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 USD/MYR v4

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nexona88
post Dec 1 2016, 06:25 PM

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QUOTE(AVFAN @ Dec 1 2016, 06:22 PM)
we see what 2017 will bring.

not good for rm according to goldman:
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cry.gif cry.gif cry.gif

if no intervention, 5.00 confirm console.gif
nexona88
post Dec 1 2016, 06:42 PM

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The Malaysian Ringgit is expected to trade at 4.43 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 4.57 in 12 months time.

http://www.tradingeconomics.com/malaysia/currency/forecast

hello it's already trading 4.46 now.. buta kah laugh.gif
nexona88
post Dec 1 2016, 06:44 PM

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according to Forecasts..

year 2020

1USD = 5.27 MYR devil.gif
nexona88
post Dec 1 2016, 06:56 PM

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well what I know most Sukuk / MGS is bought by those locals funds like EPF, KWAP and others.. sure they will "support" devil.gif
nexona88
post Dec 1 2016, 07:09 PM

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Ringgit will not crash, says economist
http://www.themalaymailonline.com/money/ar...-says-economist
nexona88
post Dec 1 2016, 07:18 PM

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QUOTE(lowya @ Dec 1 2016, 07:16 PM)
i hope they never said trump will never be president too.
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well they did directly said that..

it more like hard to be president.. tough competition cool2.gif
nexona88
post Dec 1 2016, 08:51 PM

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QUOTE(lowya @ Dec 1 2016, 07:50 PM)
and please pray that they are not consistently wrong in their forecasting.
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Well no one if perfect in their forecasting..
Not like got crystal balls to see the future laugh.gif
nexona88
post Dec 1 2016, 09:08 PM

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QUOTE(AVFAN @ Dec 1 2016, 08:06 PM)
analysts and forecasters do what they do for a job or an income.

that's just what it is - predictions, nothing more.

that guy, he's the owner of his own firm, said this 6 and 9 months ago:
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+1
May cari makan lor...
nexona88
post Dec 1 2016, 09:38 PM

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Despite the news myr still floating around 4.46/4.47 devil.gif
nexona88
post Dec 1 2016, 09:45 PM

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XE rate state 4.46/4.47

Bnm one confirm 4.46 laugh.gif
nexona88
post Dec 2 2016, 08:58 AM

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QUOTE(danmooncake @ Dec 2 2016, 01:10 AM)
Yes, I noticed that too. It's been flat since late last week.
Invisible hands working to support and not letting it fly either.

Maybank OTC rates for Buy/Sell spread quite high.
Must be making a lot of money now.
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Well it's know fact bnm is interfering..but without using foreign reserved.. The reserved is stable & instead went up..

Well banks spread always high.. That's why we goes to moneychangers...
nexona88
post Dec 2 2016, 09:23 AM

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QUOTE(AVFAN @ Dec 2 2016, 09:14 AM)
that will take some special clandestine skill, doesn't it?! biggrin.gif
anyway, speculation is this bank has given up becos "can buy, cannot sell".
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Wah citi have given up..
Wow just wow..
I presume others will follow too?? hmm.gif
nexona88
post Dec 2 2016, 10:32 AM

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QUOTE(Hansel @ Dec 2 2016, 10:15 AM)
The Constitutional Referendum in Italy will be held this Sunday,... if Italian lawmakers choose to exit the EU, will this hammer the RM down further ??
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What's your take on this issue?
Will Italy also be exiting the EU??
Most of us are wrong for previously on Brexit blush.gif
nexona88
post Dec 2 2016, 12:20 PM

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QUOTE(danmooncake @ Dec 2 2016, 11:43 AM)
I don't think there is anything to worry about esp EU country like Italy.
The trades there over there is so little compare to China, US, Singapore and other neighboring countries.

But, BNM action on currency trading by foreign banks are worrying.
If they all start to exit, then no wants want to do business in Malaysia anymore.
The declining Ringgit could get trap in death spiral.  hmm.gif
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Well seems like ringgit is so damn week..
Everything also got negative effect doh.gif
It gonna be pariah currency like some says bangwall.gif
nexona88
post Dec 2 2016, 02:01 PM

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QUOTE(shankar_dass93 @ Dec 2 2016, 12:57 PM)
I foresee it to reverse the gains made today next week due to the speculation of the Feds rate hike. It's safe to say that if the Non Farm Payroll and Unemployment rate that would be released today is positive, then the market should be pricing in for a rate hike on the 13th/14th December, right ?
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Well I guess so..
Let's see how later blush.gif
nexona88
post Dec 2 2016, 04:33 PM

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Onshore and offshore ringgit markets returning to normalcy
http://www.thestar.com.my/business/busines...ng-to-normalcy/

good news for MYR? hmm.gif
nexona88
post Dec 2 2016, 04:38 PM

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QUOTE(Showtime747 @ Dec 2 2016, 01:18 PM)
Not so fast to conclude. Our national paper article explain differently....

http://www.thestar.com.my/business/busines...f-its-business/
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ooh they got another license.
then correct to give up 1..
okay. they still operating in Labuan rclxms.gif thumbsup.gif

thanks for the link smile.gif
nexona88
post Dec 2 2016, 05:22 PM

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QUOTE(bbgoat @ Dec 2 2016, 05:20 PM)
I hope my holding back to buy USD now and waiting till early Jan is right move.  biggrin.gif
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can start batch by batch as I see already stabilized a bit cool2.gif
nexona88
post Dec 2 2016, 05:58 PM

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QUOTE(bbgoat @ Dec 2 2016, 05:39 PM)
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
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which foreign currency & retail bonds u eying? hmm.gif
nexona88
post Dec 2 2016, 06:05 PM

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QUOTE(bbgoat @ Dec 2 2016, 06:04 PM)
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
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I see news got SG saving bonds something like that? hmm.gif

opening January

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