that's what all analysts been saying.

so it's true?

more like directionally correct, some correlation, not always.

gas production is not crude production; gas price contacts may be very different; far less gas importers than crude.

RM3.80 ?

Too good to be true....

If oil $100 and bijan issue is solved, then RM3.00 ?

i think 3.8 is possible - if crude returns to >60.

but i doubt 60 is easy to get to unless opec and the rest cut production like hell.

not likely in next yr as they will lose volume and suffer just the same.

of course, i am assuming no change in bijan money wasting/songlap projects.

100 and bijan gone... there'll be bijan2, bijan100.

The recovery of USD/MYR is extremely fast especially tis week as compared to depreciation which is on gradual basis
Interesting to watch next week trading session

Since the MYR turned around, I too noticed that at about the same time, crude price started moving-up. In the last few days, crude price has stopped trending-up and stayed at around USD49.50, and so has the MYR started to hover at a median of 4.12,....

If crude price stays at around USD49.50 next wk, then we can confirm if the 'coupler' is crude price by the movement of the MYR.

There is a big 'wrench to this observation', though. IF the 'no-confidence vote' against the PM is successful in mid-October, then the MYR will decouple against the crude price and strengthens further.

Other than the above, we need to see how the MYR behaves if the price of crude stabilizes this week.

and i think this is where it gets dangerous...

after a couple fo weeks of crude and stock prices rise, many start to think the worst if over, all is going up.

i have my fears after reading what the IMF just said and the dangers lurking in usa's pension funds decay as a result of years of low int rate. even hedge funds are not doing well.

stay vigilant... gales and storms came and went.

a hurricane or tornado may be in the making.

We must decide if truly the MYR is tightly coupled with the price of crude next week. Crude has stopped appreciating in the last four days. And I don't see any news that will 'catalise' a further appreciation in the price of crude next.

Well,.... it is highly unlikely that crude will reach USD100/bbl in the near future,....

Bijan issues - hard to say,... but never crude price.

will not happen

not gonna happen. The speaker would reject the motion table

I have mentioned earlier
Anyway, finger x plus get redy popcorn

Looks like everybody is of the opinion that we will not be able to rid of the political problems. ... yeah, it's hard indeed,...

The USD/MYR made a high on that day 29 sep at RM4.48 to the USD and I sold some of my Euros holdings

I got a feeling that currently we have reached a temporary low and may last until Monday or Tuesday.

I bought some USD today at RM4.17. Will add more in days to come if it goes lower (target 4.07 technical support).

Add more USD guys, this is not the end of the USD rally against EM currencies.

if u read these new IMF reports, u'll definitely want to keep more $.

IMF warns of new threat posed by emerging economies
http://www.bbc.com/news/business-34465290
China poses threat to global growth, IMF warns
http://www.bbc.com/news/business-34136747
IMF cuts forecast for global growth
http://www.bbc.com/news/business-34455408

Please do not post any political matter in the finance section.
If political risk could cause RM movement, just stated so as "political risk" the end and no further more.

Those further discussion should not be in the finance section.

Ty.

USD/MYR could touch 4.00 by end of tis mth due to feel gud factors from 2016 Budget

cherroy,

It is VERY SIMPLE.

Politically, there will be a lot of noise over the next few weeks / months. Maybe nothing will be changed. But, the political risk to RM dropping further is very high.

Dreamer

Foreign investors will feel good or not?

In bijan-1, RM was even RM2.9xxx. But that was QE time....

A lot of uncertainty now. No clear direction as any time news appear can change the course. The opinion in this thread alone is diverse.