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 USD/MYR v4

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bbgoat
post Nov 9 2016, 03:32 PM

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QUOTE(nexona88 @ Nov 9 2016, 03:31 PM)
Trump is now 266, 270 is the winning numbers..
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Clinton campaign has nothing to say tonight !
bbgoat
post Nov 17 2016, 05:58 PM

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Just back after feeding the kangaroo's. biggrin.gif

While there, few days ago someone said went up to 4.6/4.8 ! Then BNM making controls in place. sweat.gif sweat.gif The next day it turns out to be false.

Saw spikes to 4.5 region. sweat.gif

Oh shxx ! sad.gif

This post has been edited by bbgoat: Nov 17 2016, 05:59 PM
bbgoat
post Nov 17 2016, 07:57 PM

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QUOTE(AVFAN @ Nov 17 2016, 06:26 PM)
new one... this is BAD.

BNM has a lot to explain to avoid panic.
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QUOTE(Hansel @ Nov 17 2016, 07:25 PM)
Maybe by tomorrow morning, full capital controls already...
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No wonder this was mentioned while we were feeding kangaroo's last week.
bbgoat
post Nov 17 2016, 10:03 PM

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QUOTE(AVFAN @ Nov 17 2016, 09:55 PM)
buy USD with RM now?

.. fed 98% will hike on dec 14.
.. will keep up the pressure and hike again in 2017.
.. trump not even sworn in but will fulfill at least of couple of promises - inflationary, good for biz.
.. $ will continue to retreat from EM, esp the weak ones.

.. oil price rising due to russia, saudi, iran taking turns to talk it up - maybe until D-Day Nov 30 - will OPEC/Russia deliver?
.. failure to deliver or deliver short will mean crude back to <40.

.. there WILL be surprises.

i just hold my $ close to my chest for now. tongue.gif
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Those parents in need of USD for Jan 2017 will have to cough out more RM ! Buy now before 4.8 ??
bbgoat
post Nov 18 2016, 08:27 AM

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QUOTE(nexona88 @ Nov 17 2016, 11:43 PM)
really pity those parents  cry.gif

yup. can buy now..

I don't expect MYR to be stronger anytime soon.. most likely be more weaker..

so u cannot go wrong then buying now  dry.gif
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Initially planning to buy early Jan, now have to make some switches. Sell FP or terminate FD placed earlier ? bruce.gif

I think have to really think seriously of getting some foreign currency profile ! biggrin.gif




bbgoat
post Nov 18 2016, 09:52 AM

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QUOTE(limeuu @ Nov 18 2016, 08:32 AM)
Isn't this a bit late?.... especially if you know you have foreign currency needs way in advance?....

I hedged children's education needs 5 years ahead, during my time....
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It is never too late. I have already set aside a sum for the education need. So long as it is not breached, I do not have much concern. Except coughing out more dough and less dough for retirement. biggrin.gif

QUOTE(jack2 @ Nov 18 2016, 08:37 AM)
If you sell off FP or FD and switch to currency for investment or speculative purposes, it is not worth.
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QUOTE(nexona88 @ Nov 18 2016, 08:52 AM)
Well if compare FP ASx & FD directly in MYR situation.. Then I pick FD.. But if u feels not worth to hold any MYR asset class. Then withdraw both devil.gif
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I am actually not asking for advice as already know what to be done. Thanks anyway ! biggrin.gif

This post has been edited by bbgoat: Nov 18 2016, 09:53 AM
bbgoat
post Nov 25 2016, 01:58 PM

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QUOTE(AVFAN @ Nov 25 2016, 01:06 PM)
aromachong will return very soon. biggrin.gif
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I was away for 1 week feeding kangaroo's. Was she in kangaroo land also and have not returned yet ?
bbgoat
post Nov 29 2016, 11:33 AM

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QUOTE(wil-i-am @ Nov 29 2016, 10:55 AM)
The price movement since tis Mon is very tight
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I hope it can maintain. I am holding out to buy the USD as original plan is to buy in early Jan. If not would have to terminate some FD placed early Nov. Have terminated some FD to buy the CIMB bonds earlier. Do not want to prematurely withdraw more Nov FD's.

So if the USD/RM can move within small range will just keep a tight watch on it. biggrin.gif
bbgoat
post Dec 2 2016, 05:20 PM

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QUOTE(nexona88 @ Dec 2 2016, 04:33 PM)
Onshore and offshore ringgit markets returning to normalcy
http://www.thestar.com.my/business/busines...ng-to-normalcy/

good news for MYR? hmm.gif
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I hope my holding back to buy USD now and waiting till early Jan is right move. biggrin.gif
bbgoat
post Dec 2 2016, 05:27 PM

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QUOTE(AVFAN @ Dec 2 2016, 04:40 PM)
will locals do these jobs?
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Malaysians are too choosy. 2 weeks ago I was in Australia and saw the locals doing like all the jobs there. Unlike Malaysia. Too much dependence on the foreign labour.

Talking about Australia, kind of miss the other person. But kind of sad, is the person for real or was as scolded by so many ?
bbgoat
post Dec 2 2016, 05:39 PM

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QUOTE(nexona88 @ Dec 2 2016, 05:22 PM)
can start batch by batch as I see already stabilized a bit  cool2.gif
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To do that have to open foreign currency account. Also terminate FD, no dough. devil.gif

Now really looking at investing in some foreign currencies including foreign retail bonds. Planning now for early Jan actions. rclxms.gif
bbgoat
post Dec 2 2016, 05:46 PM

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QUOTE(wil-i-am @ Dec 2 2016, 05:42 PM)
I tot u have open FCA dy
Anyway, it's not too late to open 1
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The bank will charge u if did not have minimum amount of foreign currency there. Quite heavy monthly charges. Have asked CB and UOB. How about local banks ?

Last time I just bought TT and send the USD over.

This post has been edited by bbgoat: Dec 2 2016, 05:47 PM
bbgoat
post Dec 2 2016, 05:57 PM

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QUOTE(prophetjul @ Dec 2 2016, 05:43 PM)
Why Jan?
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FD mature. So now planning, buy USD, local/foreign retail bond, ASNB FP, FD .................... biggrin.gif
bbgoat
post Dec 2 2016, 06:04 PM

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QUOTE(nexona88 @ Dec 2 2016, 05:58 PM)
which foreign currency & retail bonds u eying? hmm.gif
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Eyeing S$, A$. Still need to see RM's to gather more info. That include the Reverse REPO that CIMB RM told me about. @wil-i-am any update or PM me. biggrin.gif
bbgoat
post Dec 2 2016, 06:06 PM

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QUOTE(limeuu @ Dec 2 2016, 05:59 PM)
locals do all kinds of jobs, and get paid well for it....and generally, efficiency and productivity is high...

if you pay australian rates, locals will also do "all kinds of jobs"....
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Don't want to get into long debate on this. tongue.gif

But it is true the gap between job levels that discourage people in a way. biggrin.gif When I was in UK, those that sweep the streets wear ties. thumbup.gif
bbgoat
post Dec 3 2016, 05:08 PM

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QUOTE(wil-i-am @ Dec 3 2016, 04:58 PM)
RM expected to trade between 4.45 and 4.46 against USD next week
http://www.nst.com.my/news/2016/12/194046/...t-usd-next-week

Lets c whether any knee-jerk reaction on 5/12
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For me, I just hope for stability, if it cannot gain strength, at least to stay at current region. Till early Jan when I need to TT USD. biggrin.gif
bbgoat
post Dec 3 2016, 05:36 PM

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QUOTE(wil-i-am @ Dec 3 2016, 05:17 PM)
BNM officials r confident the latest rulings will calm n stabilize d market
Thus, your wish may come true  biggrin.gif
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I just hope the wish of some or prediction of those with crystal balls did not come true. The dreaded 4.8, or 5.0 ................... tongue.gif
bbgoat
post Dec 3 2016, 06:07 PM

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QUOTE(wil-i-am @ Dec 3 2016, 05:39 PM)
V can't discount RM5 mark yet as m not sure how trader/investor will react to the new rulings whem mkt open next Mon
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I am preparing to spring up for action if RM made sudden moves within next few weeks. biggrin.gif
bbgoat
post Dec 4 2016, 08:45 AM

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QUOTE(wil-i-am @ Dec 3 2016, 08:44 PM)
No need to wait for weeks as u may b able to catch some 'dead chicken' on Mon  brows.gif
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Am still going to wait for weeks. Let u have the honor of picking up the "dead chicken". devil.gif U should as a trader ! laugh.gif
bbgoat
post Dec 5 2016, 09:13 AM

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QUOTE(wil-i-am @ Dec 5 2016, 08:49 AM)
Bank Negara can deal with short-term volatility of ringgit
http://www.thestar.com.my/business/busines...ity-of-ringgit/

Time will tell whether MYR will stabilize or continue to depreciate
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For me, I am still taking a cautious watch moment. Lets see how it played out. But definitely not moving whatever I can out. biggrin.gif

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