Hello forex peeps! What I have here on the canvass is the daily chart of the US dollar versus the Japanese yen (USD/JPY). Last May, the [Read more...]
A Triangle Seen In The US Dollar Against The Japanese Yen!
MyPhone Sales Pushing Solid Group, Inc. (SGI) Higher
Solid Group, Inc. or SGI in the Philippine Stock Exchange, the name behind the only Philippine-mobile [Read more...]
New Partner In Geothermal Project To Lift Basic Energy Corporation (BSC)?
Basic Energy Corporation or BSC is one of the publicly listed firms in the Philippines that is engaged in the development of alternative and renewable energy. In a disclosure [Read more...]
Megaworld (MEG) Stocks Slowing Down?
Megaworld Corporation (MEG) has made an awesome run in 2 years. From PhP0.44 back in March 20 of 2009, it shot up to a 2-year high of PhP 2.84. An outstanding 545% gain that is. In spite of many [Read more...]
More Upside Seen On Fil-Estate Land (LND)
The other day, the deal between Alliance Global, Inc. (AGI) and Fil-Estate Land (GERI) regarding the latter’s sale of 5 billion common shares for PHP 5 billion was pushed back to [Read more...]
Is Something Brewing With San Miguel Brewery (SMB)?
Is something brewing with San Miguel Brewery (SMB) as of late? That is the question. Based on its price action for the last month or so, it looks like that the company is on to something. As you can see from its daily chart [Read more...]
Silver Breaks Down From Its Immediate Uptrend
Last October, my colleague mentioned that the price of silver has recently marked a new all-time high when it broke above its previous high at 21.34USD (kindly see this). He also mentioned that [Read more...]
Network Upgrade And Higher Electric Rates To Lift MERALCO
Early last week, Meralco or Manila Electric Company (MER), which is the Philippines’ largest distributor of electricity, announced that it is considering to spend a total of PHP 45 billion from 2011 to 2015 to upgrade its electricity distribution network. About 85% of this projected capital expenditure will be used for the development of its delivery system and for the acquisition [Read more...]
Sinophil Corp. (SINO) Takes Cue From Belle and Leisure & Resorts World
If any one of you missed the Belle Corporation (BEL) and Leisure and Resorts World Corporation (LR) trains like me, don’t fret, Sinophil Corporation or SINO in the Philippine Stock Exchange could take you to another [Read more...]
American Express (AXP) Keeps You Shopping
Looks like heavy promotional activity like big discounts spurred shopping traffic last year and many people have been using credit cards. I’m most likely sure you’re one of them my friend! The more [Read more...]
Filinvest Development Corp. (FDC), Making The News
Filinvest Development Corporation or FDC in the Philippine Stock Exchange broke its silence yesterday when it rose by 10.71%. It actually erupted out of an [Read more...]
To LIB Another Day!
Hi guys, here’s my Philippine stock pick of the week – Liberty Telecoms Holdings, Inc. or LIB in the Philippine Stock Exchange. This company is a joint venture between San Miguel Corporation (SMC) and [Read more...]
US Dollar Soared After Strong US Figures
The US Dollar Index (USDX), an index which measures the valuation of the US dollar against a basket of currencies like the euro, has been stuck in a trading range after it rebounded from its low of 75.631 last November 4. It peaked at 81.444 on November 30 but it has since moved sideways. [Read more...]
Man Photographs His Own Assassination
This photograph was taken by Philippine councilor Reynaldo Dagsa on New Year’s day seconds before he was shot dead. The photo shows [Read more...]
Semirara Mining Corp. (SCC), Knocking On Heaven’s Door?
Good day my trader friends! Here’s a technical update on Semirara Mining Corporation or SCC. You see, after breaking free from the PHP 60.00 threshold back in April 2010, SCC has gone nowhere but up. In less than a year, it was able to reach past PHP 180.00, [Read more...]
The US Dollar Drops Like A Man
Despite the US dollar‘s weakness, it has been falling like a man trying to rally from every drop against the Canadian dollar when they hit parity. For the past few months, the 1.0000 level had been a very strong support for the greenback. However, now that the value of the US dollar versus the Canadian dollar (USD/CAD) is [Read more...]
Who Wants To Win The (LOTO)?
Pacific Online Systems Corporation or LOTO in the Philippine Stock Exchange is engaged in the business of developing and managing online systems for the Philippine gaming industry. It also leases to the Philippine Charity Sweepstakes Office (PCSO) [Read more...]
The January Effect On The Dow Jones Industrial Average
Happy New Year everyone!!! The Santa Clause Rally gave the Dow Jones Industrial Average (^DJI) a decent rise for the final month of 2010. From 11,007.30 on December 1st, the ^DJI ended the month up by 570.20 points to [Read more...]
First Philippine Holdings (FPH) to Make 2011 Its Year?
Last December 2009, First Philippine Holdings Corporation or FPH in the Philippine Stock Exchange disclosed that it is planning to invest more than $750 million in renewable energy. The company’s chief financial officer, Francis [Read more...]
The Australian Dollar At A New All-time High!
The holiday season must have really great for those who are long on the Australian. The month of November was not particularly well since the AUDUSD pair has slid by 640 pips after marking a historical high at 1.0183 and [Read more...]
