USD/MYR drop, v3
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 Jun 27 2016, 02:02 PM
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All Stars
24,454 posts Joined: Nov 2010 
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QUOTE(Ramjade @ Jun 24 2016, 01:50 PM) So usd200b gone down the drain?  QUOTE around $2.1 trillion was wiped off the value of global financial markets. http://www.cnbc.com/2016/06/26/luxembourg-...rexit-vote.html |
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Jun 27 2016, 02:31 PM
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All Stars
12,268 posts Joined: Oct 2010
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QUOTE(AVFAN @ Jun 27 2016, 02:02 PM) QUOTE around $2.1 trillion was wiped off the value of global financial markets. http://www.cnbc.com/2016/06/26/luxembourg-...rexit-vote.html  |
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Jun 27 2016, 02:40 PM
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All Stars
24,454 posts Joined: Nov 2010
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QUOTE(prophetjul @ Jun 27 2016, 02:31 PM) This sort of valuation is actually quite erroneous. It's all paper numbers. of course it is. and for such a big number for all types and classes.it's the magnitude of the change that's of interest. just like if yr stocks lost 1mil, can also say it's "only paper loss, no worries...?!! This post has been edited by AVFAN: Jun 27 2016, 02:41 PM |
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Jun 27 2016, 02:41 PM
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Senior Member
1,862 posts Joined: May 2013
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2.1 trillion gone - to whose pocket?
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Jun 27 2016, 02:51 PM
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All Stars
12,268 posts Joined: Oct 2010
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QUOTE(AVFAN @ Jun 27 2016, 02:40 PM) of course it is. and for such a big number for all types and classes. The thing is not everyone loses ina general market.it's the magnitude of the change that's of interest. just like if yr stocks lost 1mil, can also say it's "only paper loss, no worries...?!! Some may have bought low, some high. So loss for some, greater loss for some others. Some may still be in the profit. |
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Jun 27 2016, 02:52 PM
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All Stars
12,268 posts Joined: Oct 2010
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QUOTE(Xnet @ Jun 27 2016, 02:41 PM) 2.1 trillion gone - to whose pocket? That's the thing. It's not an absolute. |
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Jun 27 2016, 03:38 PM
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Senior Member
4,258 posts Joined: Nov 2012
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QUOTE(cherroy @ Jun 27 2016, 10:20 AM) Worldwide renown Safe heaven currency : During crisis, gold should be highest on your list. Like 2008 sub primeUSD Yen Swiss Franc Financial market money flock to those currency whenever there is financial crisis. |
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Jun 27 2016, 05:36 PM
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All Stars
24,454 posts Joined: Nov 2010
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QUOTE(Xnet @ Jun 27 2016, 02:41 PM) 2.1 trillion gone - to whose pocket? those who shorted gbp, stocks and crude before brexit vote.those who longed gold, yen and usd. no report yet which fund or tycoon made billions but soros made some, it seems: http://www.cnbc.com/2016/06/27/george-soro...-spokesman.html |
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Jun 27 2016, 06:17 PM
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All Stars
24,454 posts Joined: Nov 2010
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everyone thinks he/she is great with predictions while analysts are bullshitters.
ok, ok... here's one analyst with this prediction which i think is about right: QUOTE “From here, a 10 percent fall relative to the U.S. dollar seems about right,” Kit Juckes, a London-based strategist at Societe Generale SA, said in a Bloomberg Television interview on Sunday. “The low point will be somewhere between $1.20 and $1.25. http://www.bloomberg.com/news/articles/201...-u-k-in-turmoil gbp/usd = 1.34 now. 10% drop = 1.22. which implies euro will be close to usd parity. rm... u can figure it out. |
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Jun 27 2016, 10:43 PM
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Junior Member
265 posts Joined: May 2016
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QUOTE(cherroy @ Jun 27 2016, 10:20 AM) Worldwide renown Safe heaven currency : I agree so what will happen if the people of the world loses their trust in the government of USA to handle the economy and their finance. What asset is going to rise and what asset is going to fall?USD Yen Swiss Franc Financial market money flock to those currency whenever there is financial crisis. |
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Jun 28 2016, 07:26 AM
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Senior Member
1,356 posts Joined: Dec 2006 From: Subang 
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Many say GOLD
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Jun 28 2016, 08:02 AM
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All Stars
48,433 posts Joined: Sep 2014 From: REality
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26 Jun 2016 23:45 UTC - 27 Jun 2016 23:58 UTC
USD/MYR close: 4.11617 low: 4.08910 high: 4.13784 |
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Jun 28 2016, 09:23 AM
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Senior Member
10,001 posts Joined: May 2013
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QUOTE(Xnet @ Jun 27 2016, 02:41 PM) 2.1 trillion gone - to whose pocket? To those Sellers who sold on 23/6 |
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Jun 28 2016, 09:24 AM
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Senior Member
10,001 posts Joined: May 2013
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Awaiting it to say Hello @ 4.15
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Jun 28 2016, 10:36 AM
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Senior Member
6,614 posts Joined: Mar 2011
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QUOTE(wil-i-am @ Jun 28 2016, 09:24 AM) Awaiting it to say Hello @ 4.15 Today RM seems to have strengthened against USD and Yen, hope that it can last .................... |
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Jun 28 2016, 01:11 PM
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All Stars
24,454 posts Joined: Nov 2010
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QUOTE(wil-i-am @ Jun 28 2016, 09:24 AM) Awaiting it to say Hello @ 4.15 will be difficult with new development post-brexit vote.central banks now expected to move to limit further losses. talk now that fed may cut rate, i.e. back to where it was. japan may have more negative int rates. until the mother of all bubbles blow - which may be decades away. so, who cares?! one day, we here too, may have to pay the banks to keep our money.  QUOTE Fed Funds futures indicate there is a 9 percent chance the Federal Reserve will raise interest rates by February and a 20 percent likelihood of a cut. Prior to the U.K.’s referendum, there was zero prospect of a reduction and a 52 percent chance of an increase. http://www.bloomberg.com/news/articles/201...-oil-after-rout |
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Jun 28 2016, 01:15 PM
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All Stars
24,335 posts Joined: Feb 2011
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QUOTE(AVFAN @ Jun 28 2016, 01:11 PM) will be difficult with new development post-brexit vote. Let the USD drop. Then buy it up. central banks now expected to move to limit further losses. talk now that fed may cut rate, i.e. back to where it was. japan may have more negative int rates. until the mother of all bubbles blow - which may be decades away. so, who cares?! one day, we here too, may have to pay the banks to keep our money.  |
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Jun 28 2016, 03:19 PM
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Senior Member
10,001 posts Joined: May 2013
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QUOTE(bbgoat @ Jun 28 2016, 10:36 AM) Today RM seems to have strengthened against USD and Yen, hope that it can last .................... U must b happy |
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Jun 28 2016, 03:55 PM
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All Stars
48,433 posts Joined: Sep 2014 From: REality
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from 4.11 MYR (I posted in morning) to 4.06 MYR now
 MYR is strengthening a bit today.. but guess it might not last long  |
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Jun 29 2016, 07:49 AM
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Junior Member
61 posts Joined: May 2016
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Want to ask since Na jib is going to hang on, will the ringgit become stronger? |
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