USDTHB Eyes Jackson HoleUSD/THBOANDA:USDTHBYES_Group- Yesterday Recap 26/8/26 Yesterday, USDTHB closed at 32.75 in the Thai market. U.S. economic data came out relatively mixed. The PCE Price Index YoY came in at 3.7%, above the forecast of 3.6%, while Core PCE YoY was 3.3%, in line with expectations. This suggests that inflationary pressures remain elevated, supporting the USD and keeping the possibility open for the Fed to maintain a restrictive monetary policy for longer. Meanwhile, Q2 GDP QoQ came in at 1.5%, in line with expectations, but slowed from 2.1% previously, suggesting that the U.S. economy is still expanding, although growth momentum is beginning to moderate. - Fundamental 27/8/26 Key News Today | Forecast | Previous TH: 10:30 – Thailand Trade Balance | -5.4B | -6.53B US: 19:30 – Initial Jobless Claims | 208K | 206K US: 19:00 – Jackson Hole Symposium USDTHB is expected to trade within a range with increased volatility, with a Bullish Bias, as U.S. data released overnight was generally positive. Today, the market will mainly focus on Initial Jobless Claims and the Jackson Hole Symposium, following yesterday’s U.S. inflation data, which remained elevated, while GDP growth slowed. If Jobless Claims come in higher than expected, this would indicate a weaker labor market and could put pressure on the USD. Conversely, a lower-than-expected figure would support the USD, as it would suggest that the Fed still has room to maintain interest rates at elevated levels. In addition, Jackson Hole will be an important factor, particularly comments from Fed officials, which could influence expectations for interest rates, Bond Yields, and the direction of the USD. A Hawkish tone could support USDTHB, while a Dovish tone would increase pressure on the USD. On the Thai Baht side, the market will monitor the Thailand Trade Balance. If the trade deficit is smaller than expected, it could support the Baht and limit further upside in USDTHB. Overall, USDTHB is likely to trade within a range with higher volatility, with the main focus on Jackson Hole, Jobless Claims, Bond Yields, and the direction of the USD. - Technical Analysis Bias: Sideway Up / Bullish USDTHB remains in a Sideway Up structure, forming consecutive Higher Lows and holding above the 32.78–32.80 support zone. If the price breaks above 32.86, it could move higher to test 32.88–32.90. However, a break below 32.78 would increase the risk of further downside. Resistance: 32.86 A key resistance level. A breakout above this level could open further upside. Support: 32.80–32.78 A key support zone. Holding above this area would keep the short-term bullish structure intact. Target: 32.88–32.90 If USDTHB breaks above 32.86, it could move toward 32.88 and 32.90, respectively. Cut Loss: 32.77 A break below 32.78 and sustained trading below 32.77 would invalidate the Sideway Up structure.