Its rare that the BOT chief will be interviewed on Bloomberg there are one or two decent responses from K. Veerathai regarding the economy and the currency, so enjoy part of the transcript and a link to the rest of the article/video. Question: How concerned are you about a possible protectionist backlash? Answer: In […]
Read More →We’ve longed thought aloud that the Thai Baht should eventually return to THB 25/usd over the past few years and we continue to think this going forward. Yes people yell at us, “charlatan! fools! It will never go back!” and we’ve been hearing the same comments since we begun working here in 2004-5 when the […]
Read More →Our chartist Ploy is back with her latest thoughts on the US dollar Index, DJIA, SET Index and the impact of foreign fund flows on the SET Index. The SET stalled within 1,190-1,200 range last week, but this week, it is likely that the tumble in the US dollar index may help prop the SET […]
Read More →The market wobbled a bit this week because of poor China and European economic figures and the Thai Finance Minister’s commenting that he would like the baht to weaken this year because it is too strong at current levels. Well if the trade balance is weaker than last year, government borrowing more to fund projects and […]
Read More →Latest thoughts from our resident chartist Ploy. The US dollar index almost gave us a heart attack when it breached above the barrier at 79.54 last week. However, it couldn’t breach above another key barrier at 80.50: it turned around and head downward, with support at 78.50-78.30. If it falls below 78.30, it may head […]
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