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 USD/MYR v4

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TSwil-i-am
post Sep 10 2016, 07:41 AM

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QUOTE(AVFAN @ Sep 9 2016, 08:44 PM)
almost there, next week maybe.

all it took for rm to go to 4.097 was a few words...

Boston Fed President Eric Rosengren said in another speech low interest rates are increasing the chance of overheating the U.S. economy. Gradually tightening monetary policy is appropriate to maintaining full employment, he added.
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Have officially crossed 4.10 mark now
TSwil-i-am
post Sep 10 2016, 07:49 AM

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I foresee USD will continue to strengthen next week with the hawkish comments plus traders expectation
bbgoat
post Sep 10 2016, 08:25 AM

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QUOTE(AVFAN @ Sep 9 2016, 10:40 PM)
usd touched 4.105.

but not only usd...

euro, pound, sgd, yen, rmb, won, baht all gained over rm just the same.

ya, oil falls 2.5% but it gained 5% yesterday.
what's else is happening to the rm?
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Even yen which I am watching also gains vs RM. USD crosses the 4.10 mark ! Is there other news that we are not aware of ?
TSwil-i-am
post Sep 10 2016, 08:45 AM

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QUOTE(bbgoat @ Sep 10 2016, 08:25 AM)
Is there other news that we are not aware of ?
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Nope as investor/trader priced-in rate outlook
aromachong
post Sep 10 2016, 11:27 AM

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QUOTE(wil-i-am @ Sep 10 2016, 07:41 AM)
Have officially crossed 4.10 mark now
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eh so far my crystal ball working so well since last week? sweat.gif
nexona88
post Sep 10 2016, 11:50 AM

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It seem a lot of currency gain against myr..
Something is really not right somewhere that we unaware of...
bbgoat
post Sep 10 2016, 11:52 AM

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QUOTE(aromachong @ Sep 10 2016, 11:27 AM)
eh so far my crystal ball working so well since last week? sweat.gif
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How about next week, what did your crystal ball say ? hmm.gif
aromachong
post Sep 10 2016, 12:12 PM

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QUOTE(bbgoat @ Sep 10 2016, 11:52 AM)
How about next week, what did your crystal ball say ?  hmm.gif
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all the way to south.. same history repeats.. bounce a bit to north then south rclxm9.gif
bbgoat
post Sep 10 2016, 12:14 PM

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QUOTE(aromachong @ Sep 10 2016, 12:12 PM)
all the way to south.. same history repeats.. bounce a bit to north then south  rclxm9.gif
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In that case, better for u to buy more kangaroo dollar now ? hmm.gif
TSwil-i-am
post Sep 10 2016, 12:35 PM

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QUOTE(aromachong @ Sep 10 2016, 11:27 AM)
eh so far my crystal ball working so well since last week? sweat.gif
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U win again rclxms.gif
TSwil-i-am
post Sep 10 2016, 12:38 PM

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Ringgit expected to trend lower against USD next week
http://www.nst.com.my/news/2016/09/172149/...t-usd-next-week
aromachong
post Sep 10 2016, 12:38 PM

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.

This post has been edited by aromachong: Nov 5 2016, 08:36 PM
TSwil-i-am
post Sep 10 2016, 12:51 PM

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QUOTE(aromachong @ Sep 10 2016, 12:38 PM)
90% of my monies are feeding kangaroo now.. so happy  flex.gif
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Besides AUD, is there any co-relationship between MYR n NZD?
aromachong
post Sep 10 2016, 01:03 PM

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QUOTE(wil-i-am @ Sep 10 2016, 12:51 PM)
Besides AUD, is there any co-relationship between MYR n NZD?
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no idea about NZD.. only interested in AUD or SGD.. but AUD is better
AVFAN
post Sep 11 2016, 10:37 AM

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some data here on foreign buying of mgs...

QUOTE
Then in April, it was reported that China’s government has started buying more Malaysian government securities (MGS) and this inflow of new money could possibly rise to 50 billion yuan (RM30bil) in total or 8.5% of Malaysia’s total outstanding MGS in early April.

On Nov 23, Chinese Premier Li Keqiang announced that China would buy more MGS, issue yuan bonds in Kuala Lumpur and grant local institutional funds a quota of 50 billion yuan under the Renminbi Qualified Foreign Institutional Investor programme to invest directly in Chinese equities in the mainland.

“This has led to Malaysia’s foreign bond holdings going back up to over 50% and also gave our ringgit some form of stability,” says Astramina Advisory Sdn Bhd managing director Wong Muh Rong.

Foreign ownership of Malaysian government and corporate bonds rose to a 22-month high of RM240.9bil in July from RM235.2bil in June.

In particular, foreign ownership of Malaysian Government Securities (MGS) increased RM5.8bil in July to RM209.7bil. Foreigners now own 51.9% of the total outstanding MGS.
http://www.malaysia-chronicle.com/china-th...tends-lifeline/

nexona88
post Sep 11 2016, 01:27 PM

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QUOTE(AVFAN @ Sep 11 2016, 10:37 AM)
some data here on foreign buying of mgs...
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As usual China come to support..
I'm worry what they would as for return later on.. So many Chinese investment here.. From rail, property deveopments to steel.. Almost every sector they are involved...
koonghx
post Sep 12 2016, 12:27 AM

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I have this to deal with..

user posted image
TSwil-i-am
post Sep 12 2016, 08:39 AM

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Wondering wat is d direction tis week hmm.gif
nexona88
post Sep 12 2016, 01:26 PM

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still floating around 4.10/4.11..

very stubborn, don't want to move blush.gif

I thought with more foreign buying of MGS, MYR would be stronger. but hey I'm totally wrong.
aromachong
post Sep 12 2016, 02:25 PM

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QUOTE(nexona88 @ Sep 12 2016, 01:26 PM)
still floating around 4.10/4.11..

very stubborn, don't want to move blush.gif

I thought with more foreign buying of MGS, MYR would be stronger. but hey I'm totally wrong.
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crystal ball always working thumbup.gif

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