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 USD/MYR v4

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nexona88
post Jul 13 2016, 05:04 PM

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QUOTE(my44 @ Jul 13 2016, 04:55 PM)
Seems no volatile movement after we read about OPR cut. Maybe already past peak trading hours?

Or our interest rate is just a small factor overall?
*
tomorrow onwards.. sweat.gif
nexona88
post Jul 13 2016, 06:08 PM

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12 Jul 2016 10:00 UTC - 13 Jul 2016 10:06 UTC
USD/MYR close: 3.94746 low: 3.94152 high: 3.99167

getting stronger pulak brows.gif

nexona88
post Jul 13 2016, 06:25 PM

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QUOTE(my44 @ Jul 13 2016, 06:18 PM)
From my observation, movement of USD/MYR is not strictly during normal hours of BNM.

Some buying/selling occur also during EU/USA trading hours (night/midnight in Malaysia) via something called "Non Deliverable Forward" (which I don't really understand).

So there'll be movement (up/down) even official BNM rates close at local time. That's why I noticed xe.com & Yahoo! finance are showing exactly that.
*
well u could be right..

now I see MYR is strengthening against USD cool2.gif
nexona88
post Jul 13 2016, 08:36 PM

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QUOTE(bbgoat @ Jul 13 2016, 08:00 PM)
Wasai,MYR  going North !  rclxms.gif  rclxms.gif
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Really unexpected...
nexona88
post Jul 13 2016, 11:30 PM

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QUOTE(Ryannate @ Jul 13 2016, 11:09 PM)
China government is throwing usd and trying to protest Philippine by giving difficulties to China and HongKong business for deal transaction with Philippine.

This will help rm strengthen a bit for some period.
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well it's expected since they lost the case on Spratlys Island devil.gif bruce.gif
nexona88
post Jul 14 2016, 06:11 PM

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Closing was 3.9510 as per BNM @ 14 Jul 2016 (Thursday)
nexona88
post Jul 14 2016, 10:35 PM

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QUOTE(danmooncake @ Jul 14 2016, 10:19 PM)
Sometimes, it isn't the ringgit strengthening but USD falling due to rising commodities and continued perceived
low interest by US Fed.
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some are saying China selling off their USD holdings hmm.gif hmm.gif
nexona88
post Jul 15 2016, 11:25 AM

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QUOTE(danmooncake @ Jul 15 2016, 01:26 AM)
Well, we need to define "holdings" here..a bit more specific because they mean different thing depending
on how people see things.

China has been lightening up their Treasury holdings since last year (down from near 2T level)...  BUT at the same time, they're  using the money to quietly acquire US-based HARD assets (eg. real estates and companies) in US itself.

China still holds the number one spot of US treasuries despite the low yield as foreign debtor (at around 1.2T~1.3T)
Japan is 2nd (1.1T).

China also using the money to buy gold. Dunno why they hoard so much gold is anyone guess... perhaps they
know something bad is about to happen.  devil.gif
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well I heard it lor.. which assets class I not sure smile.gif
nexona88
post Jul 15 2016, 06:17 PM

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Closing was 3.9500 as per BNM @ 15 Jul 2016 (Friday) compare with 3.9510 @ 14 Jul 2016 (Thursday)
nexona88
post Jul 17 2016, 03:14 PM

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QUOTE
Affin Hwang remained confident that the ringgit's fair value would be between 3.95 and 4.00 this year.


while Maybank says 3.80 MYR hmm.gif

they really know how to blow water like most of lyn forummers laugh.gif laugh.gif biggrin.gif rclxs0.gif
nexona88
post Jul 17 2016, 05:04 PM

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QUOTE(bbgoat @ Jul 17 2016, 04:57 PM)
I would love 3.80 and move fund out from MBB GIA-i !  rclxms.gif
*
let's see which one is true in coming weeks cool2.gif
nexona88
post Jul 18 2016, 03:45 PM

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very tight range 3.97/3.98 MYR yawn.gif yawn.gif

wonder if goes to 3.95 or 4.00 later of the day sweat.gif
nexona88
post Jul 19 2016, 06:18 PM

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4.01105 MYR yawn.gif whistling.gif
nexona88
post Jul 19 2016, 06:57 PM

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QUOTE(AVFAN @ Jul 19 2016, 06:24 PM)
and which pariah bank, which bomoh analyst said 3.80 coming? tongue.gif

4.1 more likely...
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wah don't say pariah bank lor.. it's one of the reputable bank in Bolehland devil.gif rclxs0.gif
nexona88
post Jul 20 2016, 11:03 PM

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still at 4.03 MYR hmm.gif

btw related news

Oil turns positive as US crude inventories fall by 2.3M barrels: EIA
http://www.cnbc.com/2016/07/19/crude-oil-f...piles-fall.html

This post has been edited by nexona88: Jul 20 2016, 11:04 PM
nexona88
post Jul 20 2016, 11:23 PM

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QUOTE(AVFAN @ Jul 20 2016, 11:18 PM)
first part ok. second part is not:

U.S. commercial crude stockpiles fell by 2.3 million barrels to a total of 519.5 million barrels, the Energy Information Administration reported.

Meanwhile, gasoline stocks rose by 911,000 barrels, compared with the Reuters poll forecast for no change. Distillate stockpiles, which include diesel and heating oil, fell by 214,000 barrels, versus expectations for a 600,000-barrel increase, the EIA data showed.

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which means 4.10 MYR tomorrow devil.gif
nexona88
post Jul 21 2016, 01:23 PM

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QUOTE(KTCY @ Jul 21 2016, 01:19 PM)
with the news of 1MDB in states, singapore seize $120M of Jho Low. will MYR weaken further ?
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Yes.. Unless China comes to the rescue blush.gif
nexona88
post Jul 21 2016, 04:27 PM

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QUOTE(KTCY @ Jul 21 2016, 02:33 PM)
How far to South ? I think 4.2 is something that will happen
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well I do feel 4.20 might happen by next month innocent.gif

QUOTE(@secret@ @ Jul 21 2016, 02:36 PM)
China has rescued several times.
Does that means we lose the claims for islands on South China Sea and HSR contract is going to them?
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well there's high possibilities of that happening..

as for HSR, my wild guess MMC-Gamuda-China State own Companies JV hmm.gif hmm.gif


nexona88
post Jul 22 2016, 09:52 AM

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Still around 4.05 myr...
nexona88
post Jul 22 2016, 11:07 PM

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Ringgit in biggest weekly drop since September on oil, 1MDB woes devil.gif
http://www.theedgemarkets.com/my/article/r...?type=Corporate

who is MO1 cool2.gif rolleyes.gif sweat.gif rclxs0.gif

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