MYR is the worse performer..
Even higher oil price cannot help

Quote from BNM
Opening price @ 9am : 4.4645 on 30/11
Opening price @ 9am : 4.4655 on 1/12

Tis proof tat bau for M'sia despite OPEC cut production

Just shows how much CONfidence the debtors have in the Ringgit

Its could be because of bnm interference too.
No wonder rate so stable.. Yesterday & today opening same only..

Quote from Bloomberg today:

Malaysia’s ringgit -- which typically moves in line with oil prices given the country is Asia’s only major net crude exporter -- was little changed as the dollar’s revival canceled out gains from the OPEC deal

it does look to me bnm is intervening, buying and selling to keep it 4.45- 4.50, not higher, not lower.

if so, where is the chance to strengthen?!


it all goes back to what can strengthen the RM.

zilt, nothing at this time.

even power mouths are repeating again and again "all external, can't control, not too bad".

so, i think we now have a new norm - 4.5.

for now, the show is over, everyone can now go home and do what they do with a stable exchange rate.

ok also!

This post has been edited by AVFAN: Dec 1 2016, 11:25 AM

Actually it good that bnm interfering..
The rate is stabilize..
No more shock looking the rate movement..

The current 10 yrs MGS yield of 4.35% is simply irresistible for foreigners

Why I got feeling non OPEC members would instead increase production to ride on the price.

This post has been edited by nexona88: Dec 1 2016, 11:30 AM

Yeah
BUT, are they biting?

Bro,... you're talking abt me ....

If you compare yesterday's graph with today's graph, it is strengthening,...I'm trying to scrape every single unit of strength of RM can muster,.. I'm literally 'counting beans', bro,....every single strength, if I sense the momentum is dropping, I will sell already,...

I'm not hoping for last month's level anymore !

Based on current High yield, it looks like investor is selling
Having said tat, another group of investors may think otherwise

The RM troughed down early this morning and immediately re-spiked up !!! The cross-currencies have been slower in responding,... This is the time for us to buy-in,.. eg the AUD.

https://finance.yahoo.com/chart/MYR%3DX#eyJ...nZSI6IjVkIn0%3D


Compare with the AUD here :-

https://finance.yahoo.com/chart/AUDMYR%3DX#...nZSI6IjVkIn0%3D

If you are keen to load-up on the USD, you have no window to re-act. However, if it's the AUD you are after,... then there is time to buy.

This post has been edited by Hansel: Dec 1 2016, 12:08 PM

Bro,
In fact u can perform cross currencies in order to hedge instead of direct 1 to 1

In zero sum game, any production cut by OPEC will benefit non OPEC production countries. Besides market price, OPEC doesn't have punishment power over cheating OPEC country. Like previous production cut agreement, this agreement will be short live.

Bro,... with this type of environment, you give 10% also nobody will buy the sovereign bonds. Asset prices are good now overseas,... better scrape all I can to convert out to buy overseas assets,............. and certainly before the doors are closed.

With DT as the world leader, many doors will be closed !

Bro,... I know that !!!!!!!!!!!!!!!! Why do you think I stayed up every night and keyed-in the movements into my program to monitor the momentum ? I buy the crosses, not the USD !!!!!!!!!!

I must learn from u now since u r sifu

...okay bro,.. no, I'm not !! I hope I can develop a good mathematical model only, then give to the world.

My ony fear is DT might U-Turn his plan in d eleventh hour as global financial markets have factor-in his action plan