the fact that RM can bounce from 4.4 to 4.1 in such a short time tells u that anything below 4.1 territory is in panic oversold territory.

I think the fair price for RM vs USD is somewhere around 4.1-4.2. Anything more than 4.2 u are at risk oversold territory because a slightly good economy Malaysia news can easily bounce the RM back to 4.1.

Am I the only one here think, GST should not have exemption list, but to have a lower % GST?

It is easier this way than trying to figure out which one is GST which one is not.

honestly.... such system is actually flawed.

The items that are in the GST exemption is already "GST included". So it is no different now.

Exemption are there to make to confuse people or to make "poor people" happy to buy votes?

there are too many factors affecting USS/MYR, so it is hard to tell.

but if u see how crazy RM bounce from 4.4 to 4.1 weeks ago just for a very small "good news", there is a good chance that RM priced-in as well as in oversold territory.

It is going to takes a whole lot of bad news so bad enough to move RM below current levels.

3.3 to 3.8 takes a few months time & it is the beginning of bear trend which is usually fall fast.

3.8 to 4.3 drop within a month is actually the result of Bank negara trying to use reserve to hold 3.8 for months. (the market already price in it isnt worth 3.8). When BNM decide to let it go, u know what happen next.

Everyone already know RM is bad, they are generally priced in. What is missing is a serious bad news to surprise everyone to push it further below 4.4, if that is not coming I do not see a big swing move to RM, may be a slow grind downwards, but a move like 3.8-4.3 without reason? unlikely.

This post has been edited by billytong: Oct 24 2015, 07:15 PM

It is usually the surprise bad news that is going to make RM slide be it politician or anything economic related

Frankly speaking, it is just as risky to short RM right now vs long RM.

As always..... it is the politician & gov policy that makes economy unpredictable.