Ringgit strengthening right now after that bad US ISM data.

Hope that next time while u are riding the kangaroo, can still give us glimpse of the crystal ball !

The only physical currency that I wanted to sell is yen. Found RM still strong against the yen.

MYR slightly below 4.10 now

Key events to watch @ 8.30pm tonite is USD nonfarm payrolls n unemployment rate

Looks like still strong at <4.10.

r u sure?

yen rising against usd.

usd rising against rm.

See for yourself.

http://www.xe.com/currencycharts/?from=MYR&to=JPY&view=1M

Miss selling my yen at around 24.8, now 25.3 region.

i see what u mean...

2% diff 1 month high and low.. ok.

very hard to pick such highs and lows in such a short time, need a lot of luck.

that is same for other currencies - usd 4.0/4.1, sgd 3.0/2.95...

3 months, 6 months, 1 year... rm is losing all the way, for all of them.

I guess I was "lucky" to buy USD at 4.01 (TT 4.036) 2 weeks ago. But yen seems to be slightly weak again RM. Bought too much yen in July for Japan trip. Now left 71k yen to sell back to money changer.

this is the thing about hindsight.

4.01 = lucky.
3.98 = very lucky.
4.05 = not so lucky.

if usd had fallen and rm goes to 3.95, lucky becomes unlucky, not so lucky becomes ass luck!

short term... very hard.

If 3.88 = extremely lucky

LOL!

Did u see I put "" in lucky ?

U always have a "-ve" way of putting things !

3.84 in April "Super Lucky" !

This post has been edited by bbgoat: Sep 2 2016, 11:01 AM

in reality, if one has been in fx in whatever form, over the long term, one would have bought and sold at all kinds of rates.

it is the final realized figure that i meaningful.

i have bought usd at 3.1, 3.5, 3.9, 4.4.

Must b very painful for u to purchase @ 4.40
Having said tat, number still numbers as long as d intended purchase is meant for specific purpose

4.4 is surely bad but it's the total that matters.

there is also a second part - what was done with the currency.

keeping cash in drawer, putting in stocks or fx trading... that actually has a bigger impact in the longer term.

Dollar on defensive after manufacturing disappoints ahead of jobs data
http://www.theedgemarkets.com/my/article/d...ahead-jobs-data

The dust shld b clear by tis weekend

If buy at 4.40 and sell at 4.45, still a gain.

I have bought USD at 2.50, years ago ...............

Last one year bought TT rate at 3.96, 4.40, 4.45, 4.04.

So it does depends on the purpose of the purchase !

1 Sep 2016 04:20 UTC - 2 Sep 2016 04:22 UTC
USD/MYR close: 4.08784 low: 4.07663 high: 4.11127