Thailand may not smile as much as before - USDTHB
Updated
The one country that many tourists love to visit is Thailand. It has great food, shopping and friendly locals.
But since July 2018, the baht has appreciated so much against the USD (same for SGD) that things are getting more expensive now in Thailand.
July 2018 - 1 USD = 34.656 THB
Dec 2019 - 1 USD = 30.178 THB
China tourists is probably the biggest outbound travellers that any countries would love to have them. Not so for Thailand as in this article :scmp.com/magazines/post-magazine/travel/article/2166804/thailand-disturbed-sharp-decline-chinese-tourists
How about the stock market ? Funds are fleeing as well apparently :thestar.com.my/business/business-news/2019/12/12/thailands-stock-market-seen-reeling-from-foreign-exodus
Let's hope the signing of the US-China trade agreement will give the much needed boost it needed both for the stock market and its currency.
I missed Tom Yum, the beaches, Pad Thai, OMG.............
But since July 2018, the baht has appreciated so much against the USD (same for SGD) that things are getting more expensive now in Thailand.
July 2018 - 1 USD = 34.656 THB
Dec 2019 - 1 USD = 30.178 THB
China tourists is probably the biggest outbound travellers that any countries would love to have them. Not so for Thailand as in this article :scmp.com/magazines/post-magazine/travel/article/2166804/thailand-disturbed-sharp-decline-chinese-tourists
How about the stock market ? Funds are fleeing as well apparently :thestar.com.my/business/business-news/2019/12/12/thailands-stock-market-seen-reeling-from-foreign-exodus
Let's hope the signing of the US-China trade agreement will give the much needed boost it needed both for the stock market and its currency.
I missed Tom Yum, the beaches, Pad Thai, OMG.............
Note
wow, a bullish engulfing candle happens now. Will this be the final straw that breaks the camel's back and breakout from the long bearish trend ? Wait for next week to see resultsNote
Praise Lord. He must have heard my prayers and want me and family to visit Thailand for a holiday soon. Thank you Lord.7/1 Breakout of bearish trend line
8/1 Confirmation
9/1 slight correction
We are taking a bite soon when the price retest 30.161 or slightly above
Note
time to buy smallNote
praise lord, congrats to those who longed with usNote
cnbc.com/2020/04/14/emerging-market-currencies-have-been-hammered-by-covid-19.htmlWho is still holding this pair ?
Note
double top ended, now forming a nice descending wedge, a bullish signal
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