- USDTHB : moving in the range 36.58-36.68 this morning, supporting level of USDTHB is around 36.62 resistance level is around 36.70
- SET Index : 1,533.4 (-0.74%), 19 Jul 2022
- S&P 500 Index : 3,936.7 (+2.73%), 19 Jul 2022
- Thai 10-year government bond yield (interpolated) : 2.65, (+4.35 bps), 19 Jul 2022
- US 10-year treasury yield: 3.01 (+5.00 bps), 19 Jul 2022
- US Building Permits Fall for 3rd Month
- Euro Area Inflation Rate Confirmed at 8.6%
- UK Jobless Rate Steady at 3.8%
- Dollar Set to Fall for 4th Straight Session
US
Building Permits Fall for 3rd Month
Building
permits in the US, a proxy for future construction, decreased 0.6% to an
annualized rate of 1.685 million in June of 2022, the lowest level since
September last year and compared to forecasts of 1.65 million. It was the third
consecutive month of declines in permits. Single-family authorizations dropped
8% to 0.967 million while authorizations of units in buildings with five units
or more climbed 13.1% to 0.666 million. Building permits declined in the
Midwest (-15.7%) and the South (-2.1%) but increased in the Northeast (18%) and
in the West (5.8%).
Euro Area Inflation Rate Confirmed at 8.6% Annual inflation rate in the Euro Area was confirmed at a record high of 8.6% in June of 2022, compared to 8.1% in May and 1.9% a year earlier. The biggest contribution came once again from prices of energy (42% vs 39.1%), but strong price increases were also seen for food, alcohol & tobacco (8.9% vs 7.5%), services (3.4% vs 3.5%) and non-energy industrial goods (4.3% vs 4.2%), suggesting a widespread inflationary pressure. Excluding energy, the inflation increased to 4.9% from 4.6%, more than twice the ECB target of 2%. Compared to the previous month, consumer prices increased 0.8%.
UK Jobless Rate Steady at 3.8% The unemployment rate in the UK held at 3.8% in the three months to May of 2022, the same as in the previous period and compared to forecasts of 3.9%, suggesting the labor market remains robust despite rising prices squeezing the cost of living. The number of people in employment increased by 296K, the biggest gain since the three months to August last year. The number of full-time employees increased to a record high and part-time employees also were up. Also, the number of economically inactive people fell by 144K, the biggest drop since the start of the coronavirus pandemic. At the same time, the number of job vacancies from April to June 2022 rose to 1,294,000 but the rate of growth continued to slow down. Growth in regular pay which excludes bonuses picked up slightly to 4.3% from 4.2% but including bonuses, it slowed to 6.2% from 6.8%.
Dollar Set to Fall for 4th Straight Session The 10-year government bond yield (interpolated) on the previous trading day was 2.65, +4.35 bps. The benchmark government bond yield (LB31DA) was 2.58, +3.00 bps. LB31DA could be between 2.55-2.60. Meantime, the latest closed US 10-year bond yields was 3.01, +5.00 bps. USDTHB on the previous trading day closed around 36.66 Moving in a range of 36.58-36.68 this morning. USDTHB could be closed between 36.62-36.70 today. The dollar index fell toward 106.5 on Wednesday and was on track to fall for the fourth straight session, as expectations of a supersized 100 basis point rate hike at next week’s Federal Reserve meeting eased, while other major central banks grew increasingly hawkish to curb surging inflation.
Sources : ttb analytics , Bloomberg, CNBC, Tradingeconomics, Investing, CEIC
