regularly acknowledges essential elements as we speak, nonetheless, one ought to be cautious concerning the fluctuations in baht throughout the interval that the market is regularly recognizing them. Political danger elements within the nation This may occasionally have an effect on the attitudes of overseas traders in the direction of investing in Thai property. And throughout the interval when the market is regularly conscious of the outcomes of the MPC assembly, if the MPC sends a sign that it is able to cut back rates of interest or “shock” the market by decrease rates of interest. (We expect the possibility of this taking place may be very low) It might not be tough to place strain on the floating baht to depreciate.

And after the market regularly turns into conscious of the elements in these international locations, we imagine that the baht could begin to change sideways once more earlier than altering larger because the market regularly a ‘ develop into conscious of the US CPI inflation fee and the outcomes of the Fed assembly. If such data is reported and the newest Dot Plot from the Fed provides the market that confidence The Fed will be capable to lower rates of interest about 2 instances this yr. That might include a rise within the gold value as properly (hope to see if the gold value will be capable to rise to check the protecting zone of two,380-2,400 {dollars} per ounce or not).

We’re of the identical opinion. The baht nonetheless has room to maneuver and alter accordingly. Adjustments in elements affecting the course of the baht, similar to market gamers’ views on the Fed’s rate of interest transfer Consequently, market gamers ought to use a number of methods to hedge dangers. Both utilizing instruments like Choices or native foreign money. It will enhance effectivity in hedging trade fee danger.

Trying on the baht as we speak It’s anticipated to be on the degree of 36.60-36.80 baht / greenback within the interval earlier than the market receives essential US information studies regularly. and the outcomes of the Fed’s FOMC assembly

and consider the baht vary at 36.50-37.00 baht / greenback throughout the interval when the market regularly receives the US CPI inflation report back to the outcomes of the Fed’s FOMC assembly.

Reuters information company experiences that the Wall Avenue inventory market closed in constructive territory on Monday (June 10), with the Dow Jones closing up 69.05 factors, whereas the S&P 500 and Nasdaq closed at new highs. Buyers are watching the financial coverage assembly of the Federal Reserve or the Fed, in addition to the patron worth index report in Could. To seek out indicators exhibiting the path of inflation that’s anticipated to be revealed this week.

The Dow Jones Industrial Common closed up 69.05 factors, or 0.18%, to 38,868.04 factors. factors.

The S&P 500 and NASDAQ closed at new highs. This was supported partly by Nvidia shares, which closed up 0.7% after a cut up from 1 to 10 shares, efficient after Wall Avenue closed on Friday. This has precipitated information and expectations from traders relating to the inclusion of such shares within the Dow Jones Index.

The market is watching the Client Value Index (CPI) report for Could. It’s scheduled to be launched this Wednesday (June 12), together with a gathering of the Federal Reserve’s Financial Coverage Committee. which ends on June 12, native time. or through the early morning hours of June 13, Thailand time The US Federal Reserve is anticipated to goal to maintain rates of interest at a degree of 5.25-5.50% and can reveal financial forecasts. together with future coverage path Among the many watchful eyes of traders in search of indicators that the US Federal Reserve When will rate of interest cuts start?

Buyers reduce their expectations for a September rate of interest reduce. After the US confirmed stronger-than-expected Could nonfarm payrolls numbers final Friday. It’s anticipated that the Fed can have the chance to chop rates of interest in September at 50%.

As for particular person shares, Apple shares closed down 1.9% on the primary day of WWDC 2024, with traders awaiting updates on the corporate’s use of synthetic intelligence or AI in its merchandise.

In the meantime, Southwest Airways shares jumped 7.6% after Elliott Funding Administration stated it had acquired a $1.9 billion stake within the airline.

Origin Reuters

“CertiK” revealed in Could, that the worth of losses within the cryptocurrency world reached $ 42.6 million. Happily, $ 96.2 million was recovered.

Well-known blockchain safety analysis firm “CertiK” reveals statistics for Could. The worth of the injury within the crypto world is 42.6 million USD. That is barely greater than April’s lack of about $41.6 million.

Each from Exploit assaults, Flash Mortgage assaults, and Exit Rip-off scams, with the Gala Video games venture struggling probably the most with $21.6 million adopted by Sonne Finance price $20 million.

The report says that the costliest Flash Mortgage assaults amounted to $20.7 million, with Sonne Finance on the highest stage at $20 million, adopted by TLN Protocol with $746,000, GPU and Saturn Token with $32,394 and $8,343, respectively half

The discharge misplaced $19.7 million, with Gala Video games struggling the largest loss at $21.6 million, adopted by AlexLab with $4.3 million, Pump Enjoyable with $1.9 million, GNUS.ai with $1.28 million, and Orion with $947,000.

Whereas Exit Rip-off cracks, though they’re hardly ever seen, But it surely nonetheless precipitated a loss estimated at $1.8 million, with Timber On Sol struggling $1.11 million, Pii Park $490,000, Novamind $123,019 and Arbalest $91,520.

If counting from the start of the yr till now, “Immunefi”, a safety service supplier. It says greater than $473 million price of crypto was misplaced in 108 hacks and scams.

The DeFi market stays a major goal for hackers, and CeFi has not seen any assaults this yr. That is in distinction to final yr when injury from hacks and exploits exceeded $2 billion. That is half the injury in comparison with the earlier yr.

Supply: encryption twitter