USD/MYR drop, v3
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 Feb 24 2016, 03:27 AM
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Junior Member
422 posts Joined: Apr 2007 From: Somewhere. Isolated from the rest of you pukes. 
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QUOTE(Showtime747 @ Feb 22 2016, 05:50 PM) If you attempt 10 times, it is more likely to score 1 goal than to sit down and think and wait Dude, you haven't seen the field of work I want to jump into. The amount of disposal income that these people are willing to throw away for the products made is mind boggling. |
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Feb 24 2016, 06:14 AM
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Senior Member
4,258 posts Joined: Nov 2012
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QUOTE(Parrot @ Feb 24 2016, 03:27 AM) Dude, you haven't seen the field of work I want to jump into. The amount of disposal income that these people are willing to throw away for the products made is mind boggling. Of course I haven't. You did not tell us |
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Feb 24 2016, 10:40 AM
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All Stars
24,453 posts Joined: Nov 2010
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a few hours ago, saudi minister said "no production cut".
crude price will likely stay around 30 for now. rm is sensitive to crude price in the absence of other bigger factors. need rm, selling some SGD today... should be close to 3.0. |
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Feb 24 2016, 08:11 PM
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All Stars
48,428 posts Joined: Sep 2014 From: REality
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23 Feb 2016 12:00 UTC - 24 Feb 2016 12:08 UTC
USD/MYR close:4.24516 low:4.19228 high:4.25552 |
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Feb 24 2016, 10:08 PM
Show posts by this member only | IPv6 | Post
#1045
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Senior Member
10,001 posts Joined: May 2013
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Gud time to trade USD/MYR instead of predict short term direction
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Feb 24 2016, 10:09 PM
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All Stars
12,505 posts Joined: May 2007 From: Triumph in the Skies Status:In LoV3 Again
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QUOTE(wil-i-am @ Feb 24 2016, 10:08 PM) Gud time to trade USD/MYR instead of predict short term direction short USD ?  |
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Feb 24 2016, 10:16 PM
Show posts by this member only | IPv6 | Post
#1047
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Senior Member
10,001 posts Joined: May 2013
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QUOTE(KTCY @ Feb 24 2016, 10:09 PM) short USD ? Depends... |
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Feb 25 2016, 03:28 PM
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All Stars
24,453 posts Joined: Nov 2010
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opec not cut, pressure on oil.
china exports warning, pressure on yuan. rm continues to be under pressure. QUOTE China Stocks Plunge More Than 6% as Money-Market Rates Increase February 25, 2016 — 10:01 AM MYT Updated on February 25, 2016 — 3:03 PM MYT China’s stocks tumbled the most in a month as surging money-market rates signaled tighter liquidity and the offshore yuan declined for a fifth day. http://www.bloomberg.com/news/articles/201...mpanies-retreat |
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Feb 25 2016, 04:40 PM
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Senior Member
10,001 posts Joined: May 2013
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QUOTE(AVFAN @ Feb 25 2016, 03:28 PM) opec not cut, pressure on oil. Worst performer in SEA todaychina exports warning, pressure on yuan. rm continues to be under pressure. Down 0.20% to 4.2155 now |
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Feb 25 2016, 04:54 PM
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All Stars
24,453 posts Joined: Nov 2010
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QUOTE(wil-i-am @ Feb 25 2016, 04:40 PM) Worst performer in SEA today hard for it to strengthen given persistent oil glut, weaker and weaker china and increasingly bad politics with zero focus on economy.Down 0.20% to 4.2155 now wait for 4.26. u buy 4.1, sell 4.26, that's yr 4% fd int for a year.  |
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Feb 25 2016, 04:57 PM
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Senior Member
10,001 posts Joined: May 2013
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QUOTE(AVFAN @ Feb 25 2016, 04:54 PM) hard for it to strengthen given persistent oil glut, weaker and weaker china and increasingly bad politics with zero focus on economy. U have a gud memory wait for 4.26. u buy 4.1, sell 4.26, that's yr 4% fd int for a year.  |
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Feb 25 2016, 04:59 PM
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All Stars
24,453 posts Joined: Nov 2010
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QUOTE(wil-i-am @ Feb 25 2016, 04:57 PM) U have a gud memory i bought some at 4.13, will wait for 4.30.  |
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Feb 25 2016, 05:58 PM
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All Stars
24,334 posts Joined: Feb 2011 
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QUOTE(AVFAN @ Feb 25 2016, 04:59 PM) i bought some at 4.13, will wait for 4.30. Just out of curiosity, where did you buy your USD? Is it via banks, money changer, online forex broker? |
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Feb 25 2016, 11:11 PM
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All Stars
24,453 posts Joined: Nov 2010
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QUOTE(Ramjade @ Feb 25 2016, 05:58 PM) Just out of curiosity, where did you buy your USD? Is it via banks, money changer, online forex broker? investment bank foreign stocks account.can buy/sell, or keep there, not necessarily must use to buy foreign stocks. think all local investment banks with foreign stocks trading have it, conditions and spreads may differ. This post has been edited by AVFAN: Feb 26 2016, 01:12 AM |
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Feb 26 2016, 12:37 PM
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Senior Member
10,001 posts Joined: May 2013
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Continue to depreciate today
Down 0.08% to 4.2213 now |
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Feb 29 2016, 12:48 PM
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All Stars
12,505 posts Joined: May 2007 From: Triumph in the Skies Status:In LoV3 Again
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Expecting to hit 4.3 this week ?
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Feb 29 2016, 04:36 PM
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Senior Member
10,001 posts Joined: May 2013
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QUOTE(KTCY @ Feb 29 2016, 12:48 PM) Expecting to hit 4.3 this week ? Wat u gonna do when it hit 4.30? |
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Feb 29 2016, 09:43 PM
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All Stars
12,505 posts Joined: May 2007 From: Triumph in the Skies Status:In LoV3 Again
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QUOTE(wil-i-am @ Feb 29 2016, 04:36 PM) Wat u gonna do when it hit 4.30? convert some dollar to MYR , spend |
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Feb 29 2016, 10:09 PM
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All Stars
48,428 posts Joined: Sep 2014 From: REality
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QUOTE(KTCY @ Feb 29 2016, 09:43 PM) convert some dollar to MYR , spend good idea  u can help local economy too   |
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Mar 1 2016, 05:37 PM
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Senior Member
1,588 posts Joined: Oct 2010
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There was this news yesterday about the drop in foreign investments in 2015:
http://asia.nikkei.com/Politics-Economy/Ec...foreign-inflows And today the RM is strengthening vs the USD ?  |
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