Posted by albertwarrior > 2017-04-20 12:20 | Report Abuse

Us dollar index 99.76

Posted by albertwarrior > 2017-04-21 17:31 | Report Abuse

Chinese Yuan Assets Held By Foreign Central Banks Up 13%

LI DONGMEI
April 21, 2017 — 16:27 HKT
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Foreign central banks held a total of RMB563.5 billion (US$81.1 billion) Yuan-denominated assets by the end of last year, up 13% year-on-year, indicating increasing willingness by foreign central banks to hold Yuan assets on their balance sheets.

"We are optimistic about the rising Yuan assets held by foreign central banks. This reflects the Yuan’s formal inclusion in the SDR currency basket with the opening of China’s financial market, and the increasing willingness of overseas institutions to accept yuan-denominated products and to hold yuan assets," said Wang Chunying, spokesperson for China’s State Administration of Foreign Exchange (SAFE), during a press conference yesterday.

China is working toward achieving full RMB convertibility and make it a global reserve currency of choice before 2020. But the RMB's share of global central bank holdings is still tiny.




As of March 2015, 62.9% of global central bank reserves, or US$3.826 trillion, were in U.S. dollars. Euro reserves, worth US$1.351 trillion, represented 22.2% of the total. Japanese Yen took a 3.9% share with US$241.2 billion held by central banks, and US$116.2 billion worth of Canadian dollars were held by central banks.

RMB still has a long way to go to become a major reserve currency. With uncertain global economic outlook and economic headwinds China is facing at home, analysts have warned that the country may have to push back its objective to a later date.

Of the RMB563.5 billion Yuan assets held by foreign central banks, 92% are debt securities, with equities and investment funds making up 7.4%, according to SAFE data.

Foreign central banks hold Yuan-denominated bonds, particularly treasury bonds, reflecting foreign investors' long term confidence in China's economy and financial system, Wang said during the press conference.

The Yuan has become increasingly prominent in cross-border capital flows in recent years. It made up 4% of global foreign exchange trading last year, and 1.9% of global payments in February, according to official data.

Posted by kengwen > 2017-05-02 15:21 | Report Abuse

Any good news? today up 0.50

Posted by Jonathan Keung > 2017-05-02 16:05 | Report Abuse

ringgit strenghten against the USD. last traded 4.33 to a dollar ( against past 4 month price range of 4.48-4.40 ) More FDI flowing in ( taking advantage of the strenghtening dollar )

Posted by leslieroycarter > 2017-05-02 16:33 | Report Abuse

Up 32c n invited millions selling, good or bad?

Posted by masterus > 2017-05-06 15:52 | Report Abuse

Canada’s economy has been on a tear the past six months, with output and jobs beating expectations (at least until the most recent jobs report).

But there’s one aspect of Canada’s economy that’s positively in the dumps: The loonie, which according to Bank of Montreal senior economist Sal Guatieri, is the “worst-performing major currency this year.”

world currencies vs us dollar
Most major currencies have risen against the U.S. dollar since the start of the year. The loonie is not among them.

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The loonie “is the ugly duckling of the currency world in 2017,” declared National Bank Financial senior economist Stefane Marion.

Typically, when the world’s currencies rise against the U.S. dollar, the loonie follows. But this time around, the Canadian dollar’s performance has been even worse than the U.S.’s.

“This type of disconnect is extremely rare,” Marion wrote in a client note Thursday. He estimated that the loonie is the most disconnected it’s been from the U.S. dollar’s movements in more than a decade.

Posted by Zoe0016 > 2017-05-16 10:21 | Report Abuse

any good news?

Posted by leslieroycarter > 2017-05-16 11:55 | Report Abuse

Public bank should have its share split n bonus given in order to make it tradeable n more liquid.

Posted by Jonathan Keung > 2017-05-17 10:05 | Report Abuse

Yup.totally agreed. PBB Board should split the shares and make it more attractive for the retail players

Posted by Gwen Jing Tn > 2017-05-19 01:17 | Report Abuse

What is pbb dividend from 2014 to 2017?

Posted by Gwen Jing Tn > 2017-05-19 01:18 | Report Abuse

What is pbb dividend price from 2014 to 2017?

Posted by leslieroycarter > 2017-05-19 11:46 | Report Abuse

Norminee under Citigroup for EPF is selling .....

Posted by geary > 2017-06-05 08:26 | Report Abuse

http://www.valuewalk.com/2017/06/bank-profitable-using-efficiency-ratio/

Posted by Zoe0016 > 2017-06-05 11:05 | Report Abuse

EPF is buying back? =,=!

Posted by Jonathan Keung > 2017-06-05 11:29 | Report Abuse

people are pushing (buying) up Maybank and CIMB. PBB is too expensive, PBB Board needs to do a share split

Posted by leslieroycarter > 2017-06-05 21:09 | Report Abuse

If u owned pbb shares since 1992 , u r millionaires ? I had owned this share for a long long time , still not millionaire ? The writer must b joking.....

Posted by Jonathan Keung > 2017-06-07 10:44 | Report Abuse

PBB needs to split its share and give bonus to the shareholders ( if not only big funds can invest )

Posted by worldbaba > 2017-06-13 15:22 | Report Abuse

Buy ambank. Already tested bottom.

Posted by masterus > 2017-06-14 07:45 | Report Abuse

FRANKFURT: The European Central Bank (ECB) said Tuesday it had exchanged part of its US dollar reserves for Chinese yuan for the first time, in a sign of the growing global importance of Beijing’s currency.

The Frankfurt institution “completed an investment equivalent to 500 million euros (RM2.4bil) of the ECB’s foreign reserves in Chinese renminbi (CNY) during the first half of 2017,” it said in a statement.

Justifying its decision, the ECB said that “the use of CNY as a global international currency has increased in recent years,” being declared a freely-usable currency by the IMF in 2015.

”The ECB’s investment also reflects the importance of China as one of the euro area’s largest trading partners,” it added.

Its purchase of the Chinese cash was paid for with “a small portion of its US dollar holdings, which remain the largest portfolio,” it added.

The ECB’s foreign reserves, held in US dollars, Japanese yen, Chinese renminbi, and International Monetary Fund Special Drawing Rights (SDRs), remained at the same overall size.

Figures released last month showed that the ECB’s official reserves stood at over 68 billion euros at the end of April, including 47.7 billion euros in foreign currencies and 18.8 billion euros in gold.

The ECB only publishes figures on its holdings of individual currencies in its annual report at the end of each year.

In December 2016, the central bank held US$46.8bil in US dollars (41.7 billion euros), and 1.1 trillion Japanese yen (8.8 billion euros). - AFP

Posted by Jonathan Keung > 2017-06-14 11:35 | Report Abuse

USD is over valued but at this point of time there is no other currency ( denominated apart from USD ) able to replace it. Every country is moving part of their reserve into SDR ( World bank ) and also into Yuan, Sterling pounds, Yen, Swiss , Euro and Gold .

Posted by masterus > 2017-06-14 17:21 | Report Abuse

In rare feud, Singapore PM Lee under attack by his siblings
The younger siblings of Singaporean Prime Minister Lee Hsien Loong have accused him of abusing power in a public statement.
The PM, currently on leave, has denied the allegations.
Nyshka Chandran | @nyshkac
4 Hours Ago
CNBC.com
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A rare feud between Singaporean Prime Minister Lee Hsien Loong and his siblings has publicized the deep divisions weighing on the island-nation's first family.

In an explosive statement on Wednesday, Lee Wei Ling and Lee Hsien Yang — the PM's younger sister and brother, respectively — accused their elder brother of abusing power and exploiting their father's legacy for political gain.

The city-state's first PM and father to all three siblings, Lee Kuan Yew (LKY) passed away in March 2015.

Prime Minister Lee Hsien Loong of Singapore
Getty Images
Prime Minister Lee Hsien Loong of Singapore
"Since the passing of LKY, we have felt threatened by Hsien Loong's misuse of his position and influence over the Singapore government and its agencies to drive his personal agenda," Wei Ling and Hsien Yang said.

Wei Ling has long been a vocal critic of PM Lee — last year, she denounced him for using LKY's one-year death anniversary as a political tool in a series of Facebook posts — but Hsien Yang, chairman of the country's Civil Aviation Authority, has steered clear of public family spats until now.

In their statement, widely carried on social media and local newspaper the Straits Times, the siblings expressed fear that state organs would be used against them. Hsien Yang said he was leaving Singapore, citing the PM as the sole reason for his departure.

"If Hsien Loong is prepared to act thus against us, both contributing members of Singapore's establishment, to advance his personal agenda, we worry for Singapore."

Instead of demolishing LKY's house as the former leader desired, the PM has sought to make the residence his personal home — a move that would enhance his political capital, the siblings continued.

The PM and his wife Ho Ching — CEO of Temasek Holdings, Singapore's $196 billion sovereign wealth fund — also harbored political ambitions for their son Li Hongyi, the statement said.

Posted by masterus > 2017-06-15 10:36 | Report Abuse

US dollar nurses losses as Trump investigation, weak US data overshadow Fed
Thursday, June 15, 2017 - 08:52

US-STOCKS-FOREX-210538.jpgPHOTO: AFP
[TOKYO] The US dollar nursed losses on Thursday as weak US inflation data left investors wondering if the Federal Reserve would follow up its latest rate hike with another later this year.

Deepening political turmoil in Washington also weighed on the greenback, with the Washington Post reporting that US President Donald Trump is being investigated by special counsel Robert Mueller for possible obstruction of justice.

Also on Wednesday, a prominent Republican was among those shot by a gunman said to be angry with Mr Trump.

The US dollar index, which tracks the US currency against a basket of six rivals, was flat on the day at 96.932 but above its overnight low of 96.323 plumbed after downbeat economic figures.

Posted by masterus > 2017-06-15 10:56 | Report Abuse

US Dollar Index (DXY) Maintains Bulk of Loss Following Fed Decision
By Tracy Morganthall, CMT -June 14, 2017 - 19:41 UTC
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The US Dollar Index (DXY), which measures the greenback’s strength against a basket of six major currencies, moved sharply lower following the release of CPI and retail sales today at 08:30 ET. And in the wake of the FOMC announcement, DXY has failed to sustain a strong bid and is currently trading at 96.63, a loss of 0.37% from Tuesday’s close.

The Fed raised interest rates 25 bps to 1.00-1.25%, as expected. And the FOMC statement indicated that it expects to implement balance sheet normalization this year, as expected.



DXY experienced volatility at the time of the announcement. However, the bias remains to the downside, with first support at today’s 96.32 low. Initial support could be found at 96.50. However, further downside below this level is expected.

With the Stochastic, a price momentum indicator, still moving lower prior to reaching an overbought level, periods of strength still appear best used as a selling opportunity.

Posted by masterus > 2017-06-15 12:12 | Report Abuse

Chinese yuan strengthens to 6.7852 against USD Thursday
Source: Xinhua| 2017-06-15 09:47:51|Editor: Mengjie

BEIJING, June 15 (Xinhua) -- The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 87 basis points to 6.7852 against the U.S. dollar Thursday, according to the China Foreign Exchange Trade System.
In China's spot foreign exchange market, the yuan is allowed to rise or fall by 2 percent from the central parity rate each trading day.
The central parity rate of the yuan against the U.S. dollar is based on a weighted average of prices offered by market makers before the opening of the interbank market each business day.

Posted by leslieroycarter > 2017-06-19 13:54 | Report Abuse

跌到停板才好，不然大家认为国家还有看头？

Posted by Jonathan Keung > 2017-06-20 11:33 | Report Abuse

LKY is a legacy . LSH squabbles with his siblings is stricitly a family fued.

Posted by masterus > 2017-06-22 13:12 | Report Abuse

The US Dollar continued to slide against the Japanese Yen Thursday despite a lack of obvious catalysts and, indeed, a rather “dovish” speech form the Bank of Japan’s Deputy Governor Kikuo Iwata.

There was nothing new in his comments to business leaders. He reminded them, as if they needed it, that the inflation outlook remains skewed to the downside and that, in his view, the BoJ must carry on with its “powerful” monetary easing. He noted that inflation remains low despite record corporate profits and a domestic labor market near full employment.

Consumer prices were rising at an annual 0.4% in Japan at last official look, clearly way below the 2% target, which hasn’t been neared since 2015.

Still, at the very least this sort of commentary underlines the fact that the central bank is nowhere near considering any exit from its extraordinary levels of monetary accommodation. It has been under pressure to explain how it would unwind some of its stimulus as the bonds bought in the name of that program have seen the BoJ’s balance sheet surpass the Gross Domestic Product of Japan.

Nevertheless USD/JPY faded further as the Asian session went along. The greenback made three-week highs on Tuesday but has retreated gradually since

.

Posted by masterus > 2017-06-22 16:22 | Report Abuse

(File pix) Ringgit appreciated against the Singapore dollar to 3.0838/0878 from Wednesday’s close of 3.0843/0869 and strengthened against the yen to 3.8532/8582 from 3.8574/8608 yesterday. Reuters Photo
By Bernama - June 22, 2017 @ 10:18am
KUALA LUMPUR: The ringgit opened higher against the US dollar today on mild buying, dealers said.

At 9 am, the local unit stood at 4.2840/2880 against the greenback from 4.2860/2890 on Wednesday.

A dealer said the market sentiment was lifted by better economic data from the Department of Statistics which showed that inflation in May rose 3.3 per cent year-on-year as compared to 4.4 per cent in April.

The ringgit, however, was traded mixed against a basket of major currencies.

It appreciated against the Singapore dollar to 3.0838/0878 from Wednesday’s close of 3.0843/0869 and strengthened against the yen to 3.8532/8582 from 3.8574/8608 yesterday.

The local unit eased against the British pound to 5.4283/4342 from 5.4085/4131 yesterday and edged down against the euro to 4.7818/7871 from 4.7759/7809 on Wednesday. -- Bernama

Posted by masterus > 2017-06-26 13:05 | Report Abuse

[TOKYO] The US dollar sagged against its major peers on Monday, losing traction as US Treasury yields stayed low amid fading expectations that the Federal Reserve to hike interest rates again later this year.

The US dollar index against a basket of six major currencies was a fraction lower at 97.239, adding to Friday's losses when it fell 0.4 per cent.

The index had climbed to a one-month peak of 97.871 earlier last week, supported by expectations that the Fed, fresh from a mid-June rate hike, would tighten policy again as early as September.

Posted by masterus > 2017-06-26 13:08 | Report Abuse

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Business Insider

MONEY & MARKETS
The US dollar is falling out of favour with traders even with the Fed continuing to hike rates

DAVID SCUTT
JUN 26, 2017, 9:25 AM


Photo: Scott Halleran/Getty Images
The US dollar is falling out of favour with currency traders, even with the US Federal Reserve continuing to lift interest rates.

According to data released by the US Commodity Futures Trading Commission on Friday, net long speculative positioning in the greenback fell for a fifth consecutive week in late June, leaving it sitting at the lowest levels since September last year.

“Dollar selling was mostly broad-based except against the EUR,” said Khoon Goh and Rini Sen, strategists at ANZ Bank.

Goh and Sen said net long USD positions were reduced by $US2.5 billion to $US6.7 billion, while net long positioning in the ICE US Dollar Index fell by $US2.2 billion to $US5.5 billion, leaving it sitting at a three-year low.

The US dollar index has lost 6.3% from the multi-year high of 103.82 struck on January 3, undermined by doubts over the ability of the Trump administration to deliver wide-ranging tax reforms.

As seen in the chart below, those doubts, leading to sharply lower US treasury yields, has seen long US dollar positioning among speculators fall sharply.

Posted by masterus > 2017-06-28 11:14 | Report Abuse

US Dollar, equities slide after Fed’s Yellen calls stock valuations rich.
She gave no clear indication that plans for tightening monetary policy have shifted.
Gradual hike pace and stimulus wind down well anticipated in markets, according to Yellen.

Posted by masterus > 2017-06-28 11:15 | Report Abuse

US dollar dives, stocks tumble on Draghi comments, US healthcare vote delay
US dollars being counted at a bank.
US dollars being counted at a bank.PHOTO: REUTERS
PUBLISHED3 HOURS AGOUPDATED3 HOURS AGO
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NEW YORK (REUTERS, BLOOMBERG) - The US dollar slid to 10-month lows against the euro on Tuesday (June 27) after the head of the European Central Bank opened the door to steps that might begin to reduce the central bank's stimulus and after a vote on healthcare legislation was delayed in the United States.

Speaking to a conference in Portugal, ECB President Mario Draghi said the ECB could adjust its policy tools of sub-zero interest rates and massive bond purchases as economic prospects improve in Europe. The euro rose about 1.5 per cent, its biggest daily percentage gain against the dollar in more than a year.

But any change in the bank's stance should be gradual, as"considerable" monetary support is still needed and the rebound in inflation will also depend on favorable global financing conditions, he added.

Posted by masterus > 2017-06-28 11:22 | Report Abuse

NEWS | Jun 27, 19:30 GMT
US Dollar Index drops sharply, eyes lowest close since October
By Matías Salord
The USD continued to slide during the American session, despite the rise in US bond yields. The rally in EUR/USD led the decline of the greenback in the market, that during the last hours it even trimmed gains versus the yen and emerging market currencies.

The DXY dropped to 96.00, reaching the lowest intraday level in a week and is headed toward the lowest daily close since October.

Not even Federal Reserve official’s comments, about another rate hike and temporary weakness in inflation, stopped the slide in the value of the greenback. It accelerated the decline after falling below the relevant short-term support seen around 96.50 and resumed the long-term bearish move, that started in January from multi-year highs.

Posted by masterus > 2017-06-29 09:08 | Report Abuse

The Ringgit Is Easily Asia's Strongest Currency
By Y-Sing Liau and En Han Choong
June 29, 2017, 6:00 AM GMT+8
Samsung Asset buys banks, construction stocks before election
Benchmark index soared to a two-year high as earnings improved
Malaysian assets are back in favor as investors focus on encouraging signs of an economic turnaround instead of a scandal that has touched the top of government and as far as Hollywood.

Posted by masterus > 2017-06-29 09:13 | Report Abuse

The Ringgit Is Easily Asia's Strongest Currency
By Y-Sing Liau and En Han Choong
June 29, 2017, 6:00 AM GMT+8
Samsung Asset buys banks, construction stocks before election
Benchmark index soared to a two-year high as earnings improved
Malaysian assets are back in favor as investors focus on encouraging signs of an economic turnaround instead of a scandal that has touched the top of government and as far as Hollywood.

Posted by masterus > 2017-06-29 09:13 | Report Abuse

Psiptek nta 0.59. Market price 0.165

Posted by masterus > 2017-06-30 07:13 | Report Abuse

Investing.com -

Investing.com - The dollar remained on the downside against the other major currencies on Thursday, as the release of upbeat U.S. economic growth data failed to boost demand for the greenback.

EUR/USD was up 0.33% at a one-year high of 1.1415.


Official data showed that U.S. gross domestic product rose 1.4% in the first quarter, revised up from the previous reading of a 1.2% expansion. Analysts had expected growth to remain unchanged from the prior revision.

Posted by masterus > 2017-06-30 07:16 | Report Abuse

The U.S. dollar dropped to a 12-month low against the euro and weakened against the pound on the prospect for shifts in monetary policy at both the European Central Bank and the Bank of England.

The ICE Dollar Index DXY, -0.50% a measure of the currency against a basket of six major rivals, was down less than 0.4% to 95.62, falling for a third straight session to a nine-month low. The WSJ Dollar Index BUXX, -0.04% which gauges the greenback against a wider basket of currencies, fell 0.3% to 87.74.


The euro and the pound on Thursday were building on notable moves made this week, during which the European Central Bank hosted central-bank governors and others at a forum in Sintra, Portugal.

On Thursday, the euro also got support from preliminary inflation figures in Germany, which showed consumer prices are expected to rise at an annualized 1.6% in June, from 1.5% in May. European Commission’s economic-condition sentiment indicator also came in better than expected.

“We may be seeing a change in the positioning of the U.S., U.K. and Europe as to who will be tightening and when. The Fed seems close to concluding all they can do for the dollar this year, with only one more rate hike on the cards, which traders now think will come in September or December,” said Konstantinos Anthis, a researcher at ADS Securities.

The euro EURUSD, -0.0087%  bought $1.1429, trading above $1.14 for the first time in more than a year. That is the highest level in 12 months. Late Wednesday, the shared currency was at $1.1379.

The pound GBPUSD, +0.0077%  hit an intraday high of $1.13008, its best level since late May. Late Thursday, it changed hands at $1.2991, up from $1.2927 on Wednesday.

The euro “is benefiting from market’s expectations that the ECB has started thinking about reducing their stimulus in light of the improving conditions in the eurozone. And, in the U.K., the Bank of England joins the club of banks turning hawkish after Governor [Mark] Carney suggested yesterday that there’s a limit to the BOE’s tolerance for above-target inflation,” wrote Anthis.

Posted by masterus > 2017-06-30 12:58 | Report Abuse

KUALA LUMPUR, June 29 (Xinhua) -- BMI Research, a Fitch group company, upgraded Malaysian ringgit forecast for these two years on Thursday after it sees some stability in Chinese yuan.
"A more stable yuan will be positive for the ringgit given that China is one of Malaysia's largest trade partners," said BMI Research in a report.
The yuan and the ringgit have continued to move in the same direction, said the research house, adding that it believes that a stable yuan reduces tail risks facing the ringgit, as significant yuan weakness would likely impose downward pressure on the ringgit.
The research house said it has upgraded yuan forecast and has also forecast that the ringgit could hit 4.200 against U.S. dollar in 2017 and it could hit 4.100 against U.S. dollar in 2018 from 4.350 and 4.200 respectively, to reflect the ringgit's stronger-than-expected performance thus far.

Posted by masterus > 2017-07-03 14:49 | Report Abuse

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Crude oil prices rise on first drop in US drilling activity

REUTERS
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SINGAPORE, JULY 3:
Oil prices rose on Monday, lifted by the first fall in US drilling activity in months, although the gains were capped by reports of rising OPEC output last month even as the group has pledged to cut supply.

Brent crude futures climbed 16 cents or 0.3 per cent to $48.93 per barrel by 0248 GMT, after jumping 5.2 per cent last week, its first weekly gain in six weeks.

US West Texas Intermediate (WTI) crude futures rose 24 cents or 0.5 per

Posted by masterus > 2017-07-03 15:05 | Report Abuse

KUALA LUMPUR: The ringgit opened higher today due to bearish sentiment for the US dollar after the release of its first-quarter gross domestic product (GDP) data last week, a dealer said.

At 9am, the ringgit was traded at 4.2900/2970 against the greenback from 4.2920/2950 on Friday.

The dealer said at the beginning of this year, the Donald Trump-fuelled US dollar rally left the currency vulnerable to heavy losses and after six months, the greenback still lacks “attitude.”

The US also released better-than-expected GDP data last week which showed that the US economy advanced 1.4 per cent. Corporate profits, however, declined despite the upbeat data. Overall, investors remained focus on the central banks’ intentions to tighten monetary policies.

Against a basket of major currencies, the ringgit was traded mixed. It rose against the Singapore dollar to 3.1155/1210 from 3.1181/1220 on Friday, and strengthened against the yen to 3.8194/8267 from 3.8328/8365. It fell against the British pound to 5.5787/5904 from 5.5757/5801, and eased slightly against the euro to 4.8970/9055 from 4.8963/8015 on Friday. – BERNAMA

Posted by masterus > 2017-07-06 13:47 | Report Abuse

KUALA LUMPUR: The ringgit could weaken to 4.40 against the US dollar in the third quarter (3Q) of 2017, said Shan Saeed, chief economist at Dubai-based IQI Group, but the local currency is unlikely to crash as Malaysia’s fundamentals remain intact.

He has observed that the ringgit usually sees some weakening in 3Q and 4Q of the year, but will bounce back to its fair value of between 4.10 and 4.30 against the greenback.

The ringgit closed unchanged at 4.298 against the US dollar yesterday.

“The ringgit usually slides in the third and fourth quarters every year based on historical data. This is due to fund managers, which take long positions, adjusting their portfolios,” he told reporters on the sidelines of the RHB Banking Group Regional Conference 2017 yesterday.

“I think the ringgit will slide to 4.40 this year, but it will recover to 4.30 eventually,” he added.

Shan said the ringgit will be supported by an expected rise in crude oil prices going forward, while investor confidence and consumer spending remain strong.

He noted that weakening in the US dollar has also resulted in appreciation of the ringgit.

Despite a slew of negative news on Malaysia last year, he said, the ringgit was the best performing Asean currency.

“In December last year, everyone was talking about [the] ringgit falling to 5.80 against the US dollar, but currently it is still trading at around 4.30,” he said.

On Malaysia’s economic growth, Shan expects a gross domestic product growth of 4.8% to 5.2% for 2017 and 2018, supported by domestic consumption and investments.

Posted by leslieroycarter > 2017-07-07 11:10 | Report Abuse

Can u believe that Economist fro Dubai have said that our Ringgit will b weaken in the 3rd n 4th qtrs ? All the predictions has been proven wrong now or future given that foreign funds were out long ago n those coming in will b bound by new guidelines prescribed by BNM. When all the speculaters r out of the system, only the genuine left in the system. So the currency will b more or less stabilized. Any drastic movement will b contained.

Posted by masterus > 2017-07-09 14:44 | Report Abuse

This is the reason oil could jump up to $120 a barrel, expert says
Oil producing states and the oil supply are vulnerable to geopolitical risks.
Significant disruption could see prices rise to $120 a barrel
U.S., Libyan and Nigerian oil production is adding around 1 million barrels a day, undermining OPEC cuts.

Posted by masterus > 2017-07-09 22:55 | Report Abuse

Oil Prices Could Rise by 35% Later This Year
A prescient analyst at Citigroup thinks oil, recently at $44 a barrel, could head to $60 as demand increases.

By GENE EPSTEIN
July 8, 2017 1:15 a.m. ET
The price of crude oil could touch $60 a barrel before the end of this year, as demand exceeds supply. That forecast would have been aggressively bearish as recently as three years ago, but with West Texas Intermediate trading last week at $44, $60 would mean a price jump of 35%.

Citigroup senior energy analyst Eric Lee, featured in Barron’s as anticipating the bear market when the price was over $100, has become a short-term oil bull at current levels. In his view, traders have had difficulty interpreting the effect on...

Posted by Apollo Ang > 2017-07-09 22:57 | Report Abuse

nah,that's not going to happen, cos Qatar now calling iran to pump more oil....hehe

Posted by masterus > 2017-07-12 13:14 | Report Abuse

US dollar pressured by Trump Jr emails, focus on Yellen testimony
Wednesday, July 12, 2017 - 09:11

2017-05-17T023921Z_1426918253_RC14402E6220_RTRMADP_3_GLOBAL-MARKETS.JPG The US dollar wobbled in early Asian trading on Wednesday as investors, already wary ahead Federal Reserve Chair Janet Yellen's testimony, digested emails released by President Donald Trump's eldest son suggesting he welcomed Russia's help in last year's election campaign. PHOTO: REUTERS
[TOKYO] The US dollar wobbled in early Asian trading on Wednesday as investors, already wary ahead Federal Reserve Chair Janet Yellen's testimony, digested emails released by President Donald Trump's eldest son suggesting he welcomed Russia's help in last year's election campaign.

Ms Yellen will give her semi-annual monetary policy testimony before Congress later on Wednesday and on Thursday, and investors will be parsing it for or clues on when the Fed will start reducing its massive balance sheet.

The US dollar index, which measures the US currency against a basket of six major rivals, was slightly lower on the day at 95.641.

Against its Japanese counterpart, the US dollar slipped 0.2 per cent to 113.675 yen, moving away from a four-month high of 114.495 yen marked on Tuesday.

Posted by masterus > 2017-07-12 13:15 | Report Abuse

U.S. Dollar Could Crash 20%
Tucker Higgins Tucker Higgins Follow Jul 11, 2017 5:46 PM EDT
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U.S. Dollar Could Fall Another 20%

Foreign-exchange expert Douglas Borthwick say the U.S. dollar might plunge another 20% in the second half, as he believes the Trump administration wants a weaker greenback that will benefit U.S. trade.

"We've got another 20% to go before I feel satisfied that the U.S. has reached that weaker-dollar policy," Borthwick, who writes about forex for TheStreet, said during our latest Trading Strategies roundtable for investors.

Borthwick, managing director of Chapdelaine FX, said that the dollar will have to fall lower for longer to help fulfill the Trump administration's stated goals of improving U.S. manufacturing.

He said the U.S. Dollar Index (^DXY) is lower than it was before Donald Trump's election, "but it's still not low enough. The weaker-dollar policy that the Trump administration is pursuing is based on making the U.S. competitive -- and it has to be competitive not just for a couple of months where the dollar is weak, but for the next four to eight years."

A declining U.S. dollar could boost sectors besides manufacturing, such as commodities, which are generally denominated in dollars. The dollar has been on a downward move since January compared to a basket of major currencies. The greenback is now at at its lowest point since September 2016, according to the Federal Reserve Bank of St. Louis.

President Trump has divided from his administration on dollar policy. Though Treasury Secretary Steve Mnuchin has said a strong dollar is good for the U.S. economy, Trump has said he prefers a weak dollar because that benefits manufacturing.

Posted by masterus > 2017-07-12 22:55 | Report Abuse

Oil rally eases as data show big drop in US crude stockpiles, rise in production
Crude inventories fell by 7.6 million barrels in the last week, compared with analysts' expectations for an decrease of 2.9 million barrels.
U.S. oil production ticked up by 59,000 barrels a day to nearly 9.4 million barrels a day.
OPEC said its oil output rose by 393,000 barrels per day in June, led by a rebound in Nigeria and Libya.

Posted by masterus > 2017-07-14 07:24 | Report Abuse

Oil Prices Could Head Back Over $50 Before Year End
Jul. 13, 2017 1:55 PM ET| Includes: USO

HiddenValueInvestor
Long only, value

(916 followers)
Summary

Growing U.S. petroleum exports could balance U.S. oil supply and demand more quickly than the market expects.
Oil and fuel storage in the U.S. could return to the middle of the range of the five-year-average based on the growth in exports.
The easiest and most direct way for investors to participate in a near-term rise in oil prices is to buy shares in the United States Oil Fund on the stock-market.
A surge in exports of oil and finished petroleum products could send West Texas Intermediate crude oil prices back over $50 per barrel before the end of the year. A recent New York Times article highlighted the new oil export terminal in Corpus Christi, Texas. According to the paper, "Suddenly buyers from all over the world are purchasing the new American supplies, from South Korea to India - even oil-rich Venezuela, which uses the light sweet crude that comes out of American shale to blend with its gooey heavy crude. The light crude is highly prized even while global oil markets are saturated."