- USDTHB: moving in the range 31.02 – 31.07 this morning, supportive level at 30.80 resistance level at 31.10
- SET Index: 1,516.01 (+1.72%), 25 Feb 2026
- S&P 500 Index: 6,946.13 (+0.81%), 25 Feb 2026
- Thai 10-year government bond yield (interpolated): 1.805 (-10.38 bps), 25 Feb 2026
- US 10-year treasury yield: 4.05 (+1.0 bps), 25 Feb 2026
- Trump praises economy and stands firm on tariffs
- Nvidia’s rosy revenue forecast shows AI boom remains strong
- Thailand surprises with rate cut to bolster fragile recovery
- Dollar slides as Trump speech fails to spark market reaction
Trump praises economy and stands firm on tariffs
US President Trump struck an upbeat tone in his State of the Union address, declaring America “back—bigger, better and stronger than ever” and hailing what he called a historic economic turnaround, with falling inflation, rising wages and a booming economy. He argued that lower interest rates would ease housing pressures while supporting home values. On trade, Trump said a recent Supreme Court ruling on tariffs was “very unfortunate” but stressed the levies would stay in place, adding that most countries want to maintain trade deals and that congressional action is unnecessary. Addressing Iran, he claimed Tehran is developing missiles capable of reaching the US, said it is open to a deal but has not renounced nuclear ambitions, and reiterated his preference for a diplomatic solution.
Nvidia’s rosy revenue forecast shows AI boom remains strong
Nvidia delivered another upbeat quarterly revenue outlook, indicating that the rapid expansion in AI computing infrastructure is continuing. The company forecast first-quarter sales of around $78 billion, well above the $72.8 billion Wall Street consensus.
Thailand surprises with rate cut to bolster fragile recovery
Bank of Thailand unexpectedly cut its benchmark rate, intensifying efforts to support a fragile recovery amid ongoing domestic and global uncertainty. The Monetary Policy Committee voted 4–2 to lower the one-day repurchase rate by 25 basis points to 1%, the lowest since September 2022, with one seat on the six-member panel still vacant. Despite the move, policymakers stressed the need to preserve some policy space. The central bank also said headline inflation is unlikely to return to its 1%–3% target range until the second half of 2027, later than previously projected, citing below-potential growth, weak purchasing power, softer energy prices and government measures that could restrain price pressures through 2026–27.
Dollar slides as Trump speech fails to spark market reaction
The 10-year government bond yield (interpolated) on the previous trading day was 1.805, -10.38 bps. The benchmark government bond yield (LB365A) was 1.81, -11.00 bps. Meantime, the latest closed US 10-year bond yields was 4.05, +1.0 bps. USDTHB on the previous trading day closed around 31.03, moving in a range of 31.02 – 31.07 this morning. USDTHB could be closed between 30.80 – 31.10 today. The dollar weakened broadly on Wednesday, with little market reaction to President Trump’s State of the Union address as it unveiled no new policies, while US equities extended gains amid improved tech sentiment ahead of Nvidia’s earnings, supporting higher-beta currencies. With no major US data and limited guidance from Fed speakers, the euro climbed back toward 1.1800 on dollar softness, though gains were capped by a lack of fresh catalysts from the eurozone. The British pound advanced alongside other cyclical currencies, aided by comments from Bank of England policymaker Megan Greene, who argued the BoE should not base domestic policy on Fed risks and could move in the opposite direction. Meanwhile, the Japanese yen lagged after Prime Minister Sanae Takaichi nominated Ayano Sato and Toichiro Asada to the Bank of Japan board, appointments seen as reflationary and dovish.
Sources : ttb analytics , Bloomberg, CNBC, Trading economics, Investing, CEIC
