Market seems to be pricing a 15% to 20% hike probability.

They usually raise around the 30% probability.

Bond market says they hike next week.

Gold saying it is a flip of a coin.

Nope
In fact everything is possible here
Btw, Rabobank predict 4.45 within 1 year from now

Holding on to 4.128x now
Key event to watch tonite is US crude oil inventories

er. I don't buy lol.

the way it is going, 4.3 by year end, 4.5 by 2017 end is very possible.

assuming:

.. fed hike rate by dec 2016.
.. crude price stays in 40-45 range.
.. continuous gomen overspending/wastage, larger and larger budget deficit and debts.
.. 1mdb saga continues, xmdb emerges
http://www.bloomberg.com/news/articles/201...aga-hurt-demand
http://www.bloomberg.com/news/articles/201...alters-with-oil


actually, we should start thinking and prepare for a worse scenario - global markets spiral down as $300 trillion in zero or negative rates finally break; excess crude oil being burned or dumped into the oceans to reduce excessive stocks;

good luck to all!.

I think there's no rate hike for now..
Most likely DEC only
But expect the unexpected....

Boss, $300 trillion or $300 billion? That's a big difference between the two...

trillions, worldwide, incl derivatives.

Not much movement with oil below 44.

Has been bouncing between 4.13 and 4.14 for 8 hours.

Right now at 4.1325

Appreciated tis morning to 4.127x now

Ringgit leads decline in emerging Asian currencies
http://www.thestar.com.my/business/busines...ian-currencies/

RM is really weak , influenced by internal & external factor easily......

Marching towards 4.14 level

Fitch: Property Developer Lending Could Stoke Risks in Malaysia
http://finance.yahoo.com/news/fitch-proper...-030550468.html


gomen-developers may be pushing the idea of more and easier loans to house buyers.

becos a lot of new builds unsold, developers crying.

if approved, more debt.

household debt/gdp will get closer to 100%.

will have an impact on rm.

what if cut int rate in nov?!

I will b Happy

I will be

MYR have crossed 4.151x dy

They are not fixing the problem. The problem is high priced property. Fix that and you don't need to offer loans.

I will be if OPR cut

it will continue in the foreseeable future.

everyday, there is news or some smart plan that will push the rm down.

there is no news or plans in sight at all that will strengthen it.



it is very bad news for a lot of people, incl these students:



This post has been edited by AVFAN: Sep 15 2016, 03:04 PM

forsee 4.5x in 1-2 months

just be prepared for the worst.. malaysians....