Posted by soros228 > 2016-01-23 23:20 | Report Abuse

Thumb up.

Posted by Probability > 2016-01-23 23:39 | Report Abuse

Reducing SRR should actually weaken RM against USD.
Even at current Crude price-32, the RM appears way stronger than what it was when the Crude price - 46 while the Renminbi were way stronger.

This led me to the conclusion that the only reason for RM strengthening the last 2 days relative to its previous behaviour is related to politics - 1MDB, Intentional forcing Bank Negara to Buy back RM to show that Najib had victoriously emerged out clean from the 1MDB scandal. Also note how confidently the New lion (Ahjib) is cleansing the Cub of the Old lion at Kedah.

It's just to show a temporary show of Victory..............

I doubt it can be sustained.

Posted by paperplane2016 > 2016-01-23 23:41 |

Post removed.Why?

Posted by Probability > 2016-01-23 23:41 | Report Abuse

it may not necessarily be a show (induced by Bank Negara)...it can be due to the foreign funds realization the turn taking place on politics.

Posted by Gainvestor10sai > 2016-01-24 00:16 | Report Abuse

Thanks, Probability for your input. i also afraid that it's temporary. So i invest based on the current theme and keep cash.

Posted by goreng_kaki > 2016-01-24 07:56 | Report Abuse

Cny dressing coming buy call

Posted by Shellhouse > 2016-01-24 10:13 | Report Abuse

oil is up 9 to 10 %. perfect timing for cny

Posted by tanhy123 > 2016-01-24 10:13 | Report Abuse

Oil prices are manipulated and I think we saw the bottom

Posted by Gainvestor10sai > 2016-01-24 10:17 | Report Abuse

i agree the oil prices are manipulated. i cannot see any reason why it went up... for me, normally bottom forming needs around half year to a year, it rebounded just a few weeks below USD30. I suspect it is a dead cat bounce. anyway, lets b careful~

Posted by tanhy123 > 2016-01-24 10:28 | Report Abuse

There is limit that how low the oil price can be manipulated until. Among the oil producing countries none can survive except Norway when oil at 40,but now it is at 30. I think the cost and risk for speculator are too high, and that they are doing reverse positioning which caused the oil sparked on Fri.

Posted by firehawk > 2016-01-24 10:35 | Report Abuse

klci is due for rebound ...

Posted by mbs7633 > 2016-01-24 12:27 | Report Abuse

yup, it is dead cat bounce. i think oil price will drop below 30 again. maybe next week.

Posted by Tom > 2016-01-24 12:58 | Report Abuse

it's retaliatory rebound, not dead cat bounce
i'm also expecting USD drop and commodity rally to certain level very soon....
just my 2 cents（mickey mouse 的看法）.....

Posted by mbs7633 > Jan 24, 2016 12:27 PM | Report Abuse

yup, it is dead cat bounce. i think oil price will drop below 30 again. maybe next week.

Posted by somchik > 2016-01-24 14:01 | Report Abuse

the whole world is upset because of low crude oil prices especially , people ,institution, corporation that is losing money, jobs and income.
Mind you there a lot more people are happy the oil price tumbling down.
Less cost of fuel , more profit for co ,more disposable income for the general population
In Malaysia Rm appreciation is good for stock market the foreigners would not flee ,may be even buy more shares, with OPR stay put increase loan repayment not an issue, lower SRR translates into FD rate would not increase, putting money in the bank is useless , might as well put in stocks that well beaten with good FA. I am optimistic klse will be much better by year end

Posted by Probability > 2016-01-24 14:47 | Report Abuse

somchik...completely agree with you.

Posted by Probability > 2016-01-24 14:52 | Report Abuse

I think I have now figured out why there was a lot of buying on the RM recently (strengthening it slightly)...it was probably due to SRR where people see that Malaysia Market will be lifted up due to this and rushing in for investments.

This means we are going to see KLSE up very soon....