QUOTE(Ramjade @ Nov 14 2016, 12:17 AM)
You think Brunei can fall?
what u think?USD/MYR v4
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 Nov 14 2016, 12:19 AM
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#161
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All Stars
24,454 posts Joined: Nov 2010 
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Nov 14 2016, 12:23 AM
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#162
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All Stars
24,454 posts Joined: Nov 2010
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QUOTE(Ramjade @ Nov 14 2016, 12:20 AM) I think if Saudi can have trouble so can Brunei. But there's no news about brunei situation. that is true, no much news.how much debt, how much reserves, how tight with SG gomen..? so we don't know. i only know 90% of the country's citizens work for the gomen. the rest of the country's workforce are foreigners. |
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Nov 14 2016, 12:38 AM
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#163
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All Stars
24,454 posts Joined: Nov 2010
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QUOTE(Ramjade @ Nov 14 2016, 12:25 AM) Btw, do you think this will affect Singapore and Malaysia? that is interesting, thanks for link.http://www.bloomberg.com/news/articles/201...-pakistani-port china, india, russia been funding a lot of highway projects across asia and europe. all that is big stuff, beyond me.  |
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Nov 14 2016, 11:01 AM
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#164
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All Stars
24,454 posts Joined: Nov 2010
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QUOTE(prophetjul @ Nov 14 2016, 09:00 AM) Is it just stocks? what i read, much is now in cashpile.waiting for fed and trump moves. |
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Nov 14 2016, 11:17 AM
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#165
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All Stars
24,454 posts Joined: Nov 2010
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QUOTE(Arvinaaaaa @ Nov 14 2016, 11:03 AM) So BNM already allow trading of usd currency? they issued a statement yesterday. but no confirmation all is back to normal yet.http://www.bnm.gov.my/index.php?ch=en_pres...ac=4295&lang=en looking at rupiah and won now, rm has stabilized at 4.32. if all good, think it will sit around 4.30-4.35 until next fed and trump moves. |
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Nov 14 2016, 11:52 AM
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#166
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All Stars
24,454 posts Joined: Nov 2010
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good read... so many problems...
QUOTE Malaysia's Running Out of Trump Cards https://www.bloomberg.com/gadfly/articles/2...-of-trump-cards |
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Nov 14 2016, 12:28 PM
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#167
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All Stars
24,454 posts Joined: Nov 2010
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this is from a blogger, his views, speculation even.
still, it touches on some critical issues, incl "will bnm cut or rates rates?" i think BNM will do nothing - always the best option, won't get blamed. what happens then? QUOTE Initially, the slowing global economy forces the Malaysia Central Bank (Bank Negara) to consider lowering interest rate. With the sudden prospect of U.S. hiking rate, however, Najib administration is caught with its pants down. If Bank Negara Malaysia Governor Muhammad Ibrahim decides to raise interest rate, the country’s domestic debt of RM609 billion as of Dec 2015 could burst. But if Bank Negara refuses to, investors would dump not only government bonds but also other financial instruments including local stocks, depressing ringgit even lower against the dollar. Local business owners would have to pay premium for inventory goods while customers might buy less, or temporarily stop buying at all. Malaysian consumers and transportation sector can expect to pay more for petrol / gasoline if the sagging ringgit continues towards RM4.50, RM4.80 or even RM5.00 to a US dollar. If Trump makes good of his promise to raise tariffs on goods coming from China, Beijing might devalue its Renminbi to make it competitive. This will start currency devaluation war in Asia – including Malaysian Ringgit. Without improvement in revenue due to low crude oil prices, a weakening Ringgit will not only trigger super-inflation, the RM26.6 billion needed to service the nation’s debt this year will definitely balloon. Unemployment will spike, especially in the private sector due to massive retrenchment. Najib Razak might be forced to increase GST by 2% to 8% to make ends meet sooner than he had expected. http://www.malaysia-chronicle.com/najib-ba...s-led-by-china/ |
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Nov 14 2016, 12:43 PM
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#168
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All Stars
24,454 posts Joined: Nov 2010
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QUOTE(prophetjul @ Nov 14 2016, 12:38 PM) Malaysia is badly caught between the rock and the deep blue sea.......BADLY. actually, it doesn't take a big brain to figure out all is sick.The signs of BAD management. been sick for many years, got sicker with mo1 and band of thieves. it's just the highly polished race/religion politics have masked it so well. until the water level goes down to a level to expose the rocks. those in power are still in denial; with plenty of support. well, we had it coming, will have more. |
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Nov 14 2016, 04:10 PM
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#169
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All Stars
24,454 posts Joined: Nov 2010
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local banks, local analysts, local media usually very upbeat about RM.
if this one puts it like that, hmm.... QUOTE Business, Politics | November 14, 2016 by | 0 Comments CIMB Investment Bank Bhd said it is possible that the ringgit could depreciate further, down to RM4.80 against the US dollar, in the near term. According to The Edge Markets, CIMB investment analyst Ivy Ng said this forecast was premised on the lack of clarity of the new US administration’s policies. Ng said the ringgit could touch between RM4.50 and RM4.80 against the US dollar within the next three to six months. “Since the election, the US yield curve has steepened to reflect the market’s expectation of an inflationary impact of (president elect Donald) Trump’s campaign promises. “This narrowed the premium of emerging market yields over the US and resulted in unwinding of carry trades funded in US dollar. “The ringgit has fallen in line with this trend and the weakness was further compounded by the relatively high foreign holdings of Malaysian government bonds. “Currency volatility could remain in place until clarity on the new US administration’s economic and trade policies are made known. Beyond this however, the decent fundamentals of ringgit could prevail and the ringgit could recover to US pre-election levels,” said Ng in a note. Ng predicted that Malaysia businesses will be net beneficiaries as exporters will be more competitive while companies with assets abroad will also benefit. The ringgit fell sharply against the US dollar last week. Bank Negara has vowed not to peg the ringgit. |
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Nov 14 2016, 04:16 PM
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#170
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All Stars
24,454 posts Joined: Nov 2010
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the trump effect will continue to haunt EM currencies, incl RM.
next to come: BNM meeting Nov 23 OPEC meeting Nov 30 FED meeting Dec 14 All 3 can move the RM in big way. Brace yourselves! |
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Nov 14 2016, 05:27 PM
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#171
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All Stars
24,454 posts Joined: Nov 2010
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if still not clear what happened last fri, this will help:
http://m.thestar.com.my/story.aspx?hl=Bank...85DE369CBA1D%7D |
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Nov 14 2016, 05:28 PM
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#172
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All Stars
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QUOTE(klthor @ Nov 14 2016, 05:27 PM) trump + soros? why soros? |
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Nov 14 2016, 05:53 PM
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#173
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All Stars
24,454 posts Joined: Nov 2010
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QUOTE(TOMEI-R @ Nov 14 2016, 05:30 PM) Only the big guns and their big money can make it worth by investing offshore and most of them alread did. The poor will still be stuck here. quite true but not entirely.v1 of this thread: https://forum.lowyat.net/topic/3461956/+20 it started with someone looking for simple ways to protect his savings, think not big amount. date 6 jan 2015, about 2 yrs ago. rate was 3.571; oil price was $30. 1mdb already there. if u read just the first few pages, u will find some expected it to get worse, some were hopeful it will return to 3.30. some were cynical; some said it's purely low oil price; some said tourist $ will come big time. then some politicians say "get 3 jobs, "cook yr own meals, "kangkung still cheap". 2 yrs passed... oil price is $43. there was gst, grexit, fed rate hike in dec 2015, brexit, and then trump. another fed rate hike looming, 1mdb shix still around. rate now 4.330 - a 21% drop in less than 2 years. for a lot of people, it WAS possible to do something, but they didn't. |
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Nov 14 2016, 06:39 PM
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#174
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All Stars
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QUOTE(nexona88 @ Nov 14 2016, 06:24 PM) Ringgit may drop to 4.80 to USD, says CIMB analyst this one is all over the alternative media, not sure if it made it to mainstream media. http://www.freemalaysiatoday.com/category/...s-cimb-analyst/ chance she will be questioned/arrested for "sedition"?  |
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Nov 15 2016, 10:43 AM
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#175
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All Stars
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RM seems stable now at 4.3x.
us bond yields now hovering at 2.2x%, mgs 4.1x%. crude at 44. anyone want to take a position, now is probably a good time. next... 3.8, 4.0, 4.5, 4.8... who knows...? |
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Nov 15 2016, 12:57 PM
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#176
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All Stars
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QUOTE(wil-i-am @ Nov 15 2016, 12:16 PM) Volatility raises fear of currency exodus this kind of report is why i never read them.http://www.nst.com.my/news/2016/11/188790/...currency-exodus always allude to "it's all external factors" - trump, bond yields, NDF, "rupiah also like that". not a word on country's debt level, cost of borrowing, competitiveness, confidence, vulnerability pointed out by bloomberg and moody. then again, every problem is also taken as caused by somebody else, never those in power. so, we keep asking why so many big problems never get solved! |
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Nov 15 2016, 01:34 PM
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#177
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All Stars
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QUOTE(iGamer @ Nov 15 2016, 01:25 PM) Any thoughts on investment on paper gold to hedge against ever weakening Ringgit? u r very very late!  gold thread v8: https://forum.lowyat.net/topic/3350149/+2520#bottom |
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Nov 15 2016, 07:51 PM
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#178
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All Stars
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QUOTE(wil-i-am @ Nov 15 2016, 07:31 PM) Surprise to c MYR continue to depreciate from 4.3300 to 4.3335 today as per BNM website despite recovery in EM currencies despite oil rising 3.5%.becos china rmb almost touched 8 yr low. and mgs yield rising, 4.23% = foreigners selling. RM indeed in trouble. gotta do second round shopping tmrw. |
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Nov 15 2016, 09:13 PM
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#179
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All Stars
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QUOTE(nexona88 @ Nov 15 2016, 08:42 PM) Just curious.. what u mean??What normally u buy??? |
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Nov 15 2016, 10:38 PM
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#180
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All Stars
24,454 posts Joined: Nov 2010
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QUOTE(nexona88 @ Nov 15 2016, 09:33 PM) U said gotta do shopping tomorrow.. just groceries. So I curious what u normally buy?  |
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