The crowd roars “Liquidity liquidity liquidity!” Not much really to say other than enjoy this liquidity run provided by the Fed, ECB and BoE. See below for charts.
Latest thoughts from our resident chartist Ploy!
Nothing has been changed much while the market is testing its Previous High.
The US Dollar index is stalling at the X-support, as shown in the chart below. We have to wait and see whether the index can make a strong rebound from the support. Key resistance is at 79.20-79.40. Meanwhile, the Baht/Dollar exchange rate has fallen below the support 30.50-30.45, given last week, but it is making a rebound, with the same support becoming its resistance. If the rate can stay above 30.51-30.54 baht/dollar, it may head up higher and the weaker baht will push the SET down.