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nexona88
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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..
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nexona88
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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
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nexona88
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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
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nexona88
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Jul 13 2016, 08:36 PM
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QUOTE(bbgoat @ Jul 13 2016, 08:00 PM) Wasai,MYR going North !  Really unexpected...
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nexona88
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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. well it's expected since they lost the case on Spratlys Island
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nexona88
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Jul 14 2016, 06:11 PM
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Closing was 3.9510 as per BNM @ 14 Jul 2016 (Thursday)
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nexona88
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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. some are saying China selling off their USD holdings
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nexona88
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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.  well I heard it lor.. which assets class I not sure
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nexona88
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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)
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nexona88
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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 they really know how to blow water like most of lyn forummers
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nexona88
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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 !  let's see which one is true in coming weeks
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nexona88
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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? 4.1 more likely... wah don't say pariah bank lor.. it's one of the reputable bank in Bolehland
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nexona88
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Jul 20 2016, 11:03 PM
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still at 4.03 MYR  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.htmlThis post has been edited by nexona88: Jul 20 2016, 11:04 PM
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nexona88
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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.which means 4.10 MYR tomorrow
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nexona88
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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 ? Yes.. Unless China comes to the rescue
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nexona88
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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 well I do feel 4.20 might happen by next month 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? well there's high possibilities of that happening.. as for HSR, my wild guess MMC-Gamuda-China State own Companies JV
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nexona88
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Jul 22 2016, 09:52 AM
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Still around 4.05 myr...
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nexona88
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Jul 22 2016, 11:07 PM
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