Welcome Guest ( Log In | Register )

Bump Topic Topic Closed RSS Feed
11 Pages < 1 2 3 4 5 > » Bottom

Outline · [ Standard ] · Linear+

 USD/MYR v4

views
     
Hansel
post Nov 3 2016, 05:47 PM

Look at all my stars!!
*******
Senior Member
9,348 posts

Joined: Aug 2010
QUOTE(wil-i-am @ Nov 3 2016, 04:22 PM)
I placed by bet on HC to win the election which is gud for market
*
I would look at it in another way,... DT winning or creating a hoo-haa will depress stock prices for me to go in, because institutional investors would be forced to sell being in their SOP. Even if stock prices fall,... or if the USD falls if DT should win, I can say that the falls will not be long,... the mkt will come back up.

If stock prices don't retreat, we have no chance to go in,... I preferred DT to win, or at least create some hoo-haa if he loses,... let the world drop again,...

BUT,... I feel that there won't be much opportunity,.. even if news are bad lately, investors still held on to their holdings,... really, there is not much chance to go onto mkts anymore,...whatever windows or doors that open up will close very quickly,... that's what I noticed.

Back in 2007/8, the windows remained open for a very long time,... nd we had a lot of chance to think and think and evaluate again and again of a counter is good,... but in the last few years, not really anymore, if a bad news comes out,the mkt will drop, and the moment we start thinking, the prices have gone back up.

The doors have closed,....
Hansel
post Nov 3 2016, 11:35 PM

Look at all my stars!!
*******
Senior Member
9,348 posts

Joined: Aug 2010
QUOTE(AVFAN @ Nov 3 2016, 08:30 PM)
my read is this...

it's all a setup! laugh.gif

fed WILL hike on dec 14, usd keeps rising.

us markets will gyrate no more than a couple of hours, then move higher again.

becos of so much liquidity, so much cash now parked in bonds and cash waiting to pump up the equities.

they just need potus and fed issues out of the way, anyway.
but oil... what i read... opec talk-talk kings wont/can't do/agree anything, will just continue to try to talk it up, global surplus will swell... i will avoid this sector.

bottomline - no chance rm will strengthen from current position.
*
If the world sees the current world news that Msia will cooperate with China on a lot of things, then the MYR may rise,...
Hansel
post Nov 4 2016, 09:06 AM

Look at all my stars!!
*******
Senior Member
9,348 posts

Joined: Aug 2010
QUOTE(AVFAN @ Nov 4 2016, 01:06 AM)
those projects will take a long time to materialize; some don't even have feasibility studies yet.

and when they start... will china bring in the cash or do ipo's one by one at bursa to get epf and the rest to fund them?! tongue.gif
*
thumbsup.gif Good morning, bro,... true in your words,.... I am aware too,...

BUT......I'm not really concerned with what happens in future, I am more keen to see these words and forward-looking statements bring back confidence to our RM so that our RM can strengthen. So that worldwide institutional investors will come back to MY now. So that,......................the RM can strengthen sufficiently to give me a chance to exit.

I, for one, needs money overseas now, because of the impending US Elections,... to buy more.

Our leader has great words and great tactics, I must say,... I hoped his current tactics work these few weeks.
Hansel
post Nov 4 2016, 01:43 PM

Look at all my stars!!
*******
Senior Member
9,348 posts

Joined: Aug 2010
QUOTE(bbgoat @ Nov 4 2016, 12:40 PM)
Ms, 4.5 by this year end ?  cry.gif  cry.gif I need to buy again by Dec end !

By the way, yesterday bought some Aussie dollar to feed the kangaroo's from money changers at 4.205biggrin.gif
*
Hi bro,... AUDMYR at 4.205 ? Isn't it 3.205 ??
Hansel
post Nov 4 2016, 02:15 PM

Look at all my stars!!
*******
Senior Member
9,348 posts

Joined: Aug 2010
QUOTE(bbgoat @ Nov 4 2016, 01:52 PM)
My bad, typo. Should be 3.205. Noticed today the xe.com showed it went UP further !  biggrin.gif
*
Yeah,... the ridiculous RM weakened again today,....
Hansel
post Nov 5 2016, 12:18 PM

Look at all my stars!!
*******
Senior Member
9,348 posts

Joined: Aug 2010
QUOTE(AVFAN @ Nov 4 2016, 08:33 PM)
not ridiculous at all.

bent on wasting/pocketing money; falling oil price; almost zero actual new investments, incr borrowings; gangsters running around the city...

if that can drive a currency up, pigs can fly.
*
Yeah,.. unfortunately,....

I think for the coming elections, people who wish to vote for the opposition may not be able to come out and vote also.
Hansel
post Nov 6 2016, 02:04 PM

Look at all my stars!!
*******
Senior Member
9,348 posts

Joined: Aug 2010
QUOTE(nexona88 @ Nov 5 2016, 08:54 PM)
If Saudi do increased output, then myr gg lor..
Gomen revenue also low.. Then can give excuse to raise gst rate devil.gif
*
Hmm,... not much chance for the MYR to appreciate then in the near term,... lousy currency,.... glad I moved a lot out last year at this same time around November, December 2015, when there was news about the expiration date of the Fixed Price status of the ASX FP funds. If that news did not come, I would have just let my funds remained in the ASX FP funds, and kept on investing using my foreign currencies.

Right move then,....
Hansel
post Nov 11 2016, 10:08 AM

Look at all my stars!!
*******
Senior Member
9,348 posts

Joined: Aug 2010
I suspect possible OPR Cut by BNM soon,...
Hansel
post Nov 11 2016, 05:32 PM

Look at all my stars!!
*******
Senior Member
9,348 posts

Joined: Aug 2010
The day has finally come,... we must diversify our currency holdings,....
Hansel
post Nov 11 2016, 05:53 PM

Look at all my stars!!
*******
Senior Member
9,348 posts

Joined: Aug 2010
QUOTE(CKKwan @ Nov 11 2016, 05:34 PM)
Shit banks in Singapore also did the same, buying at 4.25, selling at 4.5 sad.gif
*
Meaning the SG banks are selling USD for RM at 4.50, and buying USD with RM at 4.25 ?
Hansel
post Nov 11 2016, 05:54 PM

Look at all my stars!!
*******
Senior Member
9,348 posts

Joined: Aug 2010
QUOTE(prophetjul @ Nov 11 2016, 05:41 PM)
Desparation calls for desparate measures
*
Nobody would want to buy our bonds anymore in future !!!!!!!!!!!! Money can get stuck,....
Hansel
post Nov 11 2016, 05:59 PM

Look at all my stars!!
*******
Senior Member
9,348 posts

Joined: Aug 2010
Could it be possible that after capital controls are uplifted, the RM will strengthen instead ???
Hansel
post Nov 11 2016, 06:04 PM

Look at all my stars!!
*******
Senior Member
9,348 posts

Joined: Aug 2010
QUOTE(CKKwan @ Nov 11 2016, 05:58 PM)
Yes
*
This is the offshore rate,... hence, logically, if we are able to buy USD INSIDE Msia, and then use this USD outside of Msia, it would be better than to convert RM into USD outside of Msia.

BUt,... I'm sure no one would want to chg USD into us inside Msia now,... money-changers would close their doors already,....
Hansel
post Nov 11 2016, 06:23 PM

Look at all my stars!!
*******
Senior Member
9,348 posts

Joined: Aug 2010
QUOTE(CKKwan @ Nov 11 2016, 06:07 PM)
This is true only if you wish to buy USD.

But if you wish to sell USD and buy RM. SGP also fixed it at 4.25 or 4.26 (plus processing fee). That is really a ripoff
*
Yes Kwan,... you are right as per highlighted. Then again, no holder of the USD would be selling back the USD to any money-changer inside Msia. Who would want to let go of the USD now ?? Whether inside or outside of Msia ?

There is NO ann't of capital controls, and certain financial instruments are still able to proceed, but this process is nonsensical, bonds are not redeeamable back to the original currency, and spot trades MUST follow our levels,...yeah, sure, can still go,.. but not following worldwide levels,... this is bs, man,....

I am overseas now,.... I will take immediate steps now to protect myself,...
Hansel
post Nov 11 2016, 07:05 PM

Look at all my stars!!
*******
Senior Member
9,348 posts

Joined: Aug 2010
QUOTE(AVFAN @ Nov 11 2016, 06:54 PM)
biggrin.gif righto! thumbup.gif

this BNM bs is a stop-gap measure, a desperate attempt to calm fears.

hopefully bring the RM to an "acceptable" rate.

at the end of all this, we will have to accept what the world think the RM is worth - higher or lower - given our gdp growth, trade balance, debt levels, illicit funds outflow, corruption tolerance, etc...
maybe someone will start a poll... 3.0, 3.5, 4.0, 4.5, 5.0...??

whatever, i think i will go grocery shopping big time tmrw... hope the stores have not raised prices already for my fav meats. tongue.gif
*
Yeah,....

The questions now then :-

1) When will BNM lift this stop-gap measure and go back to normal business ?

2) What happens to the RM when the stop-gap measure is lifted ?

Just occured to me,... probably BNM will lift this when he thinks the RM will strengthen,... right ? BUt when will this day come ??
Hansel
post Nov 12 2016, 09:52 AM

Look at all my stars!!
*******
Senior Member
9,348 posts

Joined: Aug 2010
Have not captured any news abt Latin American emerging mkts roiling during the US session,... their mkts and currencies seems more resilient than ours,....
Hansel
post Nov 12 2016, 10:18 AM

Look at all my stars!!
*******
Senior Member
9,348 posts

Joined: Aug 2010
QUOTE(KTCY @ Nov 11 2016, 10:36 PM)
so don't sell USD and wait ? unsure.gif
*
That's right ! Hold-on to yr USD, and better still, invest it,.... go into US Assets NOW, asap !!!!!
Hansel
post Nov 12 2016, 10:23 AM

Look at all my stars!!
*******
Senior Member
9,348 posts

Joined: Aug 2010
During the US session last night, the MYR recovered,....
Hansel
post Nov 12 2016, 10:30 AM

Look at all my stars!!
*******
Senior Member
9,348 posts

Joined: Aug 2010
Not that I am always advocating for the Singapore Dollars, but certainty is very important for the majority of us,... not the punters and the speculators, of course,...

This article proves it. The incident yesterday stands for this thinking of mine, gentlemen,.. : http://www.thestar.com.my/news/nation/2016...over-positions/
Hansel
post Nov 12 2016, 12:57 PM

Look at all my stars!!
*******
Senior Member
9,348 posts

Joined: Aug 2010
QUOTE(AVFAN @ Nov 12 2016, 11:54 AM)
This issue has been discussed and hammered a hundred times here. biggrin.gif

Yes, keeping fx idle is a bad idea unless it is small amount and/short term.

The 3-4% pa int is fine but when u get a 5% pa depr against another currency, it starts to look miserable.

It also about when u do something and the duration; no instant magical cepat kaya.0

Consider SG reits which are fairly stable, cheaper now due to rising us bond yields.

Many people here been doing for a long time, check the sgreits thread.

Cap gain, dividends and fx gain grossed 12-15% pa in the last few years.

Nobody knows the future, but i still see that as a great choice among all choices at this time.
*
QUOTE(xpmm @ Nov 12 2016, 12:08 PM)
oh really? ok i ll check it out, thanks thumbsup.gif
*
Never recommended to check my thread : SGX Counters ? biggrin.gif biggrin.gif

Sad,... nobody reads my deep thought in my writings,... biggrin.gif

11 Pages < 1 2 3 4 5 > » Top
Topic ClosedOptions
 

Change to:
| Lo-Fi Version
0.0245sec    0.40    7 queries    GZIP Disabled
Time is now: 3rd December 2025 - 10:35 PM