- USDTHB: moving in the range 31.36 – 31.38 this morning, supportive level at 31.30 resistance level at 31.50
- SET Index: 1,280.8 (+0.48%), 7 Jan 2026
- S&P 500 Index: 6,920.9 (-0.34%), 7 Jan 2026
- Thai 10-year government bond yield (interpolated): 1.754 (+3.01 bps), 7 Jan 2026
- US 10-year treasury yield: 4.15 (-3.0 bps), 7 Jan 2026
- US ISM services unexpectedly accelerates in December
- US job openings slide to 14-month low
- US ADP payrolls fall short of December expectations
- Eurozone inflation eases to ECB target, supporting steady policy
- Thai headline inflation remained negative in December
- Dollar is slightly firmer after a strong ISM services
US ISM services unexpectedly accelerates in December
ISM Services jumped to 54.4 in December, beating expectations, with business activity, employment and new orders all returning to expansion, while prices paid eased to the slowest pace since April, underscoring continued resilience in the US services sector and solid momentum into the new year.
US job openings slide to 14-month low
The November JOLTS report disappointed, with job openings falling to 7.146mln versus expectations for a rise, while the vacancy rate edged lower to 4.3%. Quits increased, but hiring weakened and separations were unchanged, reinforcing a low-hiring, low-firing labour market.
US ADP payrolls fall short of December expectations
US private-sector hiring picked up modestly in December, signalling subdued momentum heading into 2026, as payrolls rose by 41k, below the 50k consensus, led by gains in education and health services and leisure and hospitality. The ADP report also showed faster wage growth for job switchers at 6.6%, while pay growth for job stayers eased to 4.4%.
Eurozone inflation eases to ECB target, supporting steady policy
Eurozone inflation eased to 2.0% in December from 2.1% in November, meeting the ECB’s target and in line with expectations. Energy prices drove the slowdown, offsetting higher food costs, while core inflation rose 2.3%, slightly below November’s 2.4%. Services price growth remained the highest component at 3.4% versus 3.5% the prior month, suggesting inflation could continue easing as energy costs decline.
Thai headline inflation remained negative in December
Thailand’s headline CPI fell 0.28% year-on-year in December, marking the ninth straight month of deflation—the longest streak in five years—driven by lower energy costs and falling personal care prices. Month-on-month, CPI rose 0.04%, driven by food prices impacted by flooding, while core inflation eased to 0.59% from 0.66% in November. The Ministry of Commerce expects inflation to remain negative in Q1 2026, with full-year 2026 projected at 0.0%–1.0%.
Dollar is slightly firmer after a strong ISM services
The 10-year government bond yield (interpolated) on the previous trading day was 1.754, +3.01 bps. The benchmark government bond yield (LB353A) was 1.694, +2.94 bps. Meantime, the latest closed US 10-year bond yields was 4.15, -3.0 bps. USDTHB on the previous trading day closed around 31.25, moving in a range of 31.36 – 31.38 this morning. USDTHB could be closed between 31.30 – 31.50 today. The dollar edged higher on Wednesday after a strong ISM Services report signalled the fastest services growth since October 2024, with markets looking past weaker job openings and a small ADP miss ahead of Friday’s NFP. The euro softened on dollar strength and a steady ECB outlook. Meanwhile, the Japanese yen remained subdued, with USD/JPY showing only mild dollar support.
Sources : ttb analytics , Bloomberg, CNBC, Trading economics, Investing, CEIC
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