- USDTHB: moving in the range 31.21 – 31.29 this morning, supportive level at 31.10 resistance level at 31.30
- SET Index: 1,254.1 (+0.04%), 9 Jan 2026
- S&P 500 Index: 6,966.3 (+0.65%), 9 Jan 2026
- Thai 10-year government bond yield (interpolated): 1.788 (+3.10 bps), 9 Jan 2026
- US 10-year treasury yield: 4.18 (-1.0 bps), 9 Jan 2026
- US payrolls rise a below-forecast 50,000, unemployment lower
- Michigan consumer sentiment index surges, outperforming predictions
- Takaichi eyes mid-February snap election
- China CPI inflation hits near 3-yr high in Dec, PPI decline eases
- Thailand eyes gold trading limits to protect Baht
- Dollar posts second weekly gain after US jobs report
US payrolls rise a below-forecast 50,000, unemployment lower
The December jobs report showed payrolls rising by 50,000, below consensus but within forecasts, and near the Fed’s estimated breakeven pace, with downward revisions to the prior two months. Gains were led by leisure and hospitality, while five of 11 major sectors—including retail, construction, and manufacturing—saw declines. For the full year, payrolls increased by 584,000, the smallest annual gain since 2020. Meanwhile, the unemployment rate fell to 4.4%, below expectations.
Michigan consumer sentiment index surges, outperforming predictions
Michigan consumer sentiment index rose more than expected in January to 54.0, the highest since September 2025, driven by lower-income households. Current conditions and expectations improved but concerns over high prices and labour market softness persist. One-year inflation expectations were unchanged at 4.2%, while five-year expectations edged up to 3.4%.
Takaichi eyes mid-February snap election
Kyodo News reported that Prime Minister Sanae Takaichi is considering dissolving the House of Representatives at the start of the parliament session on Jan. 23. With cabinet approval around 70%, some LDP members are urging a dissolution. Preparations are underway for a possible election, with campaigns potentially starting Jan. 27 or Feb. 3 and voting set for Feb. 8 or 15.
China CPI inflation hits near 3-yr high in Dec, PPI decline eases
China’s consumer prices rose 0.8% YoY in December, driven by food, the fastest since February 2023. Month-on-month, CPI grew 0.2% after November’s 0.1% drop. Producer prices fell 1.9% YoY, improving slightly from November’s 2.2% decline, marking 39 months of contraction.
Thailand eyes gold trading limits to protect Baht
According to the Bank of Thailand, Thailand plans to limit speculative gold trading to curb the impact of a record rally on the baht. Under draft rules expected this month, individuals may be restricted to 100–200 million baht ($3.2–$6.4 million) in daily online gold trades. Other measures include a daily cap of 800,000 baht on foreign currency transactions at money changers and tighter reporting rules for physical gold.
Dollar posts second weekly gain after US jobs report
The 10-year government bond yield (interpolated) on the previous trading day was 1.788, +3.10 bps. The benchmark government bond yield (LB353A) was 1.748, +4.41 bps. Meantime, the latest closed US 10-year bond yields was 4.18, -1.0 bps. USDTHB on the previous trading day closed around 31.44, moving in a range of 31.21 – 31.29 this morning. USDTHB could be closed between 31.10 – 31.30 today. The dollar finished firmer after a mixed December jobs report, initially slipping on the payroll miss before rebounding as the unemployment rate fell to 4.4%, lifting dollar index to 99.264. Gains briefly extended after the Supreme Court declined to rule on the Trump tariff case but later faded amid ongoing trade-policy uncertainty, even as consumer sentiment hit its highest since September 2025. Meanwhile, the Japanese yen lagged G10 peers on reports of political instability.
Sources : ttb analytics , Bloomberg, CNBC, Trading economics, Investing, CEIC
