Trial now
SHORT-STERLING OPTIONS

Call spread buyer

SILVER TECHS

Needle Still Points South

EUROZONE ISSUANCE

EU issues RFP for NGEU transaction

FOREX

FX OPTION EXPIRY

WTI TECHS

(N1) Watching The 20-Day EMA

DOLLAR-PHP
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.