PSE Market Outlook (15 Mar 2023) by 2TradeAsia
Sentiment may take its cue from assurances given by Pres. Biden, that the issues on SVB & Signature Bank would be contained.
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.
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Will the bulls once again defend this area? The PSEI is now heading back towards its MA 100 support with MACD on a prolonged bearishness.
The bears continued to dominate last week with the PSEi closing below 6,600 anew.
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