Not sure whether 2017 Budget on 21/10 could revive MYR

the tabled one will probably attempt to do that by showing a smaller deficit than budget 2016, bn mp's will just ok even if it looks unreal.

then, budget 2016 actual will need a big amendment becos of overspend.

then, amend 2017 budget with big deficit.

we see that every year, more so this time.

local people may get fooled, but int'l banking and foreign funds community will see it right through, no use.

can expect attempts to keep gdp growth with more debt and weaker currency, higher inflation.




world bank, adb have been "warning" gomen since 2 years ago that there is little room for the economy in case of a downturn and global problems. becos of high debt, low productivity, low inv, big civil service, corruption.

and here we are - low oil prices, slowing global growth... and 1mdb, incr br1m cash, high household debt.

dare not imagine what will happen if a major global financial crisis comes now.

For all its worth, I hope your crystal ball need polishing. 4.5 ?

But by end Dec if it can recover, I am OK.

If not?

Just realized it touch 4.162x earlier

If not, still have to buy. No way out !

Can we expect 4.2 next week ?

High possibility...
Low oil price, over spent on budget 2016 & others factors...

Come on.....need to release USD which bought way back in YR2012/13 1USD = MYR3.1xx something....

Missed the earlier boat when USD hits 4.45 high on last year

floating around 4.12/4.13 level for now..

seems it's the stable level fot now

Wat is your target price?

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

probably 4.2 will start selling USD.....

i remember when ringgit briefly recovered early this year, someone said dai sei to those who bet against own currency

It's possible provided u have the patience
Having said tat, your wish could b a dream too

U better sell batch by batch..
U never know suddenly myr recover / become stronger..

Like our professional trader, sell some and keep some for higher price.

actually it can be either way too..

main point is try to take some profit first.. if MYR become weaker, then the balance u make more profit..
if MYR become stronger, u already took profit early. so u kinda lucky.

Professional trader mind set. Unlike the commoner, either take all (most people) or nothing (once timing out).

very good chance.

russia just cut int rate by 50bps, oil price falls accordingly.

russia is a major oil producer-exporter, that will pull oil price down as ruble weakens against usd.

that in turn will make usd gain over other currencies.

if fed raise rate next week, may even see 4.25.



but... who knows?