{"id":20452,"date":"2025-06-25T17:51:51","date_gmt":"2025-06-25T17:51:51","guid":{"rendered":"https:\/\/www.vtmarkets.com\/th\/uncategorized\/20452\/"},"modified":"2025-06-25T17:51:51","modified_gmt":"2025-06-25T17:51:51","slug":"%e0%b8%95%e0%b8%a5%e0%b8%b2%e0%b8%94%e0%b8%aa%e0%b9%88%e0%b8%a7%e0%b8%99%e0%b9%83%e0%b8%ab%e0%b8%8d%e0%b9%88%e0%b8%84%e0%b8%87%e0%b8%97%e0%b8%b5%e0%b9%88-%e0%b8%82%e0%b8%93%e0%b8%b0%e0%b8%97%e0%b8%b5","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/th-asia\/live-updates\/20452\/","title":{"rendered":"\u0e15\u0e25\u0e32\u0e14\u0e2a\u0e48\u0e27\u0e19\u0e43\u0e2b\u0e0d\u0e48\u0e04\u0e07\u0e17\u0e35\u0e48 \u0e02\u0e13\u0e30\u0e17\u0e35\u0e48\u0e02\u0e49\u0e2d\u0e2a\u0e2d\u0e1a\u0e02\u0e2d\u0e07\u0e1e\u0e32\u0e27\u0e25\u0e4c\u0e41\u0e25\u0e30\u0e22\u0e2d\u0e14\u0e02\u0e32\u0e22\u0e1a\u0e49\u0e32\u0e19\u0e43\u0e2b\u0e21\u0e48\u0e14\u0e36\u0e07\u0e14\u0e39\u0e14\u0e04\u0e27\u0e32\u0e21\u0e2a\u0e19\u0e43\u0e08\u0e43\u0e19\u0e27\u0e31\u0e19\u0e19\u0e35\u0e49"},"content":{"rendered":"US equity futures and foreign exchange are mostly steady, with a minor reversal in the yen. Treasury yields have slightly increased after three consecutive days of decline.\n\nFederal Reserve Chair, Powell, resumes his testimony at the Senate at 10 am ET. His consistent wait-and-see approach has set anticipations low for any market disruptions. Support for this approach was echoed by KC Fed President Schmidt in a recent speech.\n\n<h3>Economic Calendar<\/h3>\nThe economic calendar today includes minimal data releases. New home sales figures are due at 10 am ET, followed by US weekly oil inventory data 30 minutes later.\n\nFollowing three uneven trading sessions, financial markets appear momentarily calm on the surface, though tensions beneath still tug at direction. With US equities barely moving and foreign exchange showing little deviation\u2014aside from a slight retreat in the yen\u2014markets are taking a breather. That pause, however, is unlikely to last.\n\nYields on Treasuries have nudged higher, albeit modestly. That marks a shift from the slide seen earlier this week. It doesn\u2019t suggest a newfound appetite for risk, but rather a quiet exit from safer investments, likely driven more by positioning than conviction. The move itself doesn\u2019t demand a broad response, but the pattern deserves monitoring, especially ahead of month-end where rebalancing flows can distort underlying sentiment.\n\nPowell\u2019s return for his second day of Congressional testimony today hasn\u2019t unnerved traders, primarily because his recent strategy\u2014to remain patient on rate moves\u2014has already been well communicated. That expectation of steadiness was underscored by Schmidt earlier in the week, as she backed a cautious stance. We interpret this alignment as a green light for those watching the dot plot more than headlines. There remains no appetite within the Fed to pre-empt a rate move before further confirmation from the inflation path.\n\n<h3>Trading Perspective<\/h3>\nWith little in the way of new economic data on the docket today, especially during morning trading hours, attention naturally drifts to secondary indicators. New home sales may carry nominal influence but are unlikely to shift core rate assumptions unless wildly out of consensus. Crude oil inventories, shortly after, could generate volatility around energy names, but that too is unlikely to spread broadly unless accompanied by a large miss or confounding factors.\n\nFrom a trading perspective, we continue to see suppressed implied volatility across most asset classes, particularly in short-dated metrics. That condition suggests premium sellers remain comfortable, though they may be increasingly exposed should any unexpected data miss land or a policy miscommunication occur. We aren&#8217;t reallocating risk broadly but are staying flexible. Directional strategies are likely to suffer in this slower environment, making short gamma positions more attractive in the near term, provided one can manage the headline risk.\n\n<b><a href=\"https:\/\/www.vtmarkets.com\/trade-now\/\">Create your live VT Markets account<\/a>\u00a0and\u00a0<a href=\"https:\/\/myaccount.vtmarkets.com\/login\">start trading<\/a>\u00a0now. <\/b>\n<p>\n\n<p><strong>\u0e40\u0e23\u0e34\u0e48\u0e21\u0e0b\u0e37\u0e49\u0e2d\u0e02\u0e32\u0e22\u0e17\u0e31\u0e19\u0e17\u0e35 &#8211; \u0e04\u0e25\u0e34\u0e01<a href=\"https:\/\/www.vtmarkets.com\/th\/trade-now\/\">\u0e17\u0e35\u0e48\u0e19\u0e35\u0e48<\/a> \u0e40\u0e1e\u0e37\u0e48\u0e2d\u0e2a\u0e23\u0e49\u0e32\u0e07\u0e1a\u0e31\u0e0d\u0e0a\u0e35\u0e08\u0e23\u0e34\u0e07\u0e02\u0e2d\u0e07 VT Markets <\/strong> <\/p>\n<!-- \/wp:post-content -->","protected":false},"excerpt":{"rendered":"<p>\u0e15\u0e25\u0e32\u0e14\u0e2b\u0e38\u0e49\u0e19\u0e2a\u0e2b\u0e23\u0e31\u0e10\u0e41\u0e25\u0e30\u0e04\u0e48\u0e32\u0e40\u0e07\u0e34\u0e19\u0e2a\u0e48\u0e27\u0e19\u0e43\u0e2b\u0e0d\u0e48\u0e21\u0e35\u0e40\u0e2a\u0e16\u0e35\u0e22\u0e23\u0e20\u0e32\u0e1e \u0e02\u0e13\u0e30\u0e17\u0e35\u0e48\u0e2d\u0e31\u0e15\u0e23\u0e32\u0e1c\u0e25\u0e15\u0e2d\u0e1a\u0e41\u0e17\u0e19\u0e1e\u0e31\u0e19\u0e18\u0e1a\u0e31\u0e15\u0e23\u0e1e\u0e38\u0e48\u0e07\u0e02\u0e36\u0e49\u0e19\u0e40\u0e25\u0e47\u0e01\u0e19\u0e49\u0e2d\u0e22 \u0e19\u0e31\u0e01\u0e25\u0e07\u0e17\u0e38\u0e19\u0e23\u0e2d\u0e14\u0e39\u0e01\u0e32\u0e23\u0e41\u0e16\u0e25\u0e07\u0e02\u0e2d\u0e07\u0e1e\u0e32\u0e27\u0e40\u0e27\u0e25\u0e25\u0e4c\u0e17\u0e35\u0e48\u0e2d\u0e32\u0e08\u0e2a\u0e48\u0e07\u0e1c\u0e25\u0e15\u0e48\u0e2d\u0e17\u0e34\u0e28\u0e17\u0e32\u0e07\u0e15\u0e25\u0e32\u0e14<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[71],"tags":[],"class_list":["post-20452","post","type-post","status-publish","format-standard","hentry","category-live-updates"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/th-asia\/wp-json\/wp\/v2\/posts\/20452","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/th-asia\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/th-asia\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/th-asia\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/th-asia\/wp-json\/wp\/v2\/comments?post=20452"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/th-asia\/wp-json\/wp\/v2\/posts\/20452\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/th-asia\/wp-json\/wp\/v2\/media?parent=20452"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/th-asia\/wp-json\/wp\/v2\/categories?post=20452"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/th-asia\/wp-json\/wp\/v2\/tags?post=20452"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}