What time is the meeting in Doha today, Qatari Time ? Anybody knows please ?

These things happen,...so when the foreign currency drops against the MYR later on down the road, hold-on to the amount that was converted earlier and invest it, then convert again with fresh MYR. THis is the way to hedge the exchange rate.

I have this :-

http://www.investing.com/news/commodities-...-sources-395954

In the article : The freeze would last until Oct. 1 this year, and producers would meet again in October in Russia to review their progress in engineering "a progressive recovery of the oil market", the draft reads.

So,... something like the Feds raising rates,...meet and talk first in stages,...and act in steps.

And then : Although a freeze would be a significant step for oil producers, it would have only a limited impact on global supply and the market is unlikely to rebalance before 2017, the International Energy Agency said on Thursday.

The IEA said there will not be mush effect, until next year.

Good, good, then I will have time to buy more,...

And finally : Publicly, Saudi Arabia has taken a tough stance on Iran. Deputy Crown Prince Mohammed bin Salman told Bloomberg in recent days that the kingdom would only restrain its output if all other major producers, including Iran, agreed to freeze their production. It was not clear if Saudi Arabia would stick to this position at the talks.

A bit of uncertainty is added to the flavour here, just to limit the onslaught of the longists, and to give some breathing space to the shortists to cover.

It is mentioned in an earlier part of this article that Saudi has agreed to freeze too,... but don't blame me if another report comes out later today that the Salman fella has changed his mind,.... biggrin.gif

So,... it looks like the MYR has more legs to go tomorrow,...

For those who intend to buy the USD and the SGD, better to hold-on for another few days. The it's time to go for it, before a bad news comes out to offset this 'good' news.

Well,...that Crown Prince said before the meeting that he will not freeze if Iran does not freeze.

Since Iran did not go for the meeting, and the Crown Prince did, at the same time, reading the article about the draft agreement having been agreed on by all parties that attended the meeting, including Prince Salman of Saudi, I would say Saudi is agreeable for now, at least up till the next meeting in October.

The IEA, another body, said the freeze will have little impact - which I would agree because of the huge surplus now floating in the seas. This surplus would need to be consumed before a rebalance takes place, after which consumers will need to purchase crude at the 'agreed prices'.

The surplus need to be taken out of the equation, and due to the huge amount out there, it may well take up to a year to be finished, also because of the slow consumption rate now, due to a world economic slowdown.

UNless, of course, the prince suddenly changes his mind and says no before he leaves the meeting room tonight,...

And so it happened,.......

DOHA | BY RANIA EL GAMAL AND REEM SHAMSEDDINE

A meeting between OPEC and non-OPEC oil producers on an agreement to freeze output ran into last-minute trouble in Qatar on Sunday due to a new request by OPEC' s de facto leader Saudi Arabia, sources told Reuters.

Oil ministers were heading into a meeting with the Qatari emir, Sheikh Tamim bin Hamad al-Thani - who was instrumental in promoting output stability in recent months - in an attempt to rescue the deal designed to bolster the flagging price of crude.

" There is an issue. Experts are discussing how to find an acceptable solution. I' m confident they will come up with a solution," one of the sources said.

According to another source, Saudi Arabia said it wanted all OPEC members to participate in the talks, despite insisting earlier on excluding Iran because Tehran does not want to freeze production.

Yeah ???

Brent crude settled at $43.10 a barrel Friday in London, having risen by more than 50 percent from a 12-year low in January. The failure could drag prices back down to $30 a barrel, Saxo Bank A/S estimated in a report on April 11.
"They are going to get a fairly big sell-off tomorrow," said Amrita Sen, chief oil analyst at Energy Aspects Ltd., a London-based consultant. Production losses in Kuwait due to an oil strike could limit drop, she said.

Hmm, lots of speculations about currency movement,...

Bro Showtime,... the RBNZ held its rate this morning. Last I heard, they were thinking of reducing too. But they stayed put.

Yes, you are tight, judging from the indicators : http://www.asx.com.au/prices/targetratetracker.htm

I hoped you are wrong through,... I hold quite an amount of Carry Trade with the AUD. I hoped the BOJ incaresed stimulus this afternoon though,...

Okay-lar,... if the AUD can tank a lot vs the MYR, just imagine how much of AUD I can buy with my SGD, even with the MAS adjusting down the SGD last week. Still okay with me ......

Well, thus far, Mr Glenn Stevens has been quite consistent with what he announced. He is not that Swiss who just changed his position within two days,... remember last year ??? Hit me a bit bad too,... sold off quite some Swiss Francs thinking that the CHFs will retreat in tandem with the Euro that is sure to weaken.

But instead, the CHF got decoupled from the Euro and it appreciated instead.... That Swiss said very clearly he will not de-peg the CHF from the Euro two days earlier,....

Guys,... you can't just sit and watch the rate everyday,... you will be bored to death, and you will face mental saturation in investments.

You gotta leave this totally at times,....

No,.. you have to take a position, and then leave the observation for a few days, then come back to see if your targets have been met. If they have, then you buy or sell according to your trading plan. If not, then you put away the observations again, and only look again after a few days.

You have to do other things to keep your mind off this. You should not be totally engrossed in it day and night.

If Toyota really starts building the plant, and follows through with all her commitments, then we are seeing an FDI here. Yes, perhaps some support for the MYR out of this development.

Hmm,... lots of predictors here,....

Zero increase. Even July incarese is getting lower. Of course, the July increase percentage can change.

But odds for JUne incaresr is zero.

Some summaries caught this monring,....

•China GDP is on track. Economic re-balancing is working. Price chart is stable
•Market direction depends very much on US data
•Trump win is bad for stocks and USD. Clinton win is good for stocks and USD.
•NZD and AUD are currently the stronger currencies.
•EUR expected to be weak regardless of Brexit result
•If Brexit, sell GBP for short term. Do not think that its the end of the world. Take profit fast because ◦News that it may take 2 years to leave EU.
◦EU likely respond by implementing monetary easing

•If no Brexit, buy GBP for the longer term
•Japan expected to intervene soon in monetary easing or stimulus in July or earlier. Yen is reaching its base soon.
•Gold is expected to do well in current market situation