usd may be 4.05.

sgd is still 2.99!

17 Mar 2016 04:10 UTC - 18 Mar 2016 04:14 UTC
SGD/MYR close:2.99275 low:2.97843 high:3.00745

aud also strong:
17 Mar 2016 04:10 UTC - 18 Mar 2016 04:17 UTC
AUD/MYR close:3.09834 low:3.07441 high:3.11996


usd is weakening since fed has gone dovish.

all currencies now gaining on usd.

the usd-crude relationship is major and complex.

while there is still oversupply and huge oil stocks sitting idle, there is also optimism that usa production will fall fast and opec get its act together.

but opec is only pushing for freeze, not cut. and w/o iran.

but... as usual, the big funds shorting and longing will determine the market price.

now, add fed's dovish stand 2 nights ago, it's only normal the funds are pushing crude higher, much higher.

this bull may keep going until apr 17 when opec meets.

if opec comes out with nothing, we'll see crude fall like a stone, again.



rm... has nothing going really... only tagging on to what's happening to crude and usd at this time.

short usd, i will not. long sgd, i will!

r u betting on this?

ya, i noticed.

sgd has gained 3% vs usd in the last 2 months.

and sgx stocks been rising too.

good for u!

last 5 years, possible.

i dunno about klci vs sti.

but last 2 years, my sg reits gave 24% roi, i.e. 12% p.a. incl ex rate gain.

my reits... i doubt anywhere close.

This post has been edited by AVFAN: Mar 30 2016, 06:46 PM

right, individual reits vary a lot.

i was referring to the basket i have.

some not so good, some excellent.

sgx etf's for reits... not that i know of.

in general, etf's are unpopular in bursa or sgx.

but many biggies in nyse.

This post has been edited by AVFAN: Mar 30 2016, 07:20 PM

money from outside coming in, big time.

for sarawak elections, i would think.

30 Mar 2016 08:50 UTC - 31 Mar 2016 08:56 UTC
USD/MYR close:3.89649 low:3.89303 high:3.9444

rm up or down, 3.80 or 4.30 or 5.0...

what does it mean to you?

current rate, will imported goods fall in price?

will anything fall in price?

current rate, will you buy fx and do something with it?

but for sure, parents need fx for kids studying abroad... now, that's a breather.

if the kid is in usa, 4.4->3.9 = 12%.

let's say total spend is usd150K.

diff is rm75k, a lot of money!

hmm... 4.45 is painful.

anyway, i am sure u r following the dollar index.


$ falls, rm rise, crude rise (or is it?), gold rise, stocks?... etc...

one needs to be hedged one way or another to mitigate as much risk as possible.



like i always said, it is not good to keep fx under the mattress.

if fx is put to good use, it can come out good enough.

well, for a child's education, there is no value u can put to it!

This post has been edited by AVFAN: Mar 31 2016, 07:24 PM

goldman just poured ice water...


Goldman Says Sell Asian Currencies After Best Rally Since 2008
http://www.bloomberg.com/news/articles/201...ally-since-2008

the thing to watch now is the fallout of pac's 1mdb report.

if it alludes to eventual bailout/issue new debt to cover rm10, 30 or 50b, the rm will be affected.

at 3.93 now, that might just determine whether it will go to 3.80 or 4.10.

the game continues...

opec meeting 17 apr.

besides china funds buying mgs and saudi donations, this opec meeting outcome will drive the direction of the rm.

http://www.cnbc.com/2016/04/15/this-is-whe...-and-dirty.html
http://www.cnbc.com/2016/04/14/best-oil-de...underwhelm.html

Oil-Freeze Talks End in Failure Amid Saudi Demands Over Iran
http://www.bloomberg.com/news/articles/201...mands-over-iran

the last i read, imdb already in process to issue new islamic bonds to pay what is due.

i actually believe that - new debt to pay old debt, no default.

that's where minfin/putraj/bijan/1mdb excels - create wealth (for themselves) oout of debt (for others to pay), brilliant.

watch mgs int rates.
http://www.bnm.gov.my/index.php?tpl=govtsecuritiesyield

usd is supposedly weak!

euro and yen rallying against usd big time this week.

oil price retreating but still >44, not below.

rm lost ground to all major currencies... esp euro and yen.

ok with aud becos rba just cut interest rates. so, good for aud buyers!



near future... swak elections, 1mdb default, oil price... bnm rates?

all things point to rm depr for now, despite relatively weak usd.

.. oil price dropping again.
.. mgs yield slowly creeping up to 3.90%.
.. the world expect more 1mdb default(s), gomen (i.e. u, taxpayers) to bear.
.. JP Morgan downgrades Malaysia to 'underweight'.

good news for some, bad for others...

usd has been weak, said to be oversold, will likely creep back up soon.

sgd will weaken:
http://www.bloomberg.com/news/articles/201...ainst-deflation

aud will not strengthen - rate cut, etc.

rm is drifting lower for reasons we already know.

usd is probably the best choice at this time - if u have some rm to convert.

euro and yen probably good bets too.

rm depr may be limited due to rising oil prices - supply disruptions due to sabotage in nigeria and major political crisis on venezuela.