Time to short USD now?

Need to TT soon. Last TT was 4.3 for USD and that was end of September.

USD-MYR 4.2910 -0.0800

woohhoo 4.28

Wonder this reversal is cos by TPPA or Templeton's statement or something else?

http://www.bloomberg.com/news/articles/201...n-the-spotlight

http://www.bloomberg.com/news/articles/201...ket-opportunity

This post has been edited by MGM: Oct 7 2015, 02:05 PM

May be more due to oil price, as latest news about Russia and OPEC members may hint about talk about oil price issue, which sent oil price up nearly 5% on yesterday.

Wah ! RM is having a rare day of appreciation in a long long time

USD 4.25973
EUR 4.79746
GBP 6.49492
SGD 3.00209
AUD 3.06125

SGD <3.00 soon ! USD below 4.30

What you guys waiting for. Opportunity will not last

4.0? Not likely.

Ya, I think <4.300 is already very good price. Not going to fall further to 4.00 level in short term I think. It will be back up very very soon in a matter of days. Have to be decisive and act quick now

Just my guess

I tot student shld concentrate on studies instead of forum

Now free time what

As I said earlier,... mainly because of oil price and to a smaller extent, because of the USD weakening.

The biggest non-OPEC member and the biggest OPEC-member are now ready to talk more seriously. A key OPEC member just commented not to listen too much to the press and to outside rumours.

Everything is discussed and decided upon behind closed doors in the APEC meeting.

Lol meaning will drop back to > 4.3? Lol!!

4.275, very good price now.

usd weak, oil up and pulling other commodities with it.

asian champ today is rupiah +3%, rm second 2.6%.

4.20 is possible. sgd... 3.0...?


but... if tonite us crude inventories rise big time, it'll be a u-turn tmrw.

buy or sell according to yr mid-long term plans, too much short term speculation can be disastrous...

This post has been edited by AVFAN: Oct 7 2015, 03:30 PM

I have an answer for you - wait till next week, buy the SGD.

4.2270

Stock market also "partying"

Wow! <4.2 is possible today?

possible. hoho 4.217 now

The reason for all these plunges, according to Thomson-Reuters :-

07-10-2015 13:59:42
BUZZ-USD/SGD dragged lower by USD/MYR

* USD/SGD slips thru 1.4180, weighed by sell-off in USD/MYR*

Next stall seen at 1.4161, 23 Sept low, break risks 1.4100 next* USD/SGD last 1.4183-87, traded low at 1.4174 so far* SGD/MYR plunge to 3.0100 low last, eyes strong support at 3.00*

Catherine.Tan@thomsonreuters.com