QUOTE(bbgoat @ Aug 9 2016, 07:59 PM)
Did they say when they will meet, any date ?
An informal meeting of OPEC member countries is scheduled to take place on the sidelines of the International Energy Forum in Algeria from Sept. 26-28USD/MYR v4
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 Aug 9 2016, 08:02 PM
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#41
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24,453 posts Joined: Nov 2010 
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Aug 10 2016, 02:01 PM
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#42
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All Stars
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QUOTE(bbgoat @ Aug 10 2016, 01:08 PM) Is something supporting RM ? not really. it's usd falling after poor economic data last night. markets now factoring in <50% for rate hike by year end. every currency is up >0.5% against usd today. taiwan $ and korean won big gainers, >1% gain. same old factors - oil, rate hike, economy... for the $. |
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Aug 10 2016, 07:57 PM
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#43
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QUOTE(bbgoat @ Aug 10 2016, 05:46 PM) Oh shxx. Hope its inventory is LOW ! If not will affect RM tomorrow ! check int' news like cnbc after 10.30pm. get prepared for buying or not buying!  an appetizer: QUOTE API Reports Biggest Crude Oil Build in 3 Months, Significant Gasoline Draw http://oilprice.com/Latest-Energy-News/Wor...oline-Draw.html however, api estimates and official eia data often clash. hence the volatiliy. enjoy the data.  |
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Aug 10 2016, 11:32 PM
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#44
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QUOTE(bbgoat @ Aug 10 2016, 10:29 PM) Crude oil price going up. Bodes well for RM ! 10.29pm, data was not out then.  us crude stocks up, saudi record output. crude price dropping fast. rm will be back to 4.0x tmrw, my take. This post has been edited by AVFAN: Aug 10 2016, 11:40 PM |
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Aug 11 2016, 10:31 AM
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#45
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QUOTE(bbgoat @ Aug 11 2016, 08:34 AM) Oh oh, no shxx, then have to buy TODAY ! chances are crude will slide further in the next few days. also, $ has been "sanguine" - if it strengthens, worse for crude and RM. |
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Aug 11 2016, 03:54 PM
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#46
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QUOTE(bbgoat @ Aug 11 2016, 03:34 PM) OK guys, bought and settled the buying of USD today. buying USD as 4.036.Before going saw the USD rate moving up. Withdrew out the MBB GIA-i amount and xfer to CB. Just minutes to receive it in CB acct using RENTAS. Really FAST !! Went to CB Citigold centre. Was told their rate is 4.0445. Asked for better rate for Citigold customer. They called their treasury and minutes later said best rate 4.036. So settled at that rate. CB premium for TT is about 3 cents from what I see in the past. Anyway this is much better than the 4.45 rate that I paid for in Jan. Difference of >RM10k for the same USD !!! Shxx ! any chance u asked what was the selling rate? just trying to see the spread of this bank center. |
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Aug 12 2016, 02:26 PM
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#47
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QUOTE(bbgoat @ Aug 12 2016, 01:04 PM) Crude oil price went up even higher at 43.49. yes, that is due to saudi talking up the price with "we may discuss at next opec meeting".but that oil support for rm is offset by a strong $ after some fed guy said last night rate hike "soon" is still realistic. also, rather weak gdp nos.... Malaysia’s economy grows 4.0pct year-on-year in Q2 This post has been edited by AVFAN: Aug 12 2016, 02:29 PM |
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Aug 18 2016, 07:55 PM
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#48
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QUOTE(wil-i-am @ Aug 18 2016, 05:54 PM) Trading of MYR is within tight range today ranging from 3.98xx to 3.99xx i am a little surprised the rm has not done better as crude price gained 20% in <2 weeks.that is, as suspected, due to crude having only significant impact within a certain price range. outside that, it's more about gdp, foreign $, mgs yields, etc. one thing if i m not mistaken - dow making record highs almost every day, yet bursa is dead-dead.. correct? |
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Aug 19 2016, 11:30 AM
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#49
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QUOTE(aromachong @ Aug 19 2016, 11:22 AM) it'd be really a miracle if we could see it heading north up to 3.0x hahaha... oh no im on weeds lol no... to get to 3.0x, the whole gomen, the whole country need to be on weeds. so that everyone forgets about borrowing, songlap, stealing, waiting for cash to drop. but concentrate on hard work, production and exports. definitely need very strong weeds for that.  |
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Aug 19 2016, 01:34 PM
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#50
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can someone who's now trying to open uk, eu, sg bank account confirm this?
if so, another blow to the rm. QUOTE “It’s next to impossible for a Malaysian – especially non businessmen – to open an account in the UK or Europe for children staying there,” said one. “Now, over the past several weeks, even Singapore, where you could walk in and open an account, has tightened screws and a Malaysian would have to jump through fifty hoops to open one.” Full article: http://www.malaysia-chronicle.com/index.ph...2#ixzz4HkmCyGtS Follow us: @MsiaChronicle on Twitter |
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Aug 22 2016, 02:12 PM
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#51
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QUOTE(wil-i-am @ Aug 22 2016, 01:26 PM) Dollar Rises on Hawkish Fed Comments as Stocks, Commodities Fall that, and yellen due to speak on fri.http://www.bloomberg.com/news/articles/201...ocks-seen-mixed plus oil price rise overblown due to bulls frenzy over just one saudi comment, now correcting after 20% gain. i think rm will touch 4.1 again in the next few days, but not much more. |
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Aug 25 2016, 11:54 AM
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#52
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something may come out of this in the next few months.
to keep putarjeya's unrelenting spending/songlap habits, not much $ from petronas. so, either borrow more or raise gst. what happens to rm then? QUOTE Malaysia’s Petronas Posts 96% Profit Drop on Lower Oil Price While Petronas has said that it may need to raise debt and tap its cash reserves to cover spending and dividend payments to the government, no debt-raising has been planned so far, Chief Financial Officer George Ratilal said Monday. http://www.bloomberg.com/news/articles/201...ower-oil-prices |
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Aug 30 2016, 12:08 PM
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#53
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QUOTE(wil-i-am @ Aug 30 2016, 11:37 AM) I foresee it could depreciate to 4.10 level if Janet decided to hike rate in Sep the hawkishness of the vice chair sent markets pricing in a rate hike for sep.all be depend on fri's jobs report. if it's good enough for fed, the market will price in to the full. so, yes, 4.08-4.1 is likely then. but if the report is not good enough, we'll see 3.99-4.01 again. |
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Aug 31 2016, 08:36 PM
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#54
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QUOTE(bbgoat @ Aug 31 2016, 08:07 PM) But looks like will go down further. Some analyst (haha, quoting them) said Sept 4.10 to 4.15 region, something like that. sure or not? just 2 months ago... QUOTE Brexit Could See Ringgit Rising To RM4 Per Pound - Economist By Mohd Khairi Idham Amran KUALA LUMPUR, June 24 (Bernama) -- Britons' decision to leave the European Union (EU), the so-called Brexit, could prove beneficial for the ringgit as some expected the local currency to strengthen up to RM4 against the British pound. At 2pm, the ringgit was quoted at 5.6249/6503 against the pound sterling, firming from yesterday's close of 5.9342/9465. MIDF Research economist, Izzuddin Yussof, said the impact to the financial front would be minimal if the world's fifth largest economy decided to remain in the EU as it would instead help improve sentiment and boost financial market..... uk pound now 5.355, ya still got chance for 4.0. |
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Aug 31 2016, 08:42 PM
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#55
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QUOTE(zacknistelrooy @ Aug 31 2016, 08:34 PM) Now approaching 4.09 (4.088). adp jobs report just give fed ammo.fri report will seal the rate hike question. either way, we will then know the short-mid term direction. if doing usd->rm, wait for fri, then act the following week. ringgit... weak gdp, int rate cut, ballooning debt, billions stolen, low oil price, few investing... if it can strengthen, better burn all economic theory books. |
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Sep 1 2016, 01:52 AM
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#56
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QUOTE(nexona88 @ Sep 1 2016, 12:15 AM) it's really unexpected move based on crude prices, aug 1 should have seen 15 sen drop but didn't. I target up 10c sep 1 should go up by 10 sen. maybe some power fella got scolded and forced to redeem the "mistake". or maybe it's just the refinery-refined products-crude price lag...? anyway, crude price dropped 3.5% tonight, rm near 4.09. saudi man need to say a few words again to talk it up... like, "we may seriously discuss..." |
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Sep 1 2016, 08:37 PM
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#57
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QUOTE(wil-i-am @ Sep 1 2016, 08:18 PM) MYR just broke 4.10 mark n trading at 4.10xx now a couple of sinister sites forecasting 4.5 by end sep.do wat u need to do. |
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Sep 1 2016, 08:54 PM
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#58
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QUOTE(bbgoat @ Sep 1 2016, 08:46 PM) 4.5 ? U believe that ? let's say i am prepared for it. |
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Sep 1 2016, 09:37 PM
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#59
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QUOTE(nexona88 @ Sep 1 2016, 09:03 PM) What happen to 3.80 by year end well... 3.80 is from mars, 4.5 is from venus. gone by the wind.. Masuk longkang where do u come from? |
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Sep 1 2016, 09:58 PM
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#60
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QUOTE(nexona88 @ Sep 1 2016, 09:53 PM) hmm I come from bolehland ah, this one says 3.0. |
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