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 USD/MYR v5

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nexona88
post Feb 21 2019, 10:48 AM

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QUOTE(aspartame @ Feb 21 2019, 08:12 AM)
It seems USD tightening cycle is over. Still, struggling to get below 4. Endless possibilities? Sounds very mlm.. lol
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Hshahhah..mlm or not..
Its the famous quote from previously administration of the country.. Quite catchy & could be use in many situation 😊

And as u can see... Inflow of foreign funds into Malaysia market also contributed....
nexona88
post Mar 7 2019, 03:53 PM

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U Turn-ed...

Ringgit seen at 4.15 against US dollar by end-2019 — BoA Merrill Lynch
https://www.theedgemarkets.com/article/ring...a-merrill-lynch

vs earlier

Ringgit to hit 3.8 versus greenback by end-2019 — RHB
http://www.theedgemarkets.com/article/ring...9-%E2%80%94-rhb

nexona88
post Mar 7 2019, 08:12 PM

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QUOTE(alexanderclz @ Mar 7 2019, 07:42 PM)
same person commented?
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Lolz..
Did u read the news...
😑

What I'm trying to say is..
2 different views less 2month... So cannot 100% believed whatever the so called expert says...
nexona88
post Mar 7 2019, 08:14 PM

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QUOTE(coolguy99 @ Mar 7 2019, 08:02 PM)
Oh well that is why I never trust those so called 'analyst'.
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+1

We really cannot expect / predict the movement...
Even the so called expert cannot pakai one 😑
Follow 100%, free tickets to Holland 😈
nexona88
post Mar 7 2019, 08:29 PM

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QUOTE(alexanderclz @ Mar 7 2019, 08:26 PM)
lol, exactly. tell me a time where all 'experts' agree on the same thing.  biggrin.gif
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Later u know what all will tell?

Internal & external factors have change.. Thus change in target 😁
nexona88
post Mar 21 2019, 10:47 PM

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because of this piece of news laugh.gif

Ringgit near six-month high as funds buy stocks
https://www.theedgemarkets.com/article/ring...unds-buy-stocks
nexona88
post Mar 21 2019, 10:54 PM

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QUOTE(aspartame @ Mar 21 2019, 10:51 PM)
hmm..
interesting...

so it's combination factors of external & internal
nexona88
post Apr 6 2019, 04:09 PM

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QUOTE(powerlinkers @ Apr 6 2019, 02:19 PM)
Most probably : yes.

In my view : This does not matter as long as we have national assets for PH to sell off and no credit rating downgrade by international ratings agencies.
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Not sure u being serious or just trolling around hmm.gif

If I read your statement from different tone.. I get different result.....

Okay. Back to the topic.
Malaysia MGS have demands from many places... Foreigners not writing off Malaysia just like that... As if Malaysia is shit country no hope anymore.... We still have some advantage & they needed some strategic partner in this part of the world... Different investors / countries have different needs & views towards Malaysia.... Its give & take.. No perfect...
nexona88
post Apr 16 2019, 04:57 PM

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something is cooking... could be of Norway dropping MY bonds? or any others reason we don't know about...

so 4.20 MYR incoming?? devil.gif
nexona88
post Apr 16 2019, 06:23 PM

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good.
blame game begins in social media...
all attack towards PH when it's actually global factors (oil price & others)..

bravo rclxms.gif well played...
nexona88
post Apr 16 2019, 08:51 PM

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QUOTE(Xnet @ Apr 16 2019, 06:33 PM)
Last time no global factors? Now only global factors? whistling.gif
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Who said last time no global factors??
Each time weakness sure have global factor hand... U cannot escape from it...
nexona88
post Apr 23 2019, 04:24 PM

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Ringgit estimated at RM4 to RM4.15/US dollar at end-2019 — Socio-Economic Research Centre (SERC)

https://www.theedgemarkets.com/article/ring...4-lee-heng-guie
nexona88
post Apr 25 2019, 02:09 PM

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Selling pressure on ringgit no cause for alarm — FXTM
https://www.theedgemarkets.com/article/sell...-%E2%80%94-fxtm

“If you look back at November last year we were at 4.20 to the US dollar. Back in January 2017, we were at around 4.50. Despite various global and local factors, the Malaysian economy remained resilient, it didn’t crumble,”. whistling.gif
nexona88
post Apr 25 2019, 08:09 PM

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QUOTE(David83 @ Apr 25 2019, 07:57 PM)
I had a chat over lunch with my superior and colleagues.
My superior humoured that if recession does hit in coming months/quarters, Malaysia equity market has nothing to lose for.
We're already the worst performing equity market and currency in Asian region.
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nothing to lose for???
KLCI is not low like the crisis period... now what we see is just mile weakness...
nexona88
post Apr 25 2019, 08:22 PM

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QUOTE(David83 @ Apr 25 2019, 08:15 PM)
KLCI didn't participate in this year rally since January 2019 right?
US S&P 500 and NASDAQ have hit all-time HIGH.
Where is KLCI at?
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near bottom of the list bye.gif

but the KLCI is around 1,600+ pts.. best rally also maybe around 1,900 only.. not higher than that like over 2,000pts..
low? can hit 200pts blink.gif

so from "high" of 1,900 to 1,600? little only...
nexona88
post May 13 2019, 08:42 PM

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QUOTE(BetfairTrader @ May 13 2019, 08:02 PM)
my prediction is in 1-2 years time USD/MYR will hit 5
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seen that prediction almost hit but MYR become stronger later on..
now another cycle.. towards the level again..

then another cycle.. life goes on...
nexona88
post May 13 2019, 10:35 PM

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QUOTE(BetfairTrader @ May 13 2019, 09:27 PM)
the way i see it on a macro level there is a serious shortage of USD in the global economic system. Plus a crisis in all economies that are heavily reliant on China.
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well needed to see the situation too..

another round of US-China "trade war".. never ending story...
really give headache to many economies....
nexona88
post Aug 19 2019, 03:57 PM

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Current ringgit weakness not a concern — economists

“We have weathered a number of episodes of severe capital outflows, severe depreciation of the ringgit, and yet our economy continues to grow, and yet the financial market continues to function in an orderly manner. So we have not seen the kind of excessive volatility that has impacted economic activity here in Malaysia,”

https://www.theedgemarkets.com/article/curr...0%94-economists
nexona88
post Aug 19 2019, 06:58 PM

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QUOTE(coolguy99 @ Aug 19 2019, 06:47 PM)
Actually with all the negative economy activities going around the world, having a weak ringgit might be a blessing in disguise for us.
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hmm..
but import stuff would be expensive yo doh.gif
nexona88
post Aug 19 2019, 07:54 PM

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QUOTE(coolguy99 @ Aug 19 2019, 07:48 PM)
In the short term we might feel the pain, but in the long term if we can take advantage of the economic uncertainty in HK and China and pull investors to come invest in our country, it will be great.
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Yup. If can managed to take the opportunities.. Malaysia would be great again 👍

For now, we can see some positive demand on property from HK...

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