Tapering means only USA is recovering. Europe is mending, with Germany leading the way, china from strong industrial data, and Japan with more easing. I actually now see a bull forming if all these in place!
if you ask me, i said tapering should have been done last Q. the pussyfooting around is actually allowing hedge managers making killing from developing countries! India and Indonesia is prime suspect since last week!
Don't think Asian country currency is under selling pressure. That's a big possibility USD sendiri beli, syok sendiri only,since the price of Gold is not much hike in price.
India's currency cartwheeled to historic lows on Monday while markets in Indonesia took a spill, evidence of how rising U.S. yields are making it harder for emerging nations to fund their current account deficits. The turbulence heightened investor caution ahead of Wednesday's minutes of the Federal Reserve's last policy meeting, with many fearing they might only add to the confusion about when it might scale back stimulus. That helped gold reach its highest in two months, while keeping share markets constrained across Asia. The Indian rupee slid as far as 62.50 per dollar, emphatically breaching the previous low of 62.03. The share market lost 1.4 percent, on top of a 4 percent drubbing last Friday. The currency has been hurt by investor frustration at the slow pace of economic reform in India, which has made it harder for the country to finance its hefty current account shortfall.
Indonesia's rupiah shed 0.9 percent to four-year lows at 10,475 per dollar, with share and bond markets weakening in the wake of data showing a sharp widening in the country's current account deficit.
Actually when I compare RM with THB & IDR, not much significant chance.Base on observation,only USD itself is increasing order and possibly US market already over demand,hot money might flow back to Asian at 2nd half :)
@ Hafiz...agreed. I bought in every 5.5% down. Local funds are waiting the downgtrend to weed out the retailers, since they were left high and dry by the foreign funds during the last election. Most of the fund are not turning in as good result this quarter...pressure is on... It is poker game from now on...it is anyone's guess how long this trend will play out. (provided Bank Negara does not intercept by utilizing our huge foreign reserve)
today i get very good lesson learn about market ..what about tmr ? ...
Post a Comment
People who like this
New Topic
You should check in on some of those fields below.
Title
Category
Comment
Confirmation
Click Confirm to delete this Forum Thread and all the associated comments.
Report Abuse
Please Sign In to report this post as abuse.
Market Buzz
No result.
Featured Posts
MQ Trader
Introducing MY's First IPO Fund for Sophisticated Investors!
MQ Chat
New Update. Discover investment communities that resonate with your ideas
MQ Trader
M & A Value Partners IPO Equity Fund has been launched - Targeted 13% Return p.a
Latest Videos
0:17
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 2909 views | 2 d ago
0:17
New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
KC Loh
13,701 posts
Posted by KC Loh > 2013-08-20 10:57 | Report Abuse
Tapering should begin I believe. Tomorrow FOMC minutes should not be too surprising with an "aye"