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TSwil-i-am
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 Oct 23 2016, 11:20 PM
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QUOTE(Hansel @ Oct 23 2016, 01:23 PM) Hmm,.. you have a point there, bro,... hopefully not true,.. but can't rule out also,...  Edited by adding : I think I may have a way to know earlier tomorrow,.... if, early tomorrow morning, the signs say the MYR will strengthen, then can start going to the bank already,... I presume it will b too late the moment u notice the movement |
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TSwil-i-am
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Oct 24 2016, 08:18 AM
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QUOTE(Hansel @ Oct 24 2016, 05:19 AM) It won't be if I know first at this moment,... Wat is your plan now? |
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TSwil-i-am
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Oct 24 2016, 08:20 AM
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It seems 2017 Budget is neutral to MYR as it stays around 4.184x now
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TSwil-i-am
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Oct 24 2016, 09:18 AM
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Just below 4.18 mark now
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TSwil-i-am
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Oct 24 2016, 09:29 AM
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QUOTE(Hansel @ Oct 24 2016, 09:27 AM) Steady, steady,... Public Bank just released their rates :- 1) Bank Sell USD = 4.2490 2) Bank Sell AUD = 3.2480. The bank is not giving much reductions compared to last Friday.... If u want a gud rate, go straight to their Treasury Dept directly |
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TSwil-i-am
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Oct 24 2016, 10:00 AM
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QUOTE(Hansel @ Oct 24 2016, 09:52 AM) If the counter rate is not low enough, their Treasury rate will not drop near to the interbank rate too,... Incorrect as counter rate is for mass market |
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TSwil-i-am
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Oct 24 2016, 10:12 AM
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QUOTE(Hansel @ Oct 24 2016, 09:59 AM) As we speak,... 1) USDMYR = 4.1823, 'jumped' back up momentarily,... 2) AUDMYR = 3.1764, more than 100 bps lower than last Friday close,.... Money-changers would be starting to release their quotes soon,.. Frankly, for this morning, my experience tells me they won't give anything different from what they gave last Friday.. I am open to correction,... please, any bro or sis observed differently, let me know.. Money changers tend to follow Reuters rate plus small pips |
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TSwil-i-am
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Oct 24 2016, 10:15 AM
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QUOTE(Hansel @ Oct 24 2016, 10:13 AM) OK,... Let's take out current scenario,... say for Maybank, say for the AUD :_ Interbank rate = AUDMYR = 3.1764. Maybank's counter rate = 3.2440. The difference in the above is 676 basis points. How close to the Interbank rate do you think a rate given by Maybank's Treasury Dept can reach ? Around 50 to 100 bps |
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TSwil-i-am
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Oct 24 2016, 11:23 AM
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QUOTE(Hansel @ Oct 24 2016, 10:48 AM) Tq,... therefore, if Maybank's counter rate is, as per now, 3.2440, I could probably get a maximum 'discount' of 3.2340 if I called Maybank Treasury. .... Money changer last night was at 3.2150. Nope 50 to 100bps is premium to interbank rates Having said tat, u can nego with Treasury if u have the means  |
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TSwil-i-am
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Oct 24 2016, 11:24 AM
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Touch intra day Low of 4.17xx today
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TSwil-i-am
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Oct 24 2016, 02:23 PM
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QUOTE(Hansel @ Oct 24 2016, 12:49 PM) Up till now, sad to say.... I really don't see any sign that the MYR will appreciate sufficiently for us to 'exit',.... So, Budget got no 'juice' for the MYR this year,.... Lousy,.... There is not enuf 'push' in the 2017 Budget |
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TSwil-i-am
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Oct 24 2016, 02:34 PM
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QUOTE(zacknistelrooy @ Oct 24 2016, 02:30 PM) Offshore yuan at a 6 year low today and China's ruling party starts 4-day meeting so Ringgit may trade sideways for the time being. Also US GDP on Friday too and a few FOMC members speaking this week. PBOC may come in to intervene by adjusting the 'reference point' lower which will pull down MYR |
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TSwil-i-am
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Oct 24 2016, 02:35 PM
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Key event to watch tonite include USD Manufacturing PMI
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TSwil-i-am
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Oct 24 2016, 02:50 PM
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Bank Negara may adjust OPR by 25 basis points as soon as 1Q2017, says AllianceDBS IB http://www.theedgemarkets.com/my/article/b...-alliancedbs-ib |
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TSwil-i-am
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Oct 24 2016, 04:28 PM
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After a long wait, MYR finally appreciated to 4.169x
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TSwil-i-am
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Oct 27 2016, 10:38 PM
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QUOTE(AVFAN @ Oct 27 2016, 07:50 PM) that is the main course. never mind the appetizer and dessert. have to agree - how can any currency strengthen given all that shizzz...  if a nation's currency can rise in a regime with mega money disappearing, borrowing to the hilt, free money for voters and majority approving/not minding it, there can be no poor nation on the planet! Gud to cover short position when MYR appreciate |
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TSwil-i-am
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Oct 27 2016, 10:39 PM
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MYR have make a U turn from 4.15 ytday to 4.20 now
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TSwil-i-am
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Oct 29 2016, 11:54 AM
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QUOTE(aromachong @ Oct 28 2016, 12:20 PM) so far my crystal ball proven precisely Your crystal ball really reliable |
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TSwil-i-am
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Oct 29 2016, 11:56 AM
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Anyone decided to long USD now?
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TSwil-i-am
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Oct 30 2016, 01:21 PM
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QUOTE(bee993 @ Oct 29 2016, 02:39 PM) wats the meaning is long usd? keep it ? Nope, it means Buy |
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