Japanese stocks stretch rally, oil up as markets soak up NAFTA deal – This will overflow to PSEi.

Asian stocks were steady on Tuesday as Japanese equities rose to a fresh 27-year high while crude oil prices were elevated in the afterglow of an agreement that salvaged a North American free trade deal.  The United States and Canada forged a last-minute deal on Sunday to salvage NAFTA as a trilateral pact with Mexico, rescuing a three-country, $1.2 trillion open-trade zone that had been about to collapse after nearly a quarter century. MSCI’s broadest index of Asia-Pacific shares outside Japan was little changed. Australian stocks edged up 0.1 percent and South Korea’s KOSPI added 0.05 percent. Japan’s Nikkei gained 0.5 percent. Read More @ https://www.reuters.com/article/us-global-markets/japanese-stocks-stretch-rally-oil-up-as-markets-soak-up-nafta-deal-idUSKCN1MC02M?feedType=RSS&feedName=businessNews&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+reuters%2FbusinessNews+%28Business+News%29

Trump hails Canada, Mexico trade pact as win for U.S. workers – another news which is positive for PSEi.

President Donald Trump on Monday touted a new trade deal with Canada and Mexico as a win for U.S. workers while investors breathed a sigh of relief that the key pillars of NAFTA had survived his hardball strategy to reshape global commerce.  Washington and Ottawa reached an agreement on Sunday after weeks of tense bilateral talks to update the 1994 North American Free Trade Agreement. The United States had forged a separate trade deal with Mexico, the third member of NAFTA, in August. The new agreement, called the United States-Mexico-Canada Agreement (USMCA), is aimed at bringing more jobs into the United States, with Canada and Mexico accepting more restrictive commerce with the United States, their main export customer. “These measures will support many – hundreds of thousands – American jobs,” Trump said at the White House, describing the trade deal as “the most important” the United States had ever made. Read More @ https://www.reuters.com/article/us-trade-nafta/trump-hails-canada-mexico-trade-pact-as-win-for-u-s-workers-idUSKCN1MB28G?feedType=RSS&feedName=businessNews&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+reuters%2FbusinessNews+%28Business+News%29

WHAT IS SAN MIGUEL TECHNICAL CHART SAYING?

WHAT IS PESO AVERAGING?

PESO COST Averaging (PCA) is an investment technique of buying a fixed PESO amount of a particular investment on a regular schedule, regardless of the share price. The investor purchases more shares when prices are low and fewer shares when prices are high. – Master this skill you will love me for it!!!

Understand all the critical prices at support and keep accumulating this stock.

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Please note that Forex and other leveraged trading involves significant risk of loss, It is not suitable for all traders and you should make sure you understand the risks involved, it is recommended that you seek an independent advice, if necessary.

 

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