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 USD/MYR drop, v3

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TSwil-i-am
post Dec 5 2015, 07:59 PM

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QUOTE(AVFAN @ Dec 5 2015, 07:52 PM)
where u get the indications?

u mean private sector?

since public sector already said x% up, bonus, etc...?

if private sector, that's very bad.

purchasing power already destroyed by weak rm and high inflation.

lagi no gaji naik? shakehead.gif
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M refer to private sector employees
In addition, a lot of Co didn't declare Bonus too tis yr
TSwil-i-am
post Dec 6 2015, 08:23 AM

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US WTI Crude Oil officially traded < USD40 mark
Last traded at 39.97, down 1.11 or 2.70%

In addition, Brent Crude Oil down 0.84 or 1.92% to USD43
Our Govt have assume USD48 in the 2016 Budget which was tabled on 23rd Oct 2015
Will the Govt revised the 2016 Budget in the near future to reflect the reality of the market?
TSwil-i-am
post Dec 7 2015, 08:24 AM

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QUOTE(Ramjade @ Dec 7 2015, 08:03 AM)
Today, rm will most likely drop like a stone. Hence "interesting"
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Your confidence level seems very high brows.gif
TSwil-i-am
post Dec 7 2015, 02:24 PM

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6 Dec 2015 06:20 UTC - 7 Dec 2015 06:21 UTC
USD/MYR close:4.20097 low:4.18944 high:4.21250

Managed to hang on at 4.20 level despite bad news
TSwil-i-am
post Dec 7 2015, 08:01 PM

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QUOTE(AVFAN @ Dec 7 2015, 07:56 PM)
no hope for those hoping 4.0 or 4.5.

just accept 4.2-4.3.

that's not what i am saying, just what the world financial markets are saying. tongue.gif
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Tis is the range Ppl r willing to trade regardless whether the underlying currency is under/over value
TSwil-i-am
post Dec 8 2015, 06:39 AM

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QUOTE(KTCY @ Dec 8 2015, 12:38 AM)
US market buka and shot up laugh.gif
let's see what's the closing today
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Sad to note it down 0.66%
TSwil-i-am
post Dec 8 2015, 06:47 AM

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QUOTE(AVFAN @ Dec 8 2015, 02:20 AM)
crude crashed 6%, now at 37.60.

rm may be >4.3 tmrw.
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Both WTI Crude n Brent Oil tank 5% + to 37.63 n 40.70
MYR was last traded at 4.2774
TSwil-i-am
post Dec 8 2015, 10:16 AM

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MYR depreciated from 4.2150 to 4.2595 now
TSwil-i-am
post Dec 8 2015, 11:12 AM

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QUOTE(KTCY @ Dec 8 2015, 11:01 AM)
I mean USD up.
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USD went up from 4.21 to 4.27 now
TSwil-i-am
post Dec 8 2015, 11:41 AM

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QUOTE(AVFAN @ Dec 8 2015, 11:26 AM)
4.27 is not bad.

holding better than colombia but not as well as brazil or mexico or aud.

chance of crude falling further to 35 before stabilizing.
there will be another round of commodity currencies hammering if fed hike rates on dec 16.
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Fall short of your expectation @ 4.30
TSwil-i-am
post Dec 8 2015, 10:44 PM

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QUOTE(Lucas0323 @ Dec 8 2015, 08:47 PM)
Watch out on 17/12/2015...
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It will b a non event n bau
TSwil-i-am
post Dec 8 2015, 10:49 PM

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QUOTE(AVFAN @ Dec 8 2015, 09:28 PM)
never say never...

7 Dec 2015 13:20 UTC - 8 Dec 2015 13:25 UTC
USD/MYR close:4.30300 low:4.23183 high:4.30379

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U must b very Happy icon_idea.gif
TSwil-i-am
post Dec 8 2015, 10:59 PM

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QUOTE(AVFAN @ Dec 8 2015, 10:57 PM)
no. biggrin.gif

happiness would be to see extremes like 4.0 or 4.50 but that's not happening, no luck. laugh.gif
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U prefer north or south?
TSwil-i-am
post Dec 8 2015, 11:25 PM

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QUOTE(AVFAN @ Dec 8 2015, 11:11 PM)
either way is ok... rm weaker i gain something.

rm stronger, i buy fx.

becos next few years, rm is not going anywhere pretty.

there has been nothing substantial being invested now that will bring big $ benefits in the years to come.

talents leaving, fdi no confidence, non-functioning gomen.

selling prime land, other assets and more debt won't help the rm.

oil/gas prices will stay low for 2-3 years, imo.
4.2-4.3 like now, i do nothing, even.
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If steady within 4.20 to 4.30, tis will b very Boring
TSwil-i-am
post Dec 10 2015, 11:38 AM

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QUOTE(david888 @ Dec 10 2015, 11:34 AM)
Just curious, why 17/12/2015?
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D day for Janet to raise int rate
TSwil-i-am
post Dec 11 2015, 05:44 PM

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QUOTE(ikanbilis @ Dec 11 2015, 05:38 PM)
USD1 = 4.3022
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Quite close to BNM rate of 4.2925 @ 5pm
TSwil-i-am
post Dec 12 2015, 12:35 AM

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Brent Crude Oil tank 3% to USD38.5 now
MYR may need to say Hello to 4.35 soon
TSwil-i-am
post Dec 13 2015, 12:25 AM

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Hold on tight n b prepare for volatility, if any
TSwil-i-am
post Dec 13 2015, 01:04 PM

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QUOTE(ikanbilis @ Dec 13 2015, 12:59 PM)
Reach 4.44 i will remit another USD10k back to malaysia. hopefully the FED will raise rate this week and this will pressure BNM to raise the OPR. Then we will have chance to see bank promo FD at 5%! rclxm9.gif
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I dun think BNM will raise OPR soon as Bee End is facing difficulty to maintain or grow GDP next yr
TSwil-i-am
post Dec 13 2015, 07:40 PM

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Ringgit Halts Three-Week Rally as Oil Decline Clouds Outlook
http://www.bloomberg.com/news/articles/201...-clouds-outlook

Maybank n Standard Chartered predict 4.20 n 4.45 by year end
Wat is your prediction?


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