On Thursday, FSS International Investment Advisory Securities (FSSIA) expects the Thai market to trade sideways as investors brace for the upcoming U.S. Federal Reserve meeting, in which the market anticipates an interest rate reduction. However, the key focus will be on the Fed’s outlook for interest rates in the coming year.
Domestically, there are currently no new supporting catalysts, but next week’s parliamentary session could bring political issues back into the spotlight.
The firm set a resistance level for the SET Index at 1,280 points and a support level at 1,268-1,270 points for today’s session.
On Wednesday, Thailand’s SET Index closed at 1,274.82 points, decreased 2.76 points or 0.22%, with a trading value of THB 36.32 billion.
