As we have emphasized, that the #PSEi would be trailing the #Dow's overall market interim trend and has moved back to its critical 7500 levels which would be re-tested time and again, as liquidity levels including volumes would be deteriorating due to market lackluster activity.
Take your cue from the #DOW Jones and the #USD performance in the coming weeks; as this new month serves to be the closing 2nd quarter for 2015 prior to the #FED's expected rate increase. Take note that these are exceptional times where investor's lackluster interest would depend more and focused at the continuing price action of the Dow Jones and the #USDollar. Watch for volumes and market shift where smart money are trailing pricey stocks.
Another catalyst supporting the #USD is the positive figures the US #ISM manufacturing released which pushed the #DXY currently @97.62 to this writing. So far so good as we are riding the interim trend higher with limited session drawbacks as of now. Not much to really expect as the #volumes and#momentum is gradually sustaining this move. Will keep the relative sentiments favorable for the#USDJPY's active trend higher that outweighs some contrary analysis circulating in the market place.
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