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 USD/MYR drop, V2

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anudora
post Sep 11 2015, 01:25 PM

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Today is BNM monetary policy statement! flex.gif icon_rolleyes.gif
TSwil-i-am
post Sep 11 2015, 01:40 PM

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Weak ringgit causing poor consumer spending outlook
http://www.focusmalaysia.my/Markets/Weak%2...nding%20outlook

Inflation goin up slowly...
jasonkho
post Sep 11 2015, 01:42 PM

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Iphone 6s Starting at RM3k
anudora
post Sep 11 2015, 01:59 PM

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QUOTE(jasonkho @ Sep 11 2015, 01:42 PM)
Iphone 6s Starting at RM3k
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Funny to see that the thing you most concern about is the price of an Iphone. tongue.gif

This post has been edited by anudora: Sep 11 2015, 01:59 PM
prody
post Sep 11 2015, 03:17 PM

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QUOTE(Ancient-XinG- @ Sep 10 2015, 10:18 PM)
Guys just want to ask. Is the lower boundary of KLCI reach which is 1500 points? Because some forumsr do say KLCI boundary is 1200points
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The stock market does not have boundaries.
Hansel
post Sep 11 2015, 03:23 PM

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QUOTE(prody @ Sep 11 2015, 03:17 PM)
The stock market does not have boundaries.
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The charts will say it does within a given timeline.
nexona88
post Sep 11 2015, 04:04 PM

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QUOTE(jasonkho @ Sep 11 2015, 01:42 PM)
Iphone 6s Starting at RM3k
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weaker MYR, so what to expect yawn.gif

anyhow why waste 3k for a phone, when u can get cheaper option. let's say around 1k tongue.gif
TSwil-i-am
post Sep 11 2015, 04:20 PM

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Ringgit heads for worst run of weekly losses since 1971
http://www.theedgemarkets.com/my/article/r...kly-losses-1971

Biz as usual for our Govt
TSwil-i-am
post Sep 11 2015, 06:08 PM

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BNM maintain OPR at 3.25%
Will MYR continue to drop?
AVFAN
post Sep 11 2015, 06:13 PM

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QUOTE(wil-i-am @ Sep 11 2015, 06:08 PM)
BNM maintain OPR at 3.25%
Will MYR continue to drop?
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think so.

usd weak today.

watch next week as fed sep 16-17 meeting nears...
Hansel
post Sep 11 2015, 06:30 PM

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QUOTE(wil-i-am @ Sep 11 2015, 06:08 PM)
BNM maintain OPR at 3.25%
Will MYR continue to drop?
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Very High probability ! Might not drop so much against the USD if certain events detrimental to the USD unfold next week, but will most probably depreciate against the SGD ! More so if the PAP wins by more than 81 seats in Parliament tonight !

Long live the SGD !
nexona88
post Sep 11 2015, 06:34 PM

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QUOTE(Hansel @ Sep 11 2015, 06:30 PM)
Very High probability ! Might not drop so much against the USD if certain events detrimental to the USD unfold next week, but will most probably depreciate against the SGD ! More so if the PAP wins by more than 81 seats in Parliament tonight !

Long live the SGD !
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if PAP can maintain all the seat won last GE also good enuf rolleyes.gif

most likely lose more seats tis time but still hold majority hmm.gif
prody
post Sep 11 2015, 07:16 PM

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QUOTE(Hansel @ Sep 11 2015, 03:23 PM)
The charts will say it does within a given timeline.
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You are adding time into the equation.

By adding time into the equation, boundaries are set by the maximum daily drop of the stock market.
kit2
post Sep 11 2015, 09:31 PM

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went to tesco this evening. shocked to see the crowd in front of the mamak money exchanger. normally there is hardly any customer at the counter. is this a sign that ringgit is going to drop further?
TSwil-i-am
post Sep 11 2015, 10:08 PM

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QUOTE(kit2 @ Sep 11 2015, 09:31 PM)
went to tesco this evening. shocked to see the crowd in front of the mamak money exchanger. normally there is hardly any customer at the counter. is this a sign that ringgit is going to drop further?
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When u define crowd, it depends on which school of tot u came from:-
1st - A lot of 'genuine' clients
2nd - Owner orchestra 'artificial' clients to give gud impression
kit2
post Sep 11 2015, 10:35 PM

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QUOTE(wil-i-am @ Sep 11 2015, 10:08 PM)
When u define crowd, it depends on which school of tot u came from:-
1st - A lot of 'genuine' clients
2nd - Owner orchestra 'artificial' clients to give gud impression
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i was hoping for no. 3 - owner is having a big sale! ^^
Hansel
post Sep 11 2015, 10:41 PM

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QUOTE(prody @ Sep 11 2015, 07:16 PM)
You are adding time into the equation.

By adding time into the equation, boundaries are set by the maximum daily drop of the stock market.
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Without time, the equation is not logical. One can always say something will happen, of course anything and everything can happen if given infinite time...Hence, time must be declared upfront for an event to take place for accuracy.
Hansel
post Sep 11 2015, 10:43 PM

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QUOTE(nexona88 @ Sep 11 2015, 06:34 PM)
if PAP can maintain all the seat won last GE also good enuf  rolleyes.gif

most likely lose more seats tis time but still hold majority hmm.gif
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I don't think so,... in the last GE, PAP won,.. 80 seats, if my memory serves me correctly ! I was there,... I think and hope that this time, it wil be better for the PAP.
Hansel
post Sep 11 2015, 10:47 PM

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QUOTE(kit2 @ Sep 11 2015, 09:31 PM)
went to tesco this evening. shocked to see the crowd in front of the mamak money exchanger. normally there is hardly any customer at the counter. is this a sign that ringgit is going to drop further?
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Depends on what denom they are changing from and into which denom they are changing into....
TSwil-i-am
post Sep 11 2015, 10:48 PM

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QUOTE(Hansel @ Sep 11 2015, 10:43 PM)
I don't think so,... in the last GE, PAP won,.. 80 seats, if my memory serves me correctly ! I was there,... I think and hope that this time, it wil be better for the PAP.
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Any possibility for PAP to increase national vote share from 60% previously?

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