USD/MYR drop, V2
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 Oct 29 2015, 06:42 PM
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Senior Member
4,258 posts Joined: Nov 2012 
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If yellen is a man, then I would describe her as "Bo LP"
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Oct 29 2015, 07:07 PM
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Senior Member
10,001 posts Joined: May 2013
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28 Oct 2015 11:00 UTC - 29 Oct 2015 11:03 UTC
USD/MYR close:4.31750 low:4.24716 high:4.32133 Gonna hit my TP of 4.33 soon |
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Oct 29 2015, 07:20 PM
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All Stars
24,454 posts Joined: Nov 2010
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QUOTE(wil-i-am @ Oct 29 2015, 07:07 PM) 28 Oct 2015 11:00 UTC - 29 Oct 2015 11:03 UTC watch crude.USD/MYR close:4.31750 low:4.24716 high:4.32133 Gonna hit my TP of 4.33 soon  45.80 last night -> 45.20 now. if it goes <45 and that is likely given that it gained 6% last nite, usd/rm >4.35 tmrw, i bet. |
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Oct 29 2015, 08:52 PM
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All Stars
12,505 posts Joined: May 2007 From: Triumph in the Skies Status:In LoV3 Again
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QUOTE(AVFAN @ Oct 29 2015, 07:20 PM) watch crude. It shows 4.34 now. 45.80 last night -> 45.20 now. if it goes <45 and that is likely given that it gained 6% last nite, usd/rm >4.35 tmrw, i bet. |
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Oct 29 2015, 09:08 PM
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All Stars
24,454 posts Joined: Nov 2010
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now, what does this mean...?
QUOTE Malaysia central bank accepts dollar deposits as ringgit sinks - See more at: http://www.themalaysianinsider.com/malaysi...h.a5ZToXXU.dpuf |
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Oct 29 2015, 09:22 PM
Show posts by this member only | IPv6 | Post
#1846
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Senior Member
10,001 posts Joined: May 2013
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QUOTE(AVFAN @ Oct 29 2015, 09:08 PM) now, what does this mean...? No wonder the foreign reserves is pretty stable |
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Oct 29 2015, 09:56 PM
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All Stars
48,446 posts Joined: Sep 2014 From: REality
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QUOTE(AVFAN @ Oct 29 2015, 09:08 PM) now, what does this mean...? so it's good news right?  |
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Oct 30 2015, 12:40 PM
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All Stars
48,446 posts Joined: Sep 2014 From: REality
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Fitch deficit warning compounds ringgit woes as Fed hike nears
QUOTE Fitch Ratings’ warning that Malaysia may miss its fiscal deficit reduction target added to concern higher US interest rates will spur more capital outflows. Malaysia’s 2016 budget shortfall could exceed Prime Minister Najib Razak’s estimate of 3.1% of gross domestic product due to falling commodities, Fitch said in a statement Tuesday as the government seeks to lower the gap to 3.2% this year. The currency is Asia’s worst performer in 2015 as slumping Brent crude cuts revenue for the oil exporter. While the ringgit is poised for its first monthly gain since April, ABN Amro Bank NV and Australia & New Zealand Banking Group Ltd say the rally will be short-lived. “Najib’s budget wasn’t enough to really boost investor confidence, especially in light of recent comments from Fitch,” said Sue Trinh, head of Asia foreign-exchange strategy at Royal Bank of Canada in Hong Kong. “Malaysia certainly stands to be one of the most vulnerable within Asia in the event the Federal Reserve does hike rates.” http://www.theedgemarkets.com/my/article/f...?type=Corporate |
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Oct 30 2015, 01:33 PM
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All Stars
24,454 posts Joined: Nov 2010
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crude did not go <45, but is 45.80.
crude 45-46, rm 4.25-4.35. now 4.302. “Malaysia certainly stands to be one of the most vulnerable within Asia in the event the Federal Reserve does hike rates.” probably MOST vulnerable. tired or not, we have to continue watching auntie yellen.  This post has been edited by AVFAN: Oct 30 2015, 01:34 PM |
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Oct 30 2015, 01:42 PM
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Senior Member
4,258 posts Joined: Nov 2012
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This Auntie Yellen too undecided. With only 0.25% or even lower, I bet people are over reacting. People will adjust to the slow rising effect back up to those normal 4-5% rates. Not like they never experience normal interest rate regime before...
Just like bungee jumping, before the plunge, like so big deal. After jumping for a few times, its nothing Aunty Yellen is now standing at the bungee platform for the first time |
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Oct 30 2015, 03:51 PM
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All Stars
48,446 posts Joined: Sep 2014 From: REality
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Aunty Yellen action really making people headache. better decide to hike or not.
ini tak. playing around & make some countries suffer  |
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Oct 30 2015, 03:57 PM
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All Stars
24,454 posts Joined: Nov 2010
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QUOTE(nexona88 @ Oct 30 2015, 03:51 PM) Aunty Yellen action really making people headache. better decide to hike or not. auntie says you people give me too much face la...ini tak. playing around & make some countries suffer just dun listen, dun read, dun care what i say, ok or not?  |
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Oct 30 2015, 04:03 PM
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All Stars
48,446 posts Joined: Sep 2014 From: REality
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QUOTE(AVFAN @ Oct 30 2015, 03:57 PM) auntie says you people give me too much face la... mana boleh tidak apa attitude on auntie decision just dun listen, dun read, dun care what i say, ok or not? |
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Oct 30 2015, 08:09 PM
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Senior Member
10,001 posts Joined: May 2013
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RM4.30 is still a dream
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Oct 30 2015, 08:16 PM
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All Stars
48,446 posts Joined: Sep 2014 From: REality
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1.00 USD = 4.28565 MYR
1.00 SGD = 3.05944 MYR 1.00 GBP = 6.57634 MYR |
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Oct 31 2015, 08:38 AM
Show posts by this member only | IPv6 | Post
#1856
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Senior Member
10,001 posts Joined: May 2013
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1MDB's Edra sale done?
http://www.thestar.com.my/Business/Busines...done/?style=biz If the deal is 'seal with a kiss', MYR could head south @ 4.10 |
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Nov 1 2015, 11:30 PM
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All Stars
48,446 posts Joined: Sep 2014 From: REality
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What is the direction of USD/MYR next week?
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Nov 2 2015, 02:06 PM
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All Stars
24,454 posts Joined: Nov 2010
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QUOTE(nexona88 @ Nov 1 2015, 11:30 PM) What is the direction of USD/MYR next week? 4.25-4.35. china data still weak, fed thingy again soon, crude price 45-47, bijan chronicles yet to climax. exports, reserves, tourists do not matter much at this time. rm is not going anywhere - buy/sell usd/rm anytime you wish! This post has been edited by AVFAN: Nov 2 2015, 02:09 PM |
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Nov 2 2015, 04:03 PM
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All Stars
48,446 posts Joined: Sep 2014 From: REality
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QUOTE(AVFAN @ Nov 2 2015, 02:06 PM) 4.25-4.35. so sad. was thinking can go 4.20 or even 4.10 china data still weak, fed thingy again soon, crude price 45-47, bijan chronicles yet to climax. exports, reserves, tourists do not matter much at this time. rm is not going anywhere - buy/sell usd/rm anytime you wish!  btw now 4.29  |
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Nov 2 2015, 04:23 PM
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Senior Member
2,543 posts Joined: Jan 2003
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QUOTE(nexona88 @ Nov 2 2015, 04:03 PM) so sad. was thinking can go 4.20 or even 4.10 Me too...sad! Was thinking can go 4.40 or even 4.50 btw now 4.29  |
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