Bangkok: Kasikorn Research Center highlights the need to closely monitor foreign fund flows, Asian currencies, and global gold prices this week.
According to Thai News Agency, the center estimates that attention will also be on foreign fund flows, Asian currencies, global gold prices, and listed company earnings for the third quarter of 2025. The baht is anticipated to trade within a range of 32.10-32.80 baht per dollar, while the Thai stock index is expected to find support at 1,285 and 1,260 points, with resistance at 1,320 and 1,330 points.
The baht exhibited a narrow trading range before strengthening by the week's end, influenced by global gold prices rising above US$4,000 per ounce and capital inflows into the Thai bond market. On Friday, November 7, 2015, the baht concluded the domestic market at 32.32 baht per dollar, slightly appreciating from 32.34 baht per dollar. Meanwhile, support for the dollar waned mid- to late-week due to declining US bond yields amid concerns over the prolonged US government shutdown and uncertainties surrounding the legality of President Donald Trump's global tariffs.
This week, spanning November 10-14, 2025, Kasikornbank forecasts the baht to trade in the range of 32.10-32.80 baht per dollar. The Kasikorn Research Center identifies crucial factors for observation, including foreign fund flows, the trajectory of Asian currencies, and global gold prices. Additionally, international factors such as the US shutdown and statements from Federal Reserve officials are under scrutiny. The market's attention is also drawn to the Eurozone's Q3 2025 GDP figures and Chinese economic indicators for October, including new yuan loans, industrial production, and retail sales.
The Thai stock index experienced fluctuations last week, dipping below 1,300 points midweek due to selling pressure from domestic institutional investors and brokerage accounts. It recovered above 1,300 points, buoyed by communications stocks following better-than-expected Q3 2025 earnings. However, the index declined towards the week's end, mirroring regional markets' trends, due to concerns over a potential US technology stock bubble and a lack of new market catalysts. On Friday, November 7, 2025, the SET Index closed at 1,302.91 points, marking a 0.50% decline from the previous week's level.
Looking ahead to this week, Kasikorn Securities Co., Ltd. anticipates support levels at 1,285 and 1,260 points, while resistance levels are projected at 1,320 and 1,330 points. Key factors for monitoring include Federal Reserve officials' statements, Q3 2025 earnings of Thai listed companies, the ongoing US shutdown, and foreign capital flows. Other international economic factors of interest include Japan's October Producer Price Index, Q3 2025 GDP figures, September industrial production figures for the UK and Eurozone, and China's October economic data, encompassing retail sales, industrial production, and fixed asset investment.