- USDTHB: moving in the range 32.83 – 32.87 this morning, supportive level at 32.60 resistance level at 32.90
- SET Index: 1,561.68 (-1.32%), 8 June 2026
- S&P 500 Index: 7,405.73 (+0.30%), 8 June 2026
- Thai 10-year government bond yield (interpolated): 2.287 (+6.63 bps), 8 June 2026
- US 10-year treasury yield: 4.56 (+1.00 bps), 8 June 2026
- Ceasefire hopes rise as US pushes Israel-Iran de-escalation
- NY Fed survey shows cooling inflation fears, weakening confidence
- German factory orders fell more than expected in April
- South Korea Q1 GDP grows stronger than advance estimate
- Dollar mixed as ceasefire hopes counter ongoing geopolitical risks
Ceasefire hopes rise as US pushes Israel-Iran de-escalation
Markets remained focused on Middle East developments after renewed Iran-Israel clashes over the weekend. Risk sentiment improved after President Trump signalled that both sides were pursuing an immediate ceasefire and that peace talks were advancing, though uncertainty over a lasting agreement persisted. While hostilities have since eased, both countries have vowed to retaliate if fighting resumes, with Iran also warning of a severe response should Israel continue strikes in southern Lebanon. In a separate report, a US federal judge blocked the Trump administration’s proposed USD 100,000 H-1B visa fee, with the White House set to appeal. Meanwhile, Washington reportedly urged NATO allies to replace Huawei equipment, while the Pentagon added Alibaba, Baidu, and BYD to its list of firms linked to China’s military.
NY Fed survey shows cooling inflation fears, weakening confidence
The NY Fed’s May survey showed one-year inflation expectations easing to 3.5%, while medium- and long-term expectations remained unchanged. However, household sentiment softened as labour market confidence weakened, with respondents less optimistic about finding a new job and slightly more concerned about job losses. Expectations for credit availability and household finances also deteriorated, though home price growth expectations edged higher.
German factory orders fell more than expected in April
German factory orders fell 3.8% m/m in April, well below expectations for a 2.0% decline, led by weakness in the automotive, electrical equipment, and machinery sectors. The data adds to concerns over Germany’s growth outlook amid higher energy costs and geopolitical uncertainty.
South Korea Q1 GDP grows stronger than advance estimate
South Korea’s economy expanded slightly faster than initially estimated in the first quarter, with revised Bank of Korea data showing GDP growth of 1.8% quarter-on-quarter, up from the preliminary estimate of 1.7%. On an annual basis, the economy grew 3.8%, also revised higher from the earlier 3.6% estimate.
Dollar mixed as ceasefire hopes counter ongoing geopolitical risks
The 10-year government bond yield (interpolated) on the previous trading day was 2.287, +6.63 bps. The benchmark government bond yield (LB365A) was 2.29, +8.00 bps. Meantime, the latest closed US 10-year bond yields was 4.56, +1.0 bps. USDTHB on the previous trading day closed around 32.86, moving in a range of 32.83 – 32.87 this morning. USDTHB could be closed between 32.60 – 32.90 today. The dollar traded mixed against G10 peers as geopolitical developments remained in focus following the Iran-Israel escalation. Sentiment improved after Trump suggested both sides were pursuing an immediate ceasefire and peace talks were advancing, though tensions stayed elevated. Elsewhere, market-moving news was limited amid the Fed’s pre-meeting blackout period and a lack of major US data releases. The euro edged higher around 1.1500 amid limited eurozone catalysts, while the British pound was little changed on a quiet UK calendar. The Japanese yen lacked direction, with USD/JPY oscillating around 160.00 as markets awaited next week’s BoJ meeting and monitored potential intervention signals.
Sources : ttb analytics , Bloomberg, CNBC, Trading economics, Investing, CEIC
