- USDTHB: moving in the range 32.30-32.33 this morning, supportive level at 32.20 resistance level at 32.50
- SET Index: 1,314.3 (-0.70%), 28 Oct 2025
- S&P 500 Index: 6,890.9 (+0.23%), 28 Oct 2025
- Thai 10-year government bond yield (interpolated): 1.692 (-2.72 bps), 28 Oct 2025
- US 10-year treasury yield: 3.99 (-2.0 bps), 28 Oct 2025
- US-Japan sign agreement for minerals and rare earths
- US consumer confidence dips slightly, remains above forecast
- ADP will publish weekly US private payrolls data
- ECB says consumers’ inflation expectations broadly unchanged
- Dollar dips ahead of FOMC
US-Japan sign agreement for minerals and rare earths
US President Trump and Japanese Prime Minister Takaichi signed a deal to strengthen the US–Japan alliance and secure critical mineral and rare earth supplies. Both countries will coordinate investments to build diversified and fair markets, support joint projects within six months, and address unfair trade practices. A forthcoming fact sheet will outline potential energy and auto-sector investments, including firms such as Mitsubishi Heavy Industries.
US consumer confidence dips slightly, remains above forecast
US consumer confidence slipped to 94.6 in October from a revised 95.6, a smaller decline than expected. The Present Situation Index rose to 129.3, while the Expectations Index dropped to 71.5, reflecting growing pessimism about future conditions. Consumers’ 12-month inflation expectations edged up to 5.9%, and many indicated they plan to spend less during the holidays if tariffs raise import prices. Labor market views were mixed: 27.8% said jobs were “plentiful,” 18.4% said they were “hard to get,” and fewer consumers expected job or income gains over the next six months.
ADP will publish weekly US private payrolls data
US private payrolls rose by an average of 14,250 jobs in the four weeks ending October 11, according to ADP, which announced it will begin releasing a weekly preliminary estimate of its National Employment Report every Tuesday starting October 28. The new measure will show a four-week moving average of private-sector job changes to provide a timelier view of labor market trends.
ECB says consumers’ inflation expectations broadly unchanged
Euro-area consumer inflation expectations were largely unchanged in September, reinforcing the ECB’s stance to hold interest rates steady. Prices are expected to rise 2.7% over the next 12 months, slightly down from 2.8% in August. The ECB survey also showed economic growth expectations holding at -1.2% and unemployment expectations steady at 10.7%.
Dollar dips ahead of FOMC
The 10-year government bond yield (interpolated) on the previous trading day was 1.692, -2.72 bps. The benchmark government bond yield (LB353A) was 1.672, -2.71 bps. Meantime, the latest closed US 10-year bond yields was 3.99, -2.0 bps. USDTHB on the previous trading day closed around 32.59, moving in a range of 32.30– 32.33 this morning. USDTHB could be closed between 32.20 – 32.50 today. The dollar traded marginally softer after mixed data releases, with initial gains fading as it failed to break above the 99.00 level, while focus now shifts to Wednesday’s FOMC meeting. The euro posted slight gains but remained confined to narrow ranges amid limited catalysts, as an ECB survey showed a small decline in 1-year inflation expectations, while 3-year and 5-year views were unchanged. The British pound underperformed among G10 currencies, pressured by persistent fiscal concerns that continue to overshadow a more optimistic outlook. Meanwhile, the Japanese yen strengthened but later eased from session highs after Finance Minister Katayama said that US Treasury Secretary Bessent’s remarks were not seen as supporting a BoJ rate hike, creating mild headwinds for the yen.
Sources : ttb analytics , Bloomberg, CNBC, Trading economics, Investing, CEIC
