Where is the Peso headed? - Marvin Germo

Do you want to Make Money and Grow Money?

YES, I want it!
Peso USD

Where is the Peso headed?

By: Marvin Germo | October 1, 2016


“Hi Marvin, I ‘m scared about what’s happening in the Philippines right now. I was planning to go home in 4 years but all news is making me a bit tense. I just want to know how far can the Peso slide? Thank you.
Calvin, 48, Dubai, UAE

To those who want to take it a notch higher and want a good foundation in stock trading and investing.  I would like to invite you to our live seminars in Metro ManilaSingaporeAustralia, UAECebu and Davao.  The heart of why I do this seminars is I want to build a generation of Filipinos with the right foundation in stock investing.  I want to bring smart investing to every Filipino around the world!  This is my passion and this is what I want to do over and over!  To bring more consumers to investors!  We will be teaching different techniques from how to select the right stocks up to how to find the perfect timing in buying and selling stocks.

Stock Smarts Manila —  October 1, 2016
Stock Smarts Australia —  October 15 – 16, 2016
Stock Smarts Cebu —  October 28 – 29, 2016
Stock Smarts Davao —  November 5 – 6, 2016
Stock Smarts Iloilo —  November 19 – 20, 2016
Stock Smarts Singapore – November 28 – 29, 2016
Stock Smarts Manila —  December 3 & 10, 2016

Stock Smarts Seminars

Hi Calvin,

First of all, don’t be scared. Fear causes investors to be irrational on their decisions. What we want is for us to make sound investment moves based on our trading and financial plan.

I normally post stock charts but because of the numerous questions I got about the USD vs the PHP and its relevance to what’s happening in today’s market, here’s a technical snapshot of what’s happening to the PHP.

Peso USD
1. As of this writing, the USD is bullish against the PHP, all technical indicators at this point, point toward the USD appreciating even further.
2. Something significant happened after it broke the 48 Peso level. This range has was never broken in i think more than 7 years already. (Let me double check on how long). This means that the USD is on a breakout.
3. Should this breakout progress, the USD may go as high over the short term to 50. Which is the next resistance level. Should 50 be broken, 52-53 may be the next resistance. However, I think should things escalate further, the BSP will also step in to protect the PHP.
4. Should 48 not hold in the next few days, there is a possibility that the PHP could appreciate back to 47.5, specially if the BSP intervenes.
As the USD appreciates, this places a strain on the products that we buy abroad since the Philippines is a nation that imports more products than it exports. This could also lead to prices of normal goods and services to go up and may increase inflation.  On the flip side, it’s a party for OFWs, as their remittances will go a longer way this time. The BPOs will also earn more from this and also our very small export industry. Hoping that the consumption spending from all of this can offset the current depreciation from the PHP.
Will update you again when we see a reversal in the charts or if there is another significant move. I am fan of the Philippines. I hope that all this noise clears out so we can let our value just stand out. But as of this point this is how the market is reacting and we just move and make our strategy based on what is presented before us.

Let me end with this, Psalm 91: 5-7 (NLT)

“Do not be afraid of the terrors of the night, nor the arrow that flies in the day. Do not dread the disease that stalks in darkness, nor the disaster that strikes at midday. Though a thousand fall at your side, though ten thousand are dying around you, these evils will not touch you.”

Hope this helps you.
I’m excited to share my latest book, Where Should You Invest?    This will answer one of the biggest questions on the what, where and when you should invest on. I will also tackle the concept that there are certain investments that work well with others and some investments that don’t work well at a certain investment phases.

This is aimed to help investors have a holistic sense on how they can grow, maximize, and preserve their wealth!(Stock Smarts Book 4 is also coming this year)  I also feature other books in my website with authors that I respect which have different expertise in Finance, Business, Investing and everything else in between.

For more details and to order: Marvin Germo Book Orders

Marvin Germo Book Orders