Hi Sifus,

When i tried transferring some funds on Maybank2u, it is asking for "Fed Wire" number.
Is this the same as ABA/Routing number?

I also have the SWIFTCODE of the bank, but no place to key it in on maybank2u transfer page.

Google was useless here.

so.. Fed wire number?

To USA broker account. Chicago.

yes. its been a long time since i am seeing a red screen + USD + crude falling....feel kind of strange to see this today. haha, maret is taking a breather after all the charging bulls running wild.

My friend did a transfer from his Maybank to his account in UK some years back. No issues.

U.S. crude oil inventories rose by 4.5 million barrels in the week to March 17 to 533.6 million, the American Petroleum Institute (API) said late on Tuesday.

...
An increase in new production projects and a shale boom could add one million barrels per day to oil output by in the coming years, creating an oversupply situation and a big problem for efforts by major oil producing nations to support prices, according to Goldman Sachs analysts.

The analysts expect 2017 to 2019 to be years that would see record production capability coming on stream. As a result, the Organization of the Petroleum Exporting Countries must now weigh the relative benefit of stability by extending production cuts versus the risk of long-term market share loss, they wrote in a note.

correct 5% would be nice 

Gartman says US stocks set for 5% correction … or perhaps something far worse
http://www.cnbc.com/2017/03/22/gartman-say...l-at-least.html

Oil rolls back down to $47 again after bearish API and EIA reports.

Will OPEC continues on their target cut by next week meeting or will their members cheat? 

OPEC cut doesn't make any sense. I think they just do it because they have no more idea on how to push oil price higher anymore, although they also understand that it won't work, shale producers will definitely come out and eat more market share.

OPEC's only hope is to wish world economy continues booming, an improved industrial environment to consume more oil. Other than that, nothing else could help oil price.

Retail trader data shows 72.9% of traders are net-long with the ratio of traders long to short at 2.69 to 1. In fact, traders have remained net-long since Mar 01 when Oil - US Crude traded near 5424.1; price has moved 10.6% lower since then. The number of traders net-long is 4.7% lower than yesterday and 4.6% lower from last week, while the number of traders net-short is 0.4% lower than yesterday and 14.2% lower from last week.

 

give me give me

 

 

give me give me

 

bull still not given up yet?! 

wow....bull charging....

actually, many stocks are still trading at low valuation. The valuation has not recovered from past crisis yet.

Buy signal for Oil... above $50 now.. All aboard.