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 USD/MYR v4

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TSwil-i-am
post Aug 31 2016, 08:09 PM

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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.
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Finally tis analyst make d rite call
zacknistelrooy
post Aug 31 2016, 08:34 PM

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Now approaching 4.09 (4.088).
AVFAN
post Aug 31 2016, 08:36 PM

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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.
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sure or not? biggrin.gif

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. tongue.gif


AVFAN
post Aug 31 2016, 08:42 PM

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QUOTE(zacknistelrooy @ Aug 31 2016, 08:34 PM)
Now approaching 4.09 (4.088).
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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. tongue.gif

nexona88
post Aug 31 2016, 08:52 PM

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Wow 4.10 is getting real blush.gif
TSwil-i-am
post Aug 31 2016, 09:27 PM

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QUOTE(zacknistelrooy @ Aug 31 2016, 08:34 PM)
Now approaching 4.09 (4.088).
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Glad to c it's heading to 4.10 mark
bbgoat
post Aug 31 2016, 10:15 PM

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QUOTE(AVFAN @ Aug 31 2016, 08:36 PM)
sure or not? biggrin.gif

just 2 months ago...
uk pound now 5.355, ya still got chance for 4.0. tongue.gif
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Nothing is for sure in this world ! devil.gif

Which analyst would u trust ? laugh.gif
nexona88
post Aug 31 2016, 10:16 PM

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don't trust any of the analyst.. it may bring u to holland laugh.gif

btw

30 Aug 2016 14:10 UTC - 31 Aug 2016 14:13 UTC
USD/MYR close: 4.08574 low: 4.05878 high: 4.08765
aromachong
post Aug 31 2016, 11:56 PM

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QUOTE(bbgoat @ Aug 31 2016, 08:03 PM)
doh.gif 4.08 !  shakehead.gif
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surprise to see malaysia gov willing to decrease 5 cent for petrol price.. lol...

well ..... well .... surprise ...
nexona88
post Sep 1 2016, 12:15 AM

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QUOTE(aromachong @ Aug 31 2016, 11:56 PM)
surprise to see malaysia gov willing to decrease 5 cent for petrol price.. lol...

well ..... well .... surprise ...
*
it's really unexpected move bruce.gif

I target up 10c dry.gif
Ramjade
post Sep 1 2016, 12:20 AM

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QUOTE(aromachong @ Aug 31 2016, 11:56 PM)
surprise to see malaysia gov willing to decrease 5 cent for petrol price.. lol...

well ..... well .... surprise ...
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QUOTE(nexona88 @ Sep 1 2016, 12:15 AM)
it's really unexpected move bruce.gif

I target up 10c  dry.gif
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So that people spend more? Stimulate the economy?
nexona88
post Sep 1 2016, 12:24 AM

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QUOTE(Ramjade @ Sep 1 2016, 12:20 AM)
So that people spend more? Stimulate the economy?
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5c won't have impact lor..

drop 50c or 80c, then we can see real impact cool2.gif
AVFAN
post Sep 1 2016, 01:52 AM

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QUOTE(nexona88 @ Sep 1 2016, 12:15 AM)
it's really unexpected move bruce.gif

I target up 10c  dry.gif
*
based on crude prices, aug 1 should have seen 15 sen drop but didn't.

sep 1 should go up by 10 sen.

maybe some power fella got scolded and forced to redeem the "mistake". tongue.gif

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..."
TSwil-i-am
post Sep 1 2016, 07:52 AM

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QUOTE(bbgoat @ Aug 31 2016, 10:15 PM)
Nothing is for sure in this world !  devil.gif

Which analyst would u trust ?  laugh.gif
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Anything is possible here
TSwil-i-am
post Sep 1 2016, 08:07 AM

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QUOTE(aromachong @ Aug 31 2016, 11:56 PM)
surprise to see malaysia gov willing to decrease 5 cent for petrol price.. lol...

well ..... well .... surprise ...
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Gud for consumers
No need to complaint la
TSwil-i-am
post Sep 1 2016, 08:11 AM

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Lets c whether MYR can break 4.10 or not today
bbgoat
post Sep 1 2016, 08:24 AM

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Already near 4.10, anytime can break this barrier !
aromachong
post Sep 1 2016, 08:24 AM

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QUOTE(wil-i-am @ Sep 1 2016, 08:07 AM)
Gud for consumers
No need to complaint la
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not complaint

kinda bombshell altruistic standpoint by our current gov
nexona88
post Sep 1 2016, 08:47 AM

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QUOTE(AVFAN @ Sep 1 2016, 01:52 AM)
based on crude prices, aug 1 should have seen 15 sen drop but didn't.

sep 1 should go up by 10 sen.

maybe some power fella got scolded and forced to redeem the "mistake". tongue.gif

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..."
*
Wah I tot crude price have minimal impacts on myr, seems I'm wrong now..
aromachong
post Sep 1 2016, 01:11 PM

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QUOTE(nexona88 @ Sep 1 2016, 08:47 AM)
Wah I tot crude price have minimal impacts on myr, seems I'm wrong now..
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things always happen opposite as analyst predicted
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