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 USD/MYR v4

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aromachong
post Oct 23 2016, 12:39 PM

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QUOTE(Hansel @ Oct 23 2016, 10:14 AM)
I recalled from experience in the last budget ann't last year, the MYR IMMEDIATELY strengthened on that Saturday following the ann't by the PM.

I kept looking at the rates yesterday and today,... looks like the MYR DID NOT behave in the same way this time, ie did not strengthen over the weekend,...

May strengthen tomorrow and Tuesday ??
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wait patiently and expect a miracle happen and ended up in dismay mega_shok.gif
aromachong
post Oct 23 2016, 03:28 PM

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QUOTE(zacknistelrooy @ Oct 23 2016, 02:52 PM)
The ringgit did strengthen going into the budget and kind of flat lined after that. For now at least it looks like a neutral reaction and will have to wait for Monday to know further.

Also currency don't usually trade on weekends as liquidity is scarce.

As for the rebound in the Australian dollar was generally due to the stabilization of China,basic materials and oil. Also the lower probability of a rate cut by the RBA has helped the AUD strengthen.

The CPI on Wednesday will be key for AUD.

Interest rate decision will be on Tuesday, November 1, 2016
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TBH, im not into short term outlook for AUD

I'm looking into long term and definitely AUD will bring me lot of prosperity. I'll keep polishing my crystal ball and hopefully it will bring me super luck smile.gif

If you'd realise, SGD is not strengthen but instead of MYR is heading to south which brings lot of benefits of SGD implying it's strengthening ... well thats part of it..


aromachong
post Oct 27 2016, 07:17 PM

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QUOTE(AVFAN @ Oct 27 2016, 05:56 PM)
4.17.... 4.15....4.19 now.

I think its just the usuals.... budget feel good then no good, oil price movement.

And maybe more now think the budget is overly optimistic on revenue and deficit.

Now that even cooking oil subsidy is largely removed, it says a lot... will likely need to issue new big sukuks.

Or raise gst.

No way out.
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subsidy cooking oil ...

budget overly optimistic...

renevue, deficit?

gst? all this have nth to do and it will only affect heading to north in a very short period of time

after that investor will realize MY is sucked up and hence RM will continue heading to south in long term (59 years of history proven)

i don't have any reason to giv myself why myr will head to north instead of south and slowly become 2nd Indonesia + with our current prime minister , money laundering, 1mdb , etc...

all those damage cannot be reversed hence u know the long time effect...

sad but truth.. dont hope myr will strengthen ever bangwall.gif
aromachong
post Oct 28 2016, 12:20 PM

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QUOTE(prophetjul @ Oct 28 2016, 09:12 AM)
1 USD =4.20055MYR
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so far my crystal ball proven precisely
aromachong
post Oct 28 2016, 11:38 PM

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QUOTE(Xnet @ Oct 28 2016, 11:32 PM)
Out of curiosity you crystal ball prediction is for 1 day? 1 week? 1 month or 1 year?
Or is it whenever it suits you?
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proven for long period of time if you scroll and read up previous post

of course that is my crystal ball only

do not listen to my advise as it's for myself only
aromachong
post Oct 29 2016, 04:21 PM

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QUOTE(wil-i-am @ Oct 29 2016, 11:54 AM)
Your crystal ball really reliable
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thx and appreciate that
aromachong
post Oct 30 2016, 12:31 PM

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QUOTE(nexona88 @ Oct 30 2016, 12:25 PM)
The ringgit is likely to strengthen this week to the 4.12 level against the US dollar on the back of a possible recovery in the crude oil prices, a dealer said.

http://www.thestar.com.my/business/busines...036;-this-week/

laugh.gif boleh percaya kah devil.gif
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please buy if you believe that news and let us know the outcome lol
aromachong
post Nov 2 2016, 04:34 PM

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QUOTE(AVFAN @ Nov 2 2016, 11:00 AM)
ya, signing rm144bil loan and contract deals seem no help to the rm.

4.195.
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when a house foundation is not strong enough, what do you expect with?

back to topic, when our economy fundamental is so-so only, what do you expect? a short term spike?

still all the way south i'd say. 101%

where the 1% comes from? from impossible still to impossible. there will be no 'possible' for malaysia in my dictionary .. ever !

This post has been edited by aromachong: Nov 2 2016, 04:35 PM
aromachong
post Nov 2 2016, 06:25 PM

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QUOTE(eric84cool @ Nov 2 2016, 06:15 PM)
what's ur crystal ball predicts USD/MYR at what range in the next 4 months until CNY next year?
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dont take my advise seriously

my crystal ball told me i will be aiming @ 4.5 end of this december

*trade at your own risk

This post has been edited by aromachong: Nov 2 2016, 06:25 PM
aromachong
post Nov 2 2016, 06:32 PM

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QUOTE(eric84cool @ Nov 2 2016, 06:29 PM)
hmm.gif  hmm.gif  hmm.gif .......really superb high, even beat the lower & upper resistence...

what makes you think the USD/MYR could fetch that high by end of this Dec? The US president vote, announce of fed interest & Our fren 1MDB burst out...?
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my crystal ball

when you want to trade dont influence by news or anything u have to be focus on ur own...

if u trade based on news u are easily affected and wont make profit at all.. trust ur own instinct and focus icon_rolleyes.gif
aromachong
post Nov 2 2016, 06:51 PM

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QUOTE(Ramjade @ Nov 2 2016, 06:36 PM)
So what's your take on US president?  Who will win?
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not interested to know tongue.gif

it does not matter who wins.. prob is our fundamental .. short term effect i believe yes .. if USD head to south of course MYR north

but long term for MYR .. u know .. i know.. everybody know..

aromachong
post Nov 2 2016, 07:22 PM

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QUOTE(nexona88 @ Nov 2 2016, 07:20 PM)
4.50 end of Dec is kinda too high leh  blush.gif

but around 4.30 / 4.40 possible  hmm.gif  innocent.gif
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thats my opinion only hhehe.. let's wait and see tongue.gif
aromachong
post Nov 11 2016, 09:14 AM

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QUOTE(wil-i-am @ Nov 11 2016, 07:52 AM)
The depreciation of MYR was way too fast
M not sure whether it has anything to do with Q3/16 GDP data to b release by BNM today or any hidden factors
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looks like we dont have to eait for dec for 4.5.. my crystal ball...
aromachong
post Nov 11 2016, 01:10 PM

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QUOTE(wil-i-am @ Nov 11 2016, 12:48 PM)
Managed to close all position at 4.50 plus short some
Will buy in tis afternoon to cover position
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a lot did not believe 4.5 and said its crap. hehe.. it should be somewhere between 4.5 to 5 end of this yr i change my target to 5.
aromachong
post Nov 25 2016, 09:10 PM

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Expect incoming 5.0 end of December.

Now loving my crystal ball from day to day
aromachong
post Nov 25 2016, 09:15 PM

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QUOTE(wil-i-am @ Nov 25 2016, 09:14 PM)
Dun forget to polish so tat it will shine everyday  tongue.gif
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Thanks.. it will... hehe he. .. poor Malaysians. . No future and no hope for my whether in short or long run term
aromachong
post Nov 25 2016, 09:24 PM

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QUOTE(wil-i-am @ Nov 25 2016, 09:20 PM)
I presume MOF will calibrate 2017 Budget in Q1/2017
Hope they won't increase tax at the expense of rakyat  sweat.gif
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I'd suggest it has nothing to do with MOF ..problem.l is my having weak fundemental foundation

If u are building a house and having weak foundation and slabs it will collapse anytime prior warning
aromachong
post Nov 25 2016, 09:26 PM

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QUOTE(wil-i-am @ Nov 25 2016, 09:25 PM)
Our Govt will reply owners have householder insurance to cover  tongue.gif
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Yet they still make loss because insurance won't cover you and pay you in full hehe

So still not a profit business ,no?
aromachong
post Nov 25 2016, 09:31 PM

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QUOTE(wil-i-am @ Nov 25 2016, 09:29 PM)
Those stay in landed properties shld b fine
For those stay in highrise bldg, I wish them gud luck
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I only can wish gd luck to my

Expect miracle to happens but it's nearly to impossible
aromachong
post Nov 27 2016, 03:16 PM

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QUOTE(nexona88 @ Nov 27 2016, 02:54 PM)
sometimes..

just for fun.. biggrin.gif

also some friends do travel daily on Bus, so I kinda know the rate
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Waiting patiently for 5.0

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