Is it myr strengthen or usd weaken ?

today, rm gained.

becos opec says maybe deal coming, so oil price up 2%.

whether action or just talk, wait sep 27-28.

fomc meeting sep 21-22, rate hike or not.

so, if no rate hike and opec deal, rm will likely get to 4.0x.

if rate hike and opec no action, likely 4.2x.

if one happen, the other nothing, stay 4.1x.

place yr bets!

I place on no rate hike, sold USD already with small profit last week. Buy in sgx stocks. ☺

This post has been edited by yck1987: Sep 19 2016, 12:43 PM

I'm expecting No Fed Rate hike & OPEC all talk No Action

Closing was 4.1380 as per BNM @ 19 Sep 2016 (Monday)

OPEC can't control Iran or shale oil.

Folks, for those who are holding USDs - are you holding in cash only or in a mix of cash, stocks, bonds, ETFs etc ?
If yes could anyone share their chosen allocation ?

My USD holdings are only cash and wondering if it would be worthwhile to diversify a little bit.

I bet on 4.2x

Trading in a tight range from 4.13xx to 4.14xx

i'll bet on that too, by dec.

low chance of fed hiking rate in sep but it will come in dec.

oil...

10% oversupply, stocks will continue to build into 2017.
http://www.cnbc.com/2016/09/19/oil-prices-...ersupplied.html

and opec's cry wolf will not work anymore.
http://www.cnbc.com/2016/09/19/cramer-ridi...ate-prices.html

Closing was 4.1450 as per BNM @ 20 Sep 2016 (Tuesday) compare with 4.1380 @ 19 Sep 2016 (Monday)

Oil have broken USD43 mark n trading @ 42.77 now
Xpect more production by OPEC members to cover their opex

probably.

there was one analyst who predicted opec will do nothing but talk price up and keep pumping more.

until they all find themselves in a bind, hopeless, forced to agree to cut production, not "freeze".

and that happens only when crude price goes to <30 again.

will he be right?

In fact, US is quietly pumping too by leveraging on their so-call technology

Still seems to be having problem on the high side of 4.15.

Tomorrow could be a important day as two central banks will be done with their meetings.

Bank of Japan to Expand Monetary Base, Keep Negative Rates at -0.1%


yen dropping, rm too.

next, 2am - fed decision.

MYR at 4.163 and looking to test 4.17.

BOJ press conference at 2.30 p.m.

MYR have calm down n trading @ 4.137x now

MYR strengthening inline with the the dollar index losing ground fast.

Current level : 4.1275

This post has been edited by zacknistelrooy: Sep 22 2016, 02:14 AM

MYR appreciated today n trading @ 4.116x now