Past week oil price come down from ~48 to ~43, but RM still around the same

3 weeks ago oil ~50, RM was up back to 4.0xxx

rm correlation to oil always delay, unlike cad correlation always real time match. maybe next week can see usd myr down to 4.0

This post has been edited by WhoCaresMyName: Oct 28 2015, 11:48 PM

midnight 2am

Crude Oil Inventories

Repost

1.00 USD = 4.29856 MYR

usd strengthened after fed maintain rate, need wait until dec 17 again. but usdmyr maintain at good rate.

Fed has a fetish on a rate hike. However, its all crystal ball gazing.........if they are so shite sure, they would have tightened already.

There is a bit "over-hype" the rate raised issue.

It sounds like end of world...

CNBC likes to hype up events. Stories sells......hyping them up sells better.

Of course they will hike......2016,2017,2018?

Yanks!

‘Ringgit could stabilise within 4.20-4.30 range by year end’
http://www.theedgemarkets.com/my/article/%...ar-end%E2%80%99

yesterday, crude went down but rm fell modestly only, not tracking it as closely as it does at times.

today, rm falls when crude went up (due to reports of significant usa distillates draw despite crude stock buildup).

becos there was a major event - fed statement - no hike, few clues but interpretation was "jan 2016".

it was evident that within minutes, usd index spiked against euro and others.

my observation is the usd/rm-crude correlation has been tight, to the minute, if there are no other major events moving the usd.

fed, china, ecb - when these major factors come in, crude becomes a secondary driver.

now that fed is done with "no hike" until dec at least, rm should track crude closely again.

now 4.296, crude 45.80. let's see what happens in the coming days!

This post has been edited by AVFAN: Oct 29 2015, 10:46 AM

28 Oct 2015 03:40 UTC - 29 Oct 2015 03:43 UTC
USD/MYR close:4.28569 low:4.24716 high:4.32133

Still stubborn to cross 4.30

As of this moment, and from what I was told by my RM since this morning, the world press is now detecting that : The feds are hinting of a December hike.

What I watched and detected early this morning at 2+am was : January 2016. The reading of the hint has since evolved to December now.

Getting a bit tired of this,....

This post has been edited by Hansel: Oct 29 2015, 02:27 PM

the topic of concern should be

USD/MYR go up

and not USD/MYR drop

A hike won't be coming soon. End of.

Patience- Yellen

Bank Negara Malaysia started to take interbank dollar deposits for the first time in September, according to people familiar with the matter.

The central bank is accepting deposits in small amounts, according to one of the people, who asked not to be identified because of company policy. The move will help build up the country’s foreign-exchange reserves, two of the people said.

Tq, prophetjul.... I have not much to comment anymore except for some observations.... I have been infected with investor lethargy.

yes, more reports now quoting "dec".

tired? the whole world is!

should get there tmrw.

dow-crude looks like set to give up some gains tonite.

rm should weaken tmrw.

28 Oct 2015 10:30 UTC - 29 Oct 2015 10:36 UTC
USD/MYR close:4.31527 low:4.24716 high:4.32133