a look at mgs... 4.12% today, stable.

bursa - flat.

$/rm - flat.

is it good that all is flat?!



meanwhile, us market indices at all time high, again.

dow at 19,000, should get to 20,000 very soon.

looks like more and more cash $ from all over is piling into US equities.

the trump plan to bring $ and jobs back to USA is moving.

and with fed rate hikes looming, little chance $ get weaker in the near-mid term, imo.

This post has been edited by AVFAN: Dec 13 2016, 11:31 PM

I saw on Bloomberg this morning that EM Currencies and Stocks are moving in tandem with the US Mkts overnight,...

I don't see out RM strengthening against the USD this morning. The RM even weakened vs the AUD and the SGD compared to yesterday,...

Did I miss something ??

from what i see in the last few days...

.. the exporters saga has indeed curbed the offshore volatility.
.. bnm continuously intervening to hold at 4.4x.
.. net buying or selling $, we won't know until next fx reserves report or they say something.

it will take bigger movements in the $ to know for sure.

fri morning after fed move will probably reveal something.

still, in the longer term, we are back to the same thing - what will help the RM appr sustainably?

Bro,... it would be tomorrow morning, right ? The press conference with Ms Yellen is on the coming morning at 2 am,....

And then why did Bloomberg mentioned specifically that EM Currencies gained, and I even saw they wrote the RM and the Won gained against the $ this morning,... I did not study the Won, but I sure know my RM did not strengthen,.. in fact it even weakened this morning when I looked.

I think no chance to strengthen already,... this will be the new norm,.....

IMHO I don't think RM will be strengthened in months to come and in fact it will be gradually going south, Reaching RM5 to 1 USD it's just a matter of time. just look at how sgd fetch against myr for past 20 years one would get the idea how rm perform. what our authority doing e.g. enforce the export funds to be repatriated back to myr is just consider little gimmick to strengthen RM in short term but at the expenses of long term well being of our economy, it's not well thought plan at all. No one would like to do business in a country with so much restriction in place, what investor want is open economy with minimal hindrance to do business with.

if thing are so easy as it seems, eg. just instruct exporter bring back the export fund to home currency will eventually prop up the home currency, then every central bank in the world will follow and do the same and there will be no currency crisis would ever or less likely happen. All others like Egypt or Argentina alike will be saved but in fact it's not. Our authority seems to look smart but in fact it's not. There are so many elements and issue involve and we are dealing with the world, not just Malaysia. my two cents

Problem in the US. We just need some major problem in the US. Trump doing some stupid things, US debts being questioned again.

With a few multi billionaires in US cabinet, believe they won't harm their own wealth.

Yes,... this is the thing,.... even if there are going to be any problems, these people will find a way out for the USA,.... Looking at things, maybe my man DT is smart after all,....

Amended, apologies..

My bad, yes... meeting dec 13-14, announcement dec 14 afternoon, i.e, tmrw thu morning local time.
maybe "EM" now excludes RM which is in a unique situation?

yes, which is why it is a fallacy to think u get fixed something bad and big that has gone on for so long with something small and fast.
only small brains with a twisted attitude in life think that is possible.

really, i do not think u know what u r saying.

if usa gets another major crisis like subprime 2007, all countries will suffer.
the small poorly managed ones incl msia will hurt even more.
u do not want that to happen.

This post has been edited by AVFAN: Dec 14 2016, 03:53 PM

Economy bro..

Actually not really. Because of 2007-8 incident, US went on QE. QE causes money to flow out of US into Asia Pacific with Malaysia being one of the destination where money from US comes in.

The next US financial crisis and response will be unlike 2008.

Believe the kangkong land has yet to experience the aftershock of US tapered QE.

This post has been edited by icemanfx: Dec 14 2016, 04:53 PM

Money already flow out already. RM already drop. I believed Malaysia is already experiencing aftershock of US tapered QE

?

what about the economy?

You ain't see nothing yet.

Malaysian ringgit likely to continue depreciating until end-2017, says Scotiabank
http://www.econotimes.com/Malaysian-ringgi...otiabank-449265

there goes my Italy trip. fml.

The weirdest thing about the Ringgit currently is that although oil prices increased at certain time, the ringgit didn't appreciate proportionately, It's safe to say that the "political environment" is the key factor of the depreciation of the Ringgit apart from the Fed's rate hike ?

Fed raises rates by 0.25%.

Expects 3 rate hikes in 2017.