On Wednesday, Liberator Securities expects the Thai market to trade sideways, as investors will be monitoring tonight’s Federal Reserve meeting, which is expected to cut interest rates. The brokerage firm also recommends investors closely monitoring the Dot Plot and the Fed Governor’s speech to gauge the policy direction.
Domestically, investors are waiting for clarity on the short-term economic stimulus measures from the upcoming cabinet.
The firm set a resistance level for the SET Index at 1,320, and a support level at 1,290 points for today’s session.
Yesterday, Thailand’s SET Index closed at 1,308.19 points, increased 8.41 points or 0.65%, with a trading value of THB 47.45 billion.
