The global market is shaken by major games, including Venezuela, Bitcoin, gold, and the intense 'Salt' DELTA.

This morning, the investment world was shaken by a series of risk shifts, from the White House’s efforts to control the global economy through energy sources to investors’ panic sell-offs in the Thai stock market. What happens in each market seems separate, but in reality, they are all interconnected within a complex global risk network.

Energy Seizure Operations: A New Battlefield for Economics

U.S. officials launched a major offensive called “Operation Absolute Resolve” to take control of oil sources in the Western region. This effort is not just a war but a strategic move in economic chess to ensure energy prices do not cause turmoil in the U.S. economy, which is still battling inflationary pressures.

At the same time, the market is calculating the upcoming non-farm employment report to be announced tonight. Economists expect to see 55,000 new jobs added. If true, it would indicate a smooth landing for the U.S. economy(Soft Landing), meaning interest rate cuts would proceed gradually and appropriately.

Bitcoin at a Crossroads, Investors on Edge

Bitcoin is currently trading at $96.67K and testing the psychological support levels around $90,000 - $91,500. This is not just a number but a boundary that will determine whether a “Supercycle” in the token era will occur.

Leading financial institutions like Bernstein and Standard Chartered still see potential. They believe this correction is merely preparation for the full-scale tokenization process of real assets, expected to peak in 2026 with price forecasts reaching as high as $150,000. Therefore, the mere flicker of $90,000 is enough to shift the overall outlook.

Gold Surges to New Highs, Synchronizing with Confidence Crisis

Gold moves within the range of $4,440 - $4,580 per ounce, using this level as support whenever there is international political risk. Several banks, including HSBC, have raised their price targets to $5,000 within the first half of 2026.

The reason is simple: central banks worldwide are continuously reducing their dollar holdings. This means gold is no longer just a good asset but has become an “essential” asset to hedge against uncertainty.

Thai Stock Market Takes a Hit: When One Stock Drags the World Down

While the global markets are stuck in major issues, the Thai stock market(SET Index) faces its own problem with DELTA. After reports of massive share sales at below-normal prices, stock prices plunged over 12%. Due to the market’s large size, the index dropped 27.22 points to 1,253.60.

What is concerning is that the fall of just one stock can drag the index down by 15 points. This reflects the fragility of the Thai market structure, which relies heavily on a few large stocks. As a result, foreign investors sold approximately 3,700 million baht net.

Any ripple effect abroad, regardless of its origin, eventually reaches the Thai market and puts pressure on our people.