USD/MYR drop, v3
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 Mar 29 2016, 01:24 PM
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#1
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Senior Member
1,955 posts Joined: Jan 2006 From: Llanfairpwllgwyngyllgogerych  
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QUOTE(Ramjade @ Mar 29 2016, 11:02 AM) Once MYR touch 3.99+, just wait for it to come back to 4.3+ and then pocket the profit. I see that those broker spread is smaller compare to money changer = more money. Not gonna happen if intra-month volatility isn't big, like what we saw starting in February. |
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Mar 30 2016, 10:09 AM
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#2
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Senior Member
1,955 posts Joined: Jan 2006 From: Llanfairpwllgwyngyllgogerych
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QUOTE(MGM @ Mar 30 2016, 09:47 AM) And this happens when oil price coming down. YTD foreign funds were net buyers at KLSE. For those who bought at 4.20 - 4.50 are u all cutting lost or hold? As some might say... the silence is deafening. |
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Mar 31 2016, 08:21 AM
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#3
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Senior Member
1,955 posts Joined: Jan 2006 From: Llanfairpwllgwyngyllgogerych
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QUOTE(Ramjade @ Mar 31 2016, 06:43 AM) The year is still young. Just hold. It will go back to 4.3 A matter of time. If you're targeting 4.3/4.4 then you're going to be holding for a while.That rate was a combination of multiple events even discounting the sentiment surrounding Fed rates: commodities crash (and the unpredictability surrounding oil), 1MDB and troubled assets in limbo, a more volatile political situation, and a sudden drop in investor confidence because of the relative stability of MY markets hitherto. |
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