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 USD/MYR v4

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TSwil-i-am
post Sep 16 2016, 09:06 PM

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QUOTE(zacknistelrooy @ Sep 16 2016, 09:00 PM)
Just touched 4.151 due to good US data.
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If WTI Crude break 43 support level, all hell breaks loose
TSwil-i-am
post Sep 17 2016, 07:35 AM

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QUOTE(zacknistelrooy @ Sep 16 2016, 10:19 PM)
Still looks like it is having trouble in the 4.15 4.16 range, breaks over that and 4.20 may come easy.
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The resistance at 4.15/4.16 is rather strong as some Ppl blif it's under value
TSwil-i-am
post Sep 17 2016, 07:36 AM

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Wondering wat is the direction next week?
TSwil-i-am
post Sep 18 2016, 08:54 PM

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QUOTE(csting87 @ Sep 18 2016, 07:56 AM)
Going to south.
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Possible to say Hello @ 4.20?
TSwil-i-am
post Sep 18 2016, 09:17 PM

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QUOTE(bbgoat @ Sep 18 2016, 09:04 PM)
Each of us has its own wish for USD !  whistling.gif
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In fact, it's tough to balance between wish n reality
TSwil-i-am
post Sep 18 2016, 10:19 PM

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PBOC Yuan Positions Drop to Lowest Since 2011: Chart
http://www.bloomberg.com/news/articles/201...tion-sign-chart

If PBOC devalue RMB, MYR will tango too
TSwil-i-am
post Sep 18 2016, 10:21 PM

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QUOTE(AVFAN @ Sep 18 2016, 10:17 PM)
u mean put yr money using the head or the heart?

easier to use the heart, more difficult to use the head! biggrin.gif
higher inflation is what the fed is looking for.

i will go with the market - no hike in sep but in dec.

so, >4.2 should come in dec.

to avoid that, putrajaya need to hike gst, raise int rates, produce a handsome budget and stop borrowing - almost impossible for all of that. tongue.gif
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Perhaps, v shld short USD n long stock market next week
TSwil-i-am
post Sep 20 2016, 09:12 AM

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QUOTE(AVFAN @ Sep 19 2016, 11:30 AM)
today, rm gained.

becos opec says maybe deal coming, so oil price up 2%.

whether action or just talk, wait sep 27-28.

fomc meeting sep 21-22, rate hike or not.

so, if no rate hike and opec deal, rm will likely get to 4.0x.

if rate hike and opec no action, likely 4.2x.

if one happen, the other nothing, stay 4.1x.

place yr bets! laugh.gif
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I bet on 4.2x
TSwil-i-am
post Sep 20 2016, 09:14 AM

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Trading in a tight range from 4.13xx to 4.14xx
TSwil-i-am
post Sep 20 2016, 09:03 PM

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QUOTE(AVFAN @ Sep 20 2016, 03:35 PM)
i'll bet on that too, by dec.

low chance of fed hiking rate in sep but it will come in dec.

oil...

10% oversupply, stocks will continue to build into 2017.
http://www.cnbc.com/2016/09/19/oil-prices-...ersupplied.html

and opec's cry wolf will not work anymore.
http://www.cnbc.com/2016/09/19/cramer-ridi...ate-prices.html
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Oil have broken USD43 mark n trading @ 42.77 now
Xpect more production by OPEC members to cover their opex


TSwil-i-am
post Sep 20 2016, 09:21 PM

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QUOTE(AVFAN @ Sep 20 2016, 09:17 PM)
probably.

there was one analyst who predicted opec will do nothing but talk price up and keep pumping more.

until they all find themselves in a bind, hopeless, forced to agree to cut production, not "freeze".

and that happens only when crude price goes to <30 again. biggrin.gif

will he be right?
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In fact, US is quietly pumping too by leveraging on their so-call technology
TSwil-i-am
post Sep 21 2016, 09:30 PM

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QUOTE(zacknistelrooy @ Sep 21 2016, 12:58 PM)
MYR at 4.163 and looking to test 4.17.

BOJ press conference at 2.30 p.m.
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MYR have calm down n trading @ 4.137x now
TSwil-i-am
post Sep 22 2016, 09:46 AM

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MYR appreciated today n trading @ 4.116x now
TSwil-i-am
post Sep 22 2016, 09:57 PM

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QUOTE(KTCY @ Sep 22 2016, 08:33 PM)
I sold half my USD @ 4.115 (holding hard cash USD so the rate bank offer sad.gif ) yesterday and today DCA it with 4.08 laugh.gif
Hopefully gain some here laugh.gif
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Y u didn't release when it touch 4.15?
TSwil-i-am
post Sep 22 2016, 09:58 PM

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Awaiting MYR to touch 4.05 b4 replenish
TSwil-i-am
post Sep 22 2016, 11:19 PM

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QUOTE(KTCY @ Sep 22 2016, 11:08 PM)
because i'm holding hard cash in bank acc. and bank wont offer 4.15 right ?
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It depends on your relationship with them
TSwil-i-am
post Sep 23 2016, 11:35 PM

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QUOTE(KTCY @ Sep 23 2016, 12:29 AM)
I think my relationship with them not that strong yet. Not a big holder sad.gif
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U can build d relationship slowly
TSwil-i-am
post Sep 23 2016, 11:48 PM

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I presume 4.10 is the temporary range now despite feel gud factors
TSwil-i-am
post Sep 24 2016, 11:26 AM

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QUOTE(bbgoat @ Sep 24 2016, 08:10 AM)
I would love 3.95............................. wink.gif

https://www.malaysiakini.com/news/356455
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If u have the patience, u can sit down n wait tongue.gif
TSwil-i-am
post Sep 24 2016, 11:27 AM

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WTI Crude Oil tumble 4%
Expect volatility for MYR next week

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