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 USD/MYR drop, V2

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chengcheng
post Nov 29 2015, 09:07 PM

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QUOTE(yck1987 @ Nov 29 2015, 05:12 PM)
I waiting for your indicator  smile.gif  flex.gif
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What's the target price for SGD?

RM 3 is not too high already?

blink.gif blink.gif
SUSenticing188
post Nov 30 2015, 08:52 AM

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4.5 or 4.1? hmm..
Andrew Lim
post Nov 30 2015, 11:02 AM

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I'm fed up of reading "Feds will raise interest rate next month" headlines every month.

Yesterday you said tomorrow, so just DO IT! mad.gif
TSwil-i-am
post Nov 30 2015, 11:58 AM

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QUOTE(enticing188 @ Nov 30 2015, 08:52 AM)
4.5 or 4.1? hmm..
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Anyone guess now
Having said tat, direction seems heading to 4.40 level
TSwil-i-am
post Nov 30 2015, 12:01 PM

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QUOTE(Andrew Lim @ Nov 30 2015, 11:02 AM)
I'm fed up of reading "Feds will raise interest rate next month" headlines every month.

Yesterday you said tomorrow, so just DO IT!  mad.gif
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Procrastinate is inside Janet dictionary now brows.gif

Hansel
post Nov 30 2015, 12:18 PM

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Diversify your currency holdings. Don't convert all your MYR into the USD/SGD. That's the only way to play this game.
Hansel
post Nov 30 2015, 12:19 PM

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QUOTE(yck1987 @ Nov 29 2015, 05:12 PM)
I waiting for your indicator  smile.gif  flex.gif
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smile.gif
Hansel
post Nov 30 2015, 12:30 PM

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As we speak, the SGDMYR Interbank Rate is higher today compared to last Friday's. Is the SGDMYR climbing ?

I will be watching closely. ... At the current moment, everytime the SGDMYR allows me to purchase 1 SGD with 3 Ringgit,... I will commit myself to it. I will continue to build my warchest in Sgp. However, I will not convert ALL my MYR funds into the SGD. I will let my MYR for investments stay back in Msia in the form of property and ASX- holdings.
Hansel
post Nov 30 2015, 12:31 PM

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The RMB is targetted to be included into the IMF's Elite Currency Basket today. This good news will lift the RMB for awhile,... The MYR may follow suit. Just a prediction.
AVFAN
post Nov 30 2015, 12:32 PM

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dates to watch:

opec meeting dec 4
umno meeting dec 8-12
fed meeting dec 16


QUOTE
OPEC officials have called into question an upbeat forecast from the group's researchers last week before the gathering of oil ministers on Dec. 4, with some sceptical there will be a quick easing of the supply glut in 2016.

The research team expects higher demand for OPEC oil next year as supply from producers such as the United States declines, potentially reducing the glut, with world oil demand seen rising by 1.25 million barrels a day.

nexona88
post Nov 30 2015, 12:41 PM

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1.00 USD = 4.26330 MYR

1.00 SGD = 3.01809 MYR

1.00 GBP = 6.40743 MYR
TSwil-i-am
post Nov 30 2015, 01:46 PM

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QUOTE(AVFAN @ Nov 30 2015, 12:32 PM)
dates to watch:

opec meeting dec 4
umno meeting  dec 8-12
fed meeting dec 16
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BNM Reserves @ 30/11 7th Dec
BNM Reserves @ 15/12 22nd Dec
Hansel
post Nov 30 2015, 02:35 PM

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If Fed Mtg is beginning on Dec 16,.. we should only be concerned by Dec 19th early morning, at 2am,... when the Fed Chair gives the press conf.. No need to have any concerns on the day the mtg starts.

Fed mtg is for two days.

Edited : sorry,.. we should be alert on the morning of Dec 18th.,... not Dec 19th.,...

This post has been edited by Hansel: Nov 30 2015, 02:37 PM
AVFAN
post Nov 30 2015, 02:53 PM

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QUOTE(wil-i-am @ Nov 30 2015, 01:46 PM)
BNM Reserves @ 30/11 7th Dec
BNM Reserves @ 15/12 22nd Dec
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meanwhile watch oil price...

crude 41.70, brent 44.70 and falling.

if opec meeting announces they will do nothing which is likely since the idea was to kill shale, it will go below last low of 38.

QUOTE(Hansel @ Nov 30 2015, 02:35 PM)
If Fed Mtg is beginning on Dec 16,.. we should only be concerned by Dec 19th early morning, at 2am,... when the Fed Chair gives the press conf.. No need to have any concerns on the day the mtg starts.

Fed mtg is for two days.

Edited : sorry,.. we should be alert on the morning of Dec 18th.,... not Dec 19th.,...
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you mean here, morning dec 17th, thu.

yellen usually speaks right after the 2 day meeting (dec 15-16) ends.

This post has been edited by AVFAN: Nov 30 2015, 02:55 PM
Hansel
post Nov 30 2015, 03:03 PM

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QUOTE(AVFAN @ Nov 30 2015, 02:53 PM)
meanwhile watch oil price...

crude 41.70, brent 44.70 and falling.

if opec meeting announces they will do nothing which is likely since the idea was to kill shale, it will go below last low of 38.
you mean here, morning dec 17th, thu.

yellen usually speaks right after the 2 day meeting (dec 15-16) ends.
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If the two-day mtg is from Dec 15th - 16th.,, then yes, we have to be awake at 2am on Dec 17th. early morning. Are you certain it's Dec 15th till Dec 16th.,... ?
AVFAN
post Nov 30 2015, 03:07 PM

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QUOTE(Hansel @ Nov 30 2015, 03:03 PM)
If the two-day mtg is from Dec 15th - 16th.,, then yes, we have to be awake at 2am on Dec 17th. early morning. Are you certain it's Dec 15th till Dec 16th.,... ?
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been known a long time. smile.gif
Hansel
post Nov 30 2015, 03:12 PM

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QUOTE(AVFAN @ Nov 30 2015, 03:07 PM)
been known a long time. smile.gif
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I heard that it was Dec 16 to 17,.. then Dec 17 to 18,.. didn't really pay too much attention to the exact dates. No necessity-lar to be that exact, in my opinion,... when the time approaches, we will hear abt it everywhere.... Just like now, I am hearing about it from you,... biggrin.gif

Reserve the brain-cells for the analytical part of things....
AVFAN
post Nov 30 2015, 03:23 PM

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QUOTE(Hansel @ Nov 30 2015, 03:12 PM)
I heard that it was Dec 16 to 17,.. then Dec 17 to 18,.. didn't really pay too much attention to the exact dates. No necessity-lar to be that exact, in my opinion,... when the time approaches, we will hear abt it everywhere.... Just like now, I am hearing about it from you,...  biggrin.gif

Reserve the brain-cells for the analytical part of things....
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can't go wrong with this:
http://www.federalreserve.gov/monetarypoli...mccalendars.htm

cnbc also been reporting dec 15-16.

just don't scramble to buy/sell fx on dec 18! tongue.gif

This post has been edited by AVFAN: Nov 30 2015, 03:24 PM
AVFAN
post Nov 30 2015, 03:24 PM

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aud in for a fresh bashing?

http://www.bloomberg.com/news/articles/201...holdings-expand


prophetjul
post Nov 30 2015, 04:33 PM

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QUOTE(cherroy @ Nov 27 2015, 02:07 PM)
I was talking about the hike further down the road, aka "second hike".

I guess they will hike 0.25% in the coming meeting, but pause from there.
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They probably won't know whther it will be a hike or an ease further down. biggrin.gif

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