F. Yap Securities / 2TradeAsia

Trades may stay range-bound, as market players check on momentum improvement, after the FOMC & BSP’s move to raise benchmark rates by an expected 25bps.

Light sessions are seen, as participants balance Fed chair Powell’s remarks on future interest rate increases & issues weighing on the US financial system.

Sequel rallies are seen, as sentiment glides with US equities’ rise.

Sessions might score on the plus-side, on assurances over the local financial system’s stable capitalization.

Expect volatility for most part of the week, ahead of the FOMC & the local central bank’s policy meeting.

Higher zones are in place, on assurances from US Treas. Sec. Yellen that the US banking system remains sound on the back of

Sentiment may take its cue from assurances given by Pres. Biden, that the issues on SVB & Signature Bank would be contained.

Expect volatility as participants assess regulators’ prime moves to isolate & address the capital-raising issue that has weighed on Silicon Valley Bank (SVB) Financial Group.

Local equities might be on weaker trail, as sentiment glides to Wall Street’s overnight drop (DJIA -1.66%, Nasdaq Comp. -2.05%).

Local sessions might test higher planes, with macro headlines being factored into prices. The focus would be on

Market participants will weigh if sentiment would glide more to prospects for faster Fed rate hikes against tamer inflation results for February at home.