more like can't wait for them to raise.

the way i see it, china knows its economy is slowing, feels urgent enough.

will be happy if fed raised rates so that the rmb will be relatively weaker.

but fed dragged its feet for so long, and now ecb wants to do more qe.

no choice but to move first before it gets too bad.

that's how i read it.

If can hit 4.33, m happy alredy

must be earning lots of profit huh? hehe

I think you will be more than happy by tues!



Need to watch out for dev in early dec... That's when market will be very cautious about whether fed will finally raise rates or not and if ecb and Japan confirms new round of QE. And then we watch China again.

The currency wars continue. The oil game continues.

While the big boys play, the small ones get knocked aside.

So, "undervalue", "strong fundamentals" may mean nothing.

Just earn set lunch ony

Hello sifus! If I change myr to usd lets say when myr is strong and exchange back when myr is weak against usd at money changer counter, can i earn some profits? Or it's negligible unless the difference is very big?

1.00 USD = 4.25007 MYR

1.00 SGD = 3.04686 MYR

it's depend on how much u change. if juz few k, then it's negligible

Thanks sifu!

Malaysian five-year credit- default swaps (CDS) have risen to the fourth-fastest in the world year-to-date as traders bet on the country’s possible default rate.

The cost of compensating Malaysia’s creditors in the event of a default has jumped 118.18 basis points (bps) over the last 12 months, surpassed by only Brazil (+289bps), Greece (+333.59bps), and Venezuela (+2548.28 bps), according to a Bloomberg data.

Data also show Malaysia’s five-year CDS spread was traded at 209bps at 8.46pm last Friday, the fifth-highest in the world after Turkey (253.62 bps), Brazil (460bps), Greece (1,063.98bps) and Venezuela (4,512.5bps).

Brazil is grappling with a corruption scandal embroiling state-run Petrobras as well as accusations that President Dilma Rousseff doctored fiscal accounts, while Venezuela’s fundamental has been rocked after crude oil prices dropped 60% and impacted the country’s revenue.

CDS insuring Malaysia’s local currency bonds rose to its highest since the 2009 financial crisis, with the 10-year government bond yields increasing as high as 4.3% this quarter.

About RM166.1 billion of Malaysia’s foreign-owned debt is in Malaysian Government Securities and Government Investment Issues, making up around 30.4% of the government’s total debt.

Negative news have caused speculators to hedge bets on Malaysia’s default rate, said Lee Tien Xiang, an analyst at Fundsupermart.com, an international retail investment advisory.

“CDS traders are speculating on an increased probability that Malaysia will default,” said Lee. The situation is exacerbated by the drop in ringgit’s value and high fund outflows from the equity market, the analyst said.

These developments, however, are making Malaysian government debt papers more attractive to foreign investors, who are betting on a ringgit rebound. “The ringgit is undervalued,” said Gerald Ambrose, who oversees some US$3.6 billion (RM15.57 billion) in assets as CEO of Aberdeen Islamic Asset Management Bhd in Kuala Lumpur.

Aberdeen holds Malaysian Government Securities within its regional funds, Ambrose said.

“Malaysian government debts are an attractive investment for the long term and current yields might go up a bit higher,” said Ambrose, adding that short-term investors could lock in profit from the exchange rate.

The ringgit has dropped about 16% this year alone. The ringgit rose 1.06% to 4.2382 against the US dollar last Friday as Prime Minister Datuk Seri Mohd Najib Razak announced measures to combat declining oil revenues through the introduction of increased “rich taxes” on individuals with annual incomes of more than RM600,000.

http://www.themalaysianreserve.com/new/sto...h-fastest-world

our new peers.

the outstanding one in all asia.

of course.

we all have interests here, will be disastrous one way or another if it goes to 5.0, 6.0!

just that we do what we hv to do to protect ourselves and not get robbed by bandits.

and.. it is not default... that won't happen so soon but the fear of a possibility of a default. analysts, bankers, traders, insurers all have a way of measuring and assigning a probability and a value to everything these days.




usd weak today, crude gains, rm 4.22...

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?

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?

People with no vision will only boast on rm4.50, people with vision will be expecting somewhere like rm4.90-5.20

seriously

lol. 4.9 - 5.2 is more like ppl who's hoping for big windfall

crude started to resume fall, now at 43.70.

4.33... maybe not today but next couple of days...

AV,... reached 43.39 now !!

what happen to my reply? got deleted wor