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 USD/MYR drop, V2

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chengcheng
post Oct 5 2015, 02:02 PM

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Why SGD drop so much?

Is it time to sell or buy more?


chengcheng
post Oct 14 2015, 11:02 PM

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QUOTE(Showtime747 @ Oct 14 2015, 06:38 PM)
Ya, SGD, USD, GBP, EUR, JPY is the less riskier ones, although still a gamble.

I still see 2 long long Q at LG mid valley money changer be it RM stronger or weaker. The money changer must be having at least RM10m turnover a day. People still switching to forex. They are taking position and feel better with "diversification", although I doubt their amount is big. But still a move is better than none  tongue.gif
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Is it too late to take positions?


chengcheng
post Oct 19 2015, 09:57 PM

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What happen to SGD?

It's increasing like mad....



chengcheng
post Oct 19 2015, 10:32 PM

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QUOTE(KTCY @ Oct 19 2015, 10:17 PM)
was decreasing against USD tho tongue.gif
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So it's MYR dropping like mad... Not SGD or USD increasing?

cry.gif cry.gif
chengcheng
post Oct 23 2015, 09:04 PM

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QUOTE(nexona88 @ Oct 23 2015, 08:10 PM)
cry.gif  cry.gif
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Looks like SGD is dropping like mad. Now RM 3.02 jek.



chengcheng
post Oct 24 2015, 09:34 AM

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QUOTE(dreamer101 @ Oct 24 2015, 07:36 AM)
Hansel,

http://www.malaysiakini.com/news/316887

<< Budget allocations:

- 2016 Budget allocates a total of RM267.2 billion, an increase from a revised allocation of RM260.7 billion for 2015. The initial allocation for 2015 was RM273.9 billion.

- For 2016, federal government revenue collection is projected at RM225.7 billion, up RM3.2 billion from 2015. >>

Folks,

So, officially, before the usual 2 additional supplementary budgets for 2015, the budget deficit is

2015 Expense 260.7
2015 Revenue 222.5 (225.7 - 3.2)

2015 Deficit = 38.2 billions

So, with 6% of GST, the budget deficit will be at least 38 billions.

Dreamer
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Another thing is it's easy to plan...

Are they spending according to plan?





chengcheng
post Nov 13 2015, 07:40 AM

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Oil slumps 4 percent ...

What will happen to RM today?
chengcheng
post Nov 13 2015, 10:17 PM

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QUOTE(Showtime747 @ Nov 13 2015, 06:25 PM)
Am surprised RM is holding up well even when WTI is 41.xx now. Not bad...
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Possible malusia gomen supporting it?


chengcheng
post Nov 26 2015, 05:34 PM

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Will MYR goes up if interest rates goes up?
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

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