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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Free AccessUSD/PHP has shed 6 pips and trades at....>
DOLLAR-PHP: USD/PHP has shed 6 pips and trades at PHP50.68 as we type. BSP Gov
Diokno spoke with ABS-CBN News Channel today, noting that domestic banks are
prepared for loan defaults, adding that the country needs a supplemental budget.
- Over the weekend, some restrictions in the Philippine capital have been
relaxed, but the government warned that retail venues which will fail to
implement social distancing guidelines can be shut by the authorities.
- Bears look for a deeper decline, past May 6 high of PHP50.63 and towards May
14 cycle low of PHP50.25. Conversely, bulls need to take out the 50-/100-DMAs at
PHP50.74/75 before taking aim at Apr 24 peak/38.2% retracement of the Mar 18 -
May 14 sell-off at PHP50.84/85.
- This week's docket in the Philippines is rather thin.
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.