I can't really comment with solid reasons why the charts could be turning round,... the only thing I can say is from what I perceived from the charts. Just my eyes,..from viewing multiple types of diagrams in my investing life, and in my extrapolations with statistical theories.

My best guess : oil price could be weakening again, or staying still from now. Reason : the talks are not credulous enough to justify a turnaround in the price of oil.

The MYR looks to be weak, and finds it hard to strengthen further from here.

Interbank Rate now = 1 SGD = MYR 2.9194. Standing-by to convert,....

think it's exhausted... ya, that fast.

Okay,... confirmed rate at 2.9400. Rested mind if further drops should occur in the short term.

For your reading pleasure :-

Singapore seizes bank accounts as part of 1MDB probe

February 1, 2016:

Singapore said on Monday it has seized a large number of bank accounts in connection with possible money-laundering offences related to investigations into alleged financial mismanagement at Malaysian state investor 1Malaysia Development Berhad (1MDB).

Singapore is cooperating with authorities in Malaysia, Switzerland and the United States on the investigations into 1MDB, the Monetary Authority of Singapore and the Commercial Affairs Department, the city-state’s white collar police, said in a statement.

“In connection with these investigations, we have sought and are continuing to seek information from several financial institutions, are interviewing various individuals, and have seized a large number of bank accounts,” the two agencies said in the statement.

The statement came after Switzerland’s chief prosecutor said last week a criminal investigation into 1MDB had revealed that about $4 billion appeared to have been misappropriated from Malaysian state companies.

1MDB, whose advisory board is chaired by Malaysian Prime Minister Najib Razak, has been investigated by Malaysian authorities following accusations of financial mismanagement and graft. 1MDB has denied these allegations.

Malaysian Attorney-General Mohamed Apandi Ali last week cleared Najib of any criminal offences or corruption in connection with the case and said he was closing the investigations into it.

Najib was buffeted last year by allegations of graft and mismanagement at the debt-laden state fund and by a revelation that about $681 million was deposited into his personal bank account.

Najib denied any wrongdoing.

Apandi said the $681 million transfer to Najib’s account was a gift from Saudi Arabia’s royal family, and said no further action needed to be taken on the matter.

did you convert your sgd already? exchange rate slowly moving up ...

Yes, confirmed over phone already. All done,... the actual changing hands-of-funds can be later on,...

good for you.

1mdb saga continues into eternity, dragging everyone and everything in the mud.

crude price <31, again.

rm/usd 4.20, again.

reasons for rm to decline >>> reasons to rise.

so, keep yr usd, sgd!

Yes,... it has been a great experience, as we observe closer and closer, as the events unfold,... as long as we know where to watch, what media is accurate in delivering the news and updates,... I can really see the effects on the exchange rates.



Edited : It's good to journal down the events in this thread for the good of the netizens.

This post has been edited by Hansel: Feb 2 2016, 12:06 PM

Wow,... look at the climb on the SGDMYR chart,.......

Learning lesson here : the moment a small 'negative' news hits,... the MYR will just plunge over the cliff,............

ya la.. so so fast... Procrastinate... no more the 2.90....

2016, year of the fire monkey - only fast hands fast legs can win.

tmrw will likely see it going down further... crude falling fast, again.

meanwhile us bond prices going higher, yields going lower.

good reits should emulate bonds, yes?!


this is meant to scare, i suppose:



This post has been edited by AVFAN: Feb 2 2016, 06:28 PM

FTSE, DAX and CAC are all red now. DOW Fut, S&P Fut and Nasdaq Fut are red now. More plunges coming,...

Yes, good REITs should emulate bonds,... ...providing stable payouts.

And as we speak, the curve on the SGDMYR chart keeps climbing with higher lows and higher highs. The window to convert is slowly closing, after the Budget REvision and that blip in oil price.

Now must wait for the next catalyst to open the window again.

After this, back to the plunging STI again,...

By the way,... just a tip here, for forummers who are keen to open trading accounts with lower charges, they should consider The Standard Chartered, Singapore. For each transaction, the charge is only 0.20% flat on the transaction amount.

There will be a tiny fee called the SGX Clearing Fee, 0.0325% added onto the transaction amount too.

This account is good for beginners.

This post has been edited by Hansel: Feb 2 2016, 07:14 PM

Bro, just to ask about your "tip". Is the following chart outdated ? Other broker are cheaper at 0.18%

http://i.imgur.com/HmpbAQz.png

Other broker has minimum charge, standard chartered does not. So it depends on how much you want to buy.

I'm part of SCB army

If you follow bro hensel, he is a big short. He should not be bothered with "minimum charge". Minimum charge applies to only <S$10k transaction

Its nominee ac....

I did not open that, coz worried on Estate Planning. What u think?