- USDTHB: moving in the range 32.43-32.45 this morning, supportive level at 32.30 resistance level at 32.55
- SET Index: 1,269.3 (-1.42%), 14 Nov 2025
- S&P 500 Index: 6,734.1 (-0.05%), 14 Nov 2025
- Thai 10-year government bond yield (interpolated): 1.775 (+0.64 bps), 14 Nov 2025
- US 10-year treasury yield: 4.14 (+3.0 bps), 14 Nov 2025
- US sets key economic data calendar
- Japan Q3 GDP falls less than expected
- Reeves abandons tax hike after UK fiscal watchdog upgrades forecast
- China’s home-price slump deepens despite policy easing
- China’s growth slows in October on soft investment and industrial output
- Dollar ticked up Friday but still notched a second weekly loss
US sets key economic data calendar
The US has a packed economic calendar over the next month: Q3 GDP (second reading) and October PCE on Nov 26, September NFP on Nov 20 with real earnings Nov 21, August construction spending Nov 17, manufacturers’ orders Nov 18, and International Trade Nov 19. October Trade follows Dec 4, with likely November PCE on Dec 19.
Japan Q3 GDP falls less than expected
Japan’s economy contracted less than expected in Q3, with GDP down 1.8% y/y and 0.4% q/q, both milder than forecasts, as solid capital spending partly offset weak consumption. The figures mark a reversal from Q2’s growth and come as the government is reportedly weighing a stimulus package of about JPY 17 trln, including a JPY 14 trln supplementary budget.
Reeves abandons tax hike after UK fiscal watchdog upgrades forecast
Chancellor Rachel Reeves abandoned plans to raise income taxes after the UK’s fiscal watchdog delivered stronger-than-expected forecasts, narrowing the fiscal gap to around £20 billion. Reeves is now expected to raise roughly £30 billion to restore fiscal stability and boost headroom.
China’s home-price slump deepens despite policy easing
China’s property market weakened further in October, capping the peak sales season with disappointing figures. New-home prices across 70 cities fell 0.45% m/m—the sharpest drop in a year—while resale values slid 0.66%, the fastest decline in 13 months. Buyers remain hesitant, as recent policy loosening has failed to revive confidence in real estate as a reliable store of wealth.
China’s growth slows in October on soft investment and industrial output
Economic activity cooled more than expected in October, with industrial production rising 4.9% y/y—below the 5.5% forecast and down from 6.5% in September. Retail sales grew 2.9%, marking a fifth straight month of slowdown, while fixed-asset investment fell 1.7% through October, weighed down by a weaker property sector.
Dollar ticked up Friday but still notched a second weekly loss
The 10-year government bond yield (interpolated) on the previous trading day was 1.775, +0.64 bps. The benchmark government bond yield (LB353A) was 1.749, +0.66 bps. Meantime, the latest closed US 10-year bond yields was 4.14, +3.0 bps. USDTHB on the previous trading day closed around 32.34, moving in a range of 32.43 – 32.45 this morning. USDTHB could be closed between 32.30 – 32.55 today. The dollar index was slightly firmer on Friday, gaining vs GBP, CHF, and EUR. Domestic data had little impact; global headlines, especially from the UK, drove most intraday moves. Fed speakers, including Schmid and Logan, reinforced that inflation remains a concern beyond tariffs, leaving December’s policy path uncertain. Money markets trimmed odds of a 25 bp cut to 40% from ~68% earlier in the week. In other news, the US-Switzerland trade deal slashed Swiss tariffs to 15% in exchange for USD 200 bln Swiss investment, while US officials reportedly eye lower tariffs on select consumer goods to ease inflation pressures ahead of elections.
Sources : ttb analytics , Bloomberg, CNBC, Trading economics, Investing, CEIC
