PSE Market Notes – Event Driven Trades

PSE retested the 6800 area but didn’t go lower than previous 6800 test as the market awaited the BSP rate decision on Nov 14. BSP hiked 0.25 after market, on 50-50 expectation sentiment.

Nov 15 USDPHP fell from 53 to 52.60 after failing to push back up past 53.3. SPY went up and EPHE expanded range.

Nov 16 PSEi gapped up on open and several blue chips ended up 5% to 10% through Nov 17.