Taking a cue from market volatility with the @DOW and #SP500 price benchmark levels from our previous analysis, the #PSEI relief recovery from last week has now started to resume its downward trajectory.
The recent attempt towards the 6800-7000 range likewise were not a convincing rally which fizzled out as more foreign outflows weigh in the market. A similar case scenario have been building up even if the data on the Philippine GDP were in line with expectations; it was not enough to make a significant change in market sentiments to global slowdown on Asia Pacific economy.
The USDPHP after several weakness move heading slightly above 48.00 have gained some footing @47.50 levels while a resumption of its weakness can again be seen especially tied to the stock performance of the PSE Index. A closing below the 6500 levels will be still in negative territory heading towards the election season that may prove to weigh into the market. And any price recovery would be considered short-term. Consider looking @EPHE as a reference other than the traditional way looking @PSEI while comparing it with the @DOW Jones Industrial Average
Thus US-Asian investors would be well positioned to take advantage of related US markets that would offset overall negative value in PH stocks in their portfolio. The volume and liquidity of other markets relative to these moves are accessible knowing how to is a matter of due diligence and deriving a positive trading decision from a prism of market perspective analysis.
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