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PPI Inflation Expected To Accelerate To 9.3%


New session low for Stoxx600

DOLLAR-THB TECHS: Bulls Now Need Close Above 21-DMA
*RES 4: Thb31.65 - High Feb 22 
*RES 3: Thb31.53 - 55-DMA 
*RES 2: Thb31.31 - 21-DMA 
*RES 1: Thb31.28 - High Mar 19
*PRICE: Thb31.17 @ 2300GMT
*SUP 1: Thb31.08 - Bollinger band base 
*SUP 2: Thb31.07 - 2018 Low Mar 14 
*SUP 3: Thb30.80 - Monthly Low July 24 2013 
*SUP 4: Thb30.77 - LT Bear channel base
*COMMENTARY: The pair has remained capped ahead of the 21-DMA in recent weeks
with pressure resulting in fresh 2018 & 4+yr lows. Bear currently focus on
Thb30.77-80 where July 2013 monthly lows and the LT bear channel base are
situated. The Bollinger base is the key concern for bears and limits follow
through. Bulls need a close above the 21-DMA to ease bearish pressure and hint
at a correction to Thb31.53-74.