Investment Management
* On 30 July when Fitch downgraded Malaysia’s outlook to negative, we advised to Buy USD/MYR between RM$3.22 and RM$3.23. Target: RM$3.30 * On 6 Aug USD/MYR fell to RM$3.2230 * On 22 Aug USD/MYR surged to RM$3.3228 after the Fed’s FOMC Minutes Which Showed That QE3 Taper Will Be As Soon As Sep 2013 […]
* NOTE: This short term AUD/USD trade is only for Investors who can afford short term price risk and volatility * IMF: AUD overvalued by 5%-15% * CFTC: Traders increased net short position in Australian dollar futures to 72,573 contracts in the week ended July 30 vs 63,982 contracts in the previous week, most bearish […]
* Germany’s unemployment rate held near a two-decade low, potentially buoying support for the government before September elections, while the rate in the euro area stayed at a record high. * The number of people out of work in Germany decreased by a seasonally adjusted 7,000 to 2.93 million in July and the adjusted jobless […]
* Fitch Revises Malaysia’s Outlook to Negative; Affirms Ratings * SocGen: Fitch’s Outlook Revision Negative for Ringgit; 1-mo. ringgit forwards will fall to 3.35/dlr after Fitch Ratings cut Malaysia’s outlook to negative from stable, Societe Generale strategist Wee-Khoon Chong says in research note • The revision “would only fuel further negative sentiment in Malaysia and […]
* On June 12 we advised to Buy AUD/MYR between RM$2.98 and RM$2.99. Target: RM$3.15. Time Horizon: 6 Months * We issued our Buy alert a bit too early and on 15 July AUD/MYR traded at a low of RM$2.8792 * Since this level, AUD/MYR has issued a bullish signal and we advice Investors who […]
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