News

BSP Rediscount Rates Effective 08 November 2023

PDate: 11/7/2023
Content: Effective 08 November 2023, the applicable rediscount rates for the Bangko Sentral ng Pilipinas (BSP) Peso Rediscount Facility and Exporters’ Dollar and Yen Rediscount Facility are as follows:a. Peso Rediscount Facility ...

News

7 Nov 2023

Monetary Board Cancels Registration as Money Changer/Foreign Exchange Dealer of MCEX FOREIGN EXCHANGE

PDate: 11/7/2023
Content: The cancellation of the Bangko Sentral ng Pilipinas registration of MCEX FOREIGN EXCHANGE as Money Changer (MC)/Foreign Exchange Dealer(FXD) was approved by the Monetary Board (MB) in its Resolution No. 32.A dated 05 January ...

News

7 Nov 2023

Nasdaq 100 Goes on Bullish Tear, USD/JPY Perks Up as US Yields Resume Rebound

This article focuses on the Nasdaq 100 and USD/JPY from a technical standpoint, analyzing major price levels that could act as support or resistance in the coming trading sessions.

Forex

6 Nov 2023

Oil Price Forecast: WTI Remains Vulnerable Below the 100-Day MA

Oil prices failed to hold onto early session gains to fall into red for the day. Further downside looks likely below the 100-day MA

Forex

6 Nov 2023

Invest Securities Stocks Bonds

One of the common questions I get is, why should you take the chance to invest in securities? And I think it’s commonly asked because most of us know little about them. As mentioned earlier about investing, securities are paper assets. That is, unlike ...

News

6 Nov 2023

Gold Price Forecast: $1980 Support Break Eyed, Do Bears Have the Momentum?

Gold consolidates above a key support area as market participants await further clues. DXY remains key as we have a host of Fed Speakers on the docket which could provide some volatility as the week progresses.

Forex

6 Nov 2023

The Best Pinoy Movie Sites

When you’re at home and don’t have much to do other than partake in the never-ending social media scroll—or when you’re hanging out with your friends, maybe even your crush, and want to impress them with your refined taste in films—ha...

News

6 Nov 2023

US Dollar Setups: EUR/USD, GBP/USD and AUD/USD Muted as Bullish Momentum Wanes

This piece employs a technical approach to analyze EUR/USD, GBP/USD, and AUD/USD, with an emphasis on significant price levels that may act as support or resistance in the upcoming trading sessions.

Forex

6 Nov 2023

Investing In Top Philippine Money Market Funds

Little is known about investing in money market funds in the Philippines. Unlike equities and index funds, most Pinoys are not familiar with the sort of assets that money market funds acquire. Maybe because it’s sort of on the ...

News

6 Nov 2023

GBP/USD Update: Cable Encounters Resistance Ahead of Q3 GDP Print

The pound benefitted from last week’s dollar selloff but the pair finds early resistance in a quiet week. Fed speakers emerge to fill the void with UK GDP on Friday

Forex

6 Nov 2023

USD/ZAR Price Forecast: Is the Rand Rally Over?

Rand prices faces firm opposition at a key support zone after a sharp appreciation against the USD.

Forex

6 Nov 2023

US Dollar (DXY) Sell-Off Continues after US Treasury Yields Collapse

The US dollar continues to move lower and eyes levels last seen nearly two months ago, as rate traders price in 100 basis points of rate cuts in the US next year.

Forex

6 Nov 2023

FTSE 100, DAX 40 and S&P 500 Lose Upside Momentum Following Last Week’s Strong Gains

Outlook on FTSE 100, DAX 40 and S&P 500 as softer US economic data, a subdued Non-Farm Payrolls and dovish Fed statements led to risk-on sentiment.

Forex

6 Nov 2023

Difference Stock Share Equity

You will hear a lot of people telling you about stocks, shares and equities. Frequently, these words are used interchangeably. But are there any difference between the three? It turns out, there is. Stock A stock represents ownership of a company. For ...

News

6 Nov 2023

AUD/USD Price Forecast: Aussie Dollar Looks to RBA for Guidance

AUD prices trade marginally lower today as investors keenly await tomorrow’s RBA interest rate decision.

Forex

6 Nov 2023

The Philippine Financial System Maintains Robust Performance in the First Half of 2023

PDate: 11/6/2023
Content: Alongside improving macroeconomic fundamentals, the Report on the Philippine Financial System for the First Semester of 2023 shows that the Philippine financial system continued its robust performance and supported economic a...

News

6 Nov 2023

Markets Week Ahead: Gold Muted, Nasdaq 100, EUR/USD, GBP/USD Rip as US Yields Sink

Several Fed officials will deliver speeches in the coming days, including Chairman Powell. Traders should pay attention to their comments for clues on the outlook for monetary policy and impact on markets.

Forex

5 Nov 2023

Gold/Silver Weekly Forecast: Investors Capitalize on Weak NFPs

Gold & silver prices rallied last week leaving technical signal in favor of additional upside as markets prepare for several Fed speakers throughout the week.

Forex

5 Nov 2023

US Dollar Forecast: EUR/USD, GBP/USD and AUD/USD Break Out, USD/JPY Muted

In this article, we analyze EUR/USD, USD/JPY, GBP/USD and AUD/USD from a technical standpoint, highlighting crucial price levels that may act as support or resistance in the upcoming week.

Forex

5 Nov 2023

Euro Forecast: Euro Picks up after Markets Signal End to US Rate Hikes

EUR/USD was the main beneficiary of the dollar’s massive slide late on Friday after markets reduced the likelihood of another US hike amid slowing jobs data

Forex

4 Nov 2023

Japanese Yen Weekly Forecast: BoJ Tweak Fails to Inspire but Dollar Weakness Looks Promising for USD/JPY

The BoJ delivered a minimal tweak to policy this week with markets still betting on rate hikes in April 2024. USDJPY benefitted from a weaker US Dollar which should it continue could negate the need for full blown BoJ FX intervention.

Forex

4 Nov 2023

Australian Dollar Forecast: The RBA is Under Starters Orders

The Australian Dollar found some traction ahead of the RBA monetary policy decision in the aftermath of accelerating inflation. Will a rate hike further boost AUD/USD and AUD/JPY?

Forex

4 Nov 2023

BSP Names Outstanding Head Office, South Luzon Partners

PDate: 11/4/2023
Content: BSP Governor Eli M. Remolona, Jr. (center, in dark suit) led central bank officials at the recognition ceremony for the outstanding partners of the BSP Head Office last Friday, 27 October. They included, from left, Depu...

News

3 Nov 2023

British Pound (GBP/USD) Reverses Sharply Higher After US Jobs Data

The US bond market is sending out a clear signal, interest rates have peaked and they are going down next year. This US dollar weakness is helping GBP/USD reverse its recent slump

Forex

3 Nov 2023

BSP Joins Celebration of National Statistics Month

PDate: 11/4/2023
Content: The Bangko Sentral ng Pilipinas (BSP) joined the celebration of the 34th National Statistics Month (NSM) by conducting an online public information campaign on the economic, monetary, and financial statistics it produces regu...

News

3 Nov 2023

US Breaking News: NFP Disappointment Sinks USD, Gold Bid

October’s NFP data fell slightly short of estimates but still posted 150k additional jobs in October. Employment and earnings easing much to the delight of the Fed

Forex

3 Nov 2023

Gold (XAU/USD) Struggling to Push Higher, US Jobs Report Next

Gold is stuck below $2k despite failing US Treasury yields and ongoing military action in Gaza. Will the latest US Jobs Report provide a catalyst for pre-weekend price action?

Forex

3 Nov 2023

Monetary Board Cancels Registration as Foreign Exchange Dealer (FXD)/Money Changer (MC) of Lady Diamond Foreign Exchange Service

PDate: 11/3/2023
Content: The cancellation of the Bangko Sentral ng Pilipinas registration to operate as FXD/MC of LADY DIAMOND FOREIGN EXCHANGE SERVICE was approved by the Monetary Board in its Resolution No. 1414.A dated 22 September 2022 pursuant t...

News

3 Nov 2023

Trade & Earn Together! Unlock USDT Rewards with Friends on Coins.ph

Calling all crypto buddies! Refer a friend and earn rewards! Refer a friend to sign up to Coins.ph, and both you and your friend get rewards of 1% back on his or her first USDT to PHP Convert transaction!

3 Nov 2023

Coins Insider: Latest News, Exclusive Partnerships, and Exciting Events in October 2023

Another eventful month has come to pass! Check out all the unforgettable highlights from Coins.ph this October with Coins Insider! This month, we saw new partnerships forged, the remittance industry changed, and community events surrounded by industry leaders, experts and more!

3 Nov 2023