Yeah,... I saw that thread too,..

Could be a contributor too for today's RM move. With all these factors against the RM, there is just but oneway for the RM to go,...

Personally, I am not really in favour for the RM to plunge too low. I still have assets denom in the RM. The confidence level for the RM was at, if in the USD, a resistance of 4.40.

Now there is a default bet against the RM,... if a default takes place, say,... in the middle of next year, the RM will plunge all the way down.

All the above are happening because of : a lowering tide sinks all ships. Caution is being exercised because of the Feds policy statement press briefing early tmrw morning, local time.

If the press briefing signals no hike for this year, the indices will soar again. The PBOC cutting its interest rate and its bank lending regulations by reducing the standby Reserve Requirement Ratio will then 're-cuople' back itself onto the world economy and cause prices to move up again.

ON the other hand, if the briefing signals 'perhaps hike', and the stronger this signal is, the more the indices will continue to be affecdted negatively.

If crude does not turn around tonight, RM will turn around and strengthen this morning.

Waiting for Ms Yellen's press conf..

Dollar Spot Index spiked sharply !!!!!!!!

EURUSD dived with a sharp spike.

The 3 major indices suddenly turned around.

Futures bets gaining now on a hike in .......January instead of March !

ALL three indices in the RED now !!!!!

Wow,... ALL three indices reversing again,... going into the green again,.....

You never missed, my friend,...

Hard game to play,...

Guys,......DID AUNTIE YELLEN HINT EARLY THIS MORNING THAT THE FOMC MAY NOT RAISE RATES BY COMING YEAR-END ?

Hi Mike,... don't understand,... shouldn't the percentages when added up equal to 100% ?

If everything and everywhere rallies, especially China and HK bourses, then the FOMC will definitely HIKE. YES !

Yes, understood,... tq,...

From last FOMC mtg,... not so caring anymore against weaknesses outside of The US. I guessed no need to care about us, we'll take care of ourselves, tq,... just hike that rate and we'll all do fine.

I think central banks everywhere are confused because of what they see in their respective mkts. Their respective mkts are confused abt the rate hike, and hence the disruptions everywhere, giving rise to poor mkt performance.

Then auntie sees the central banks behaving this way, and gets even more confused herself, pulling back the hike decision. No hike makes mkts even more confused.

This snowball effect can never stop. The deeper the snowball rolls into the ravine, the harder it will be to get out of the ravine when the hike comes eventually.

The rate hike suggestion is the thing that started to rock the boat. The whole world started to panic over what might happen when interest rates start to go higher,... why ? ...because everybody has been having a gala time all these years, over-leveraging themselves.

Now, they are starting to feel the pain of (possible) higher credit costs,...including zero-debt individuals like myself. Why do I still feel the pain ? ....because of possible counter-party failures due to my investments. I may not have direct debts hitting me, but the instruments that I invested into certainly have gearings.

Frankly, who knows for sure what will happen when the cost of these gearings start to escalate ?

Okay,.. it's tonight Msian time,... not this morning,.. sorry,...

If she delays too long, then,... or perhaps that's their plan, delay and delay till we are immune to it, and are fully-ready for the hike,...

I think,....everybody is looking at the trend of rate hikes from previous times,... I recalled in the last round of hikes, the Feds just hiked and hiked continuously after the first round, and did not abate at all. I supposed institutions all over the world think the FOMC will repeat the same thing this time round.

Secondly, everybody is afraid of everybody else, of how it will affect the counter-parties. If a party is highly-leveraged, even a 25bp hike may drive it over the wall. If, say, I am unfortunate enough to have this party with an over-leveraged portfolio to be my counter-party, then I will be dragged down the drain too together with it.

Edited by adding : I hoped Ms Yellen will say with conviction tonight that she will hike this December, unless there is an overly weak economic number appearing that has not appeared at all in the last 11 months. Save for such a number appearing, she must mention that she WILL HIKE.

Then the ball is set. The world will know how to behave from here.

This post has been edited by Hansel: Nov 4 2015, 10:45 PM

Going by your input, the first two comments by Ms Yellen are the convictions for a Dec hike. LIke I said earlier, they will still be on data-dependant mode, eg if any economic reading detected is weaker than the last 11 months, then only will it justify another delay, this delay will be a delay into 2016.

Otherwise, the rate hike will really materialise this time. Perhaps even before mid-December,... too close to Christmas.

Liftoff,....