- USDTHB: moving in the range 31.52 – 31.66 this morning, supportive level at 31.55 resistance level at 31.75
- SET Index: 1,325.6 (-0.41%), 30 Jan 2026
- S&P 500 Index: 6,939.0 (-0.43%), 30 Jan 2026
- Thai 10-year government bond yield (interpolated): 2.005 (+4.18 bps), 30 Jan 2026
- US 10-year treasury yield: 4.26 (+2.0 bps), 30 Jan 2026
- Trump nominates Warsh to lead Federal Reserve
- US government partially shuts down despite last minute funding deal
- Thailand added to US currency monitoring list
- BOT plans to tighten regulations on online gold trading as its price soars
- Dollar rebounds, gold slumps amid Fed nomination
Trump nominates Warsh to lead Federal Reserve
President Donald Trump said Friday he is nominating Kevin Warsh to be the next Federal Reserve chair. Warsh will take over from Federal Reserve Chair Jerome Powell, whose term as chair ends in May. The role requires Senate confirmation. The announcement caps an extensive search that started in September and was spearheaded by Treasury Secretary Scott Bessent, who whittled down a list of half a dozen candidates and presented four finalists to the president.
US government partially shuts down despite last minute funding deal
The US federal government has partially shutdown despite a last-ditch funding deal approved by the Senate. The funding lapse began at midnight US eastern time (05:00 GMT) on Saturday, hours after senators agreed to fund most agencies until September. The bill includes just two weeks' funding for the Department of Homeland Security, which oversees immigration enforcement, instead of shutting it down entirely. The bill has yet to be approved by the House of Representatives, which is out of session. US President Donald Trump struck the deal with Democrats after they refused to give more funding for immigration enforcement following the fatal shooting of two US citizens in Minneapolis by federal agents.
Thailand added to US currency monitoring list
The Treasury’s semi-annual report, released in January 2026, Thailand was just added to the US Treasury’s currency watchlist due to its rising trade surplus with the US and strong current account balance. This puts Thailand under closer scrutiny alongside major economies like China, Japan, South Korea, Taiwan, Singapore, Vietnam, Germany, Ireland, and Switzerland. This biannual report monitors major trading partners for potentially unfair foreign-exchange practices, though no country, including Thailand, was designated a currency manipulator, which could trigger US sanctions.
BOT plans to tighten regulations on online gold trading as its price soars
The Bank of Thailand (BOT) plans to tighten regulations on online gold trading to curb the impact of fluctuating prices on the local currency. The regulations, which will take effect in March, will cap online gold transactions conducted in Thai baht at 50 million baht ($1.6 million) per user per day. Any transaction exceeding that limit will require approval from the authorities. However, the rules will not apply to users who already were holding more than 50-million-baht worth of gold in their accounts before the end of January. They will be allowed to sell their holdings back to platform operators without seeking additional permission. The regulations will also not apply to gold trades in foreign currencies or to physical gold transactions.
Dollar rebounds, gold slumps amid Fed nomination
The 10-year government bond yield (interpolated) on the previous trading day was 2.005, +4.18 bps. The benchmark government bond yield (LB365A) was 2.013, +3.00 bps. Meantime, the latest closed US 10-year bond yields was 4.26, +2.00 bps. USDTHB on the previous trading day closed around 31.40 Moving in a range of 31.52-31.66 this morning. USDTHB could be closed between 31.55-31.75 today. Dollar holds higher after Warsh announced as Fed chair after a sharp sell-off earlier in the week. Meanwhile, gold price fell below the 5,000 USD per troy ounce level. The decline widened further during the U.S. session, with the spot gold price dropping nearly 13% in a single day—the largest intraday drop in over four decades since the early 1980s, surpassing the decline seen during the 2008 financial crisis.
Sources : ttb analytics , Bloomberg, CNBC, Trading economics, Investing, CEIC
