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 USD/MYR drop, V2

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TSwil-i-am
post Oct 19 2015, 10:13 PM

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Honda Malaysia says to raise vehicle prices by 2% to 3%
http://www.thestar.com.my/Business/Busines...ices/?style=biz

Better buy Honda quick by tis Christmas...
TSwil-i-am
post Oct 20 2015, 08:36 AM

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QUOTE(AVFAN @ Oct 20 2015, 01:43 AM)
.. soft china data
.. saudi oil stocks building up
.. iran deal in progress
.. crude at 46
.. bijan budget
.. bijan motion

what do u think rm will be tmrw and friday? sweat.gif
*
Heading towards 4.30 mark
Btw, BNM will release reserves @ 15/10 on 22/10
TSwil-i-am
post Oct 20 2015, 04:50 PM

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19 Oct 2015 08:40 UTC - 20 Oct 2015 08:46 UTC
USD/MYR close:4.27298 low:4.20850 high:4.29478

Almost hit 4.30
TSwil-i-am
post Oct 21 2015, 08:37 AM

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QUOTE(Roger89 @ Oct 20 2015, 10:04 PM)
4.32 hit liao. People will find it hard to believe the magnitude of the MYR depreciation.
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Biz as usual for everyone...
TSwil-i-am
post Oct 22 2015, 12:10 PM

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Awaiting release of BNM Statement of Accounts as at 15 Oct 2015 today...
TSwil-i-am
post Oct 22 2015, 07:26 PM

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QUOTE(Showtime747 @ Oct 22 2015, 07:25 PM)
Looks like the current level 4.20-4.30 is stable, no more exodus of foreign funds and already factoring in the domestic political issues and economic fundamentals

Only oil price will have the short term effect on RM. And budget this Friday should be positive for the RM. Until the FED interest rate threat resurface

Could be back down to 4.00 or even 3.xx if political issues are resolved by year end and FED's direction is no more an uncertainty. 

Unker's prediction 4.7-4.8 looks vulnerable now...
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Time to short USD? hmm.gif
TSwil-i-am
post Oct 23 2015, 09:39 AM

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Leading the charge
http://www.focusmalaysia.my/Mainstream/Lea...%20the%20charge

All commodities goes up
Can tis momentum sustain plus turnaround for MYR?

TSwil-i-am
post Oct 23 2015, 01:31 PM

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QUOTE(Showtime747 @ Oct 23 2015, 12:28 PM)
With oil still around $45, RM appreciate from 4.28/4.29 to 4.22/4.23 today. I think they already pricing in goodies in budget 2016  tongue.gif
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Buy on rumours n sell on facts?
TSwil-i-am
post Oct 23 2015, 02:35 PM

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HLIB: Combination of factors bode well for slow, steady foreign reserves build-up
http://www.theedgemarkets.com/my/article/h...-reserves-build

Can MYR close at 4.00 by year end?
TSwil-i-am
post Oct 23 2015, 08:04 PM

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QUOTE(Hansel @ Oct 23 2015, 07:40 PM)
RMB will weaken, SSE and HSI will react positively. What are the secondary effects to the world ?

Probably RM will weaken again,.... sad.gif
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Time to long USD
TSwil-i-am
post Oct 23 2015, 09:31 PM

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QUOTE(Hansel @ Oct 23 2015, 09:28 PM)
Why would oil drop when the central banks provide more stimuli ? Or are you saying that stimuli are given because of poor economic activities, which in turn cause less demand for oil, subsequently causing oil price to drop ?
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Demand is poor from China
TSwil-i-am
post Oct 23 2015, 09:48 PM

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QUOTE(Hansel @ Oct 23 2015, 09:38 PM)
OKay,... demand poor from China, that's why the PBOC needs to initiate more stimulus. Demand poor means oil price can't go up. Hence, it's oil price drops causing the PBOC to cut rates.
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Crude drop 0.82 or 1.81% to 44.56 now sweat.gif
TSwil-i-am
post Oct 24 2015, 01:13 PM

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1. Both WTI Crude n Brent Crude close @ 44.60 n 47.99
2. China cut rates n reserves
USD/MYR shld b heading to 4.30 next week?
TSwil-i-am
post Oct 24 2015, 04:07 PM

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Budget 2016 neutral on ringgit, says StanChart Research
http://www.theedgemarkets.com/my/article/b...nchart-research
TSwil-i-am
post Oct 24 2015, 08:47 PM

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QUOTE(AVFAN @ Oct 24 2015, 07:32 PM)
At this time, I see it 70:30 against the rm.

Anyway, good luck, we all need it. laugh.gif
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I wud long USD tongue.gif
TSwil-i-am
post Oct 25 2015, 11:43 AM

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QUOTE(AVFAN @ Oct 25 2015, 11:38 AM)
std chart... neutral?!

end of 2015... 3.75 -> 4.05 -> 4.25

but ya, markets unpredictable... this bank looks like a headless chicken. tongue.gif
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Report from Bank based on fundamentals analysis
However, actual movement based on 'perception' mentality
TSwil-i-am
post Oct 25 2015, 03:43 PM

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QUOTE(hazard_puppet @ Oct 25 2015, 12:13 PM)
this monday i expect rm4.4 biggrin.gif

china lowered their interest rate again really do affect other major currency, what to expect from rm?
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QUOTE(enticing188 @ Oct 25 2015, 12:24 PM)
4.5 at least i'd reckon
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If can hit 4.33, m happy alredy icon_idea.gif
TSwil-i-am
post Oct 25 2015, 08:10 PM

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QUOTE(enticing188 @ Oct 25 2015, 05:37 PM)
must be earning lots of profit huh? hehe
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Just earn set lunch ony brows.gif
TSwil-i-am
post Oct 26 2015, 09:40 PM

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Foreign workers also feel the pinch with ringgit’s slide
http://www.theedgemarkets.com/my/article/f...E2%80%99s-slide

Will migrant leave M'sia?
TSwil-i-am
post Oct 26 2015, 10:08 PM

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Ringgit risks falling further if 1MDB issue unresolved
http://www.theedgemarkets.com/my/article/%...solved%E2%80%99

V can expect RM4.50 by year end?

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