Forex Cryptocurrency General Chit Chat Thread 2019

[qwerty84]

Any telegram group for fx around? Can chit chat

 

[boroangel]

Mr Canberra,

What is your take on the USDSGD for the next 6 months to 1 year? Do you see it going up to potentially 1.45?

 

[Mr.Canberra]

USD/SGD

Mr Canberra,

What is your take on the USDSGD for the next 6 months to 1 year? Do you see it going up to potentially 1.45?

If USD/SGD hits 1.45 that means will face higher inflation for imports. I believe unlikely to hit this level as MAS will intervene.

A few factors influencing the strength of SGD.

1) MAS April 2020 Meeting
2) Fed Jul 2020 FOMC decision to cut rates or not
3) COVID-19 situation
4) US Presidential Election Nov 3rd 2020 -> USD demand will pick up

CONCLUSION: SGD is bearish near to mid term. USD is bullish near to mid term.

 

[boroangel]

Thanks for sharing your thoughts

 

[Mr. Wood]

Simi make money then come out? -US$40,000 unrealised loss leh!

This year budget wise I expect more chum than 2019 so should be no long haul USA, AMDK or Northeast Asia jiak hong trips in 2020. Switch to regional destinations. So far 2 trips this year!

u still gotch ammo to eat nearby wind. I long time no go oso.

tonight not my night. close position go koon alrdy.

 

[Mr. Wood]

nxt wk can close shop oso

Mon Feb 24
5:45am NZD Retail Sales q/q
5:00pm EUR German Ifo Business Climate

Tue Feb 25
11:00pm USD ** Consumer Confidence

Wed Feb 26

Thu Feb 27
8:00am NZD ANZ Business Confidence
8:30am AUD Private Capital Expenditure q/q

Fri Feb 28
9:30pm CAD GDP m/m

Sat Feb 29
9:00am CNY Manufacturing PMI

 

[Mr.Canberra]

u still gotch ammo to eat nearby wind. I long time no go oso.

tonight not my night. close position go koon alrdy.

Since 8 Oct 2019 need to fork out more cash due to higher margin requirement by MAS so no longer attractive to trade Forex.

These days really feeling the cash crunch. Once position kena trap a lot of cash will be locked up.

Better not trade too much in Forex as getting harder and harder to make money.

 

[Mr.Canberra]

USD/SGD

Good resistance at 1.40X. I think MAS show hand.

 

[Mr. Wood]

Good resistance at 1.40X. I think MAS show hand.

buy high sell low

 

[DukeCS33]

If USD/SGD hits 1.45 that means will face higher inflation for imports. I believe unlikely to hit this level as MAS will intervene.

A few factors influencing the strength of SGD.

1) MAS April 2020 Meeting
2) Fed Jul 2020 FOMC decision to cut rates or not
3) COVID-19 situation
4) US Presidential Election Nov 3rd 2020 -> USD demand will pick up

CONCLUSION: SGD is bearish near to mid term. USD is bullish near to mid term.

The SGD is managed on a trade weighted basis where the USD forms the largest component. However, to say that we may face a higher inflation bill if SGD hits 1.45 may not be technically correct... as it is managed on a basket basis, other major components can also weaken and so the SGD may hit 1.45 but without raising the overall imported inflation. Maybe certain goods from the US may cost more but other goods may cost less.

 

[Mr. Wood]

Mon Mar 2
9:45am CNY Caixin Manufacturing PMI
11:00pm USD ISM Manufacturing PMI

Tue Mar 3
8:30am AUD Building Approvals m/m
11:30am AUD Cash Rate
AUD RBA Rate Statement

Wed Mar 4
8:30am AUD GDP q/q
9:15pm USD ADP Non-Farm Employment Change
11:00pm CAD BOC Rate Statement
CAD Overnight Rate
USD ISM Non-Manufacturing PMI

Thu Mar 5
8:30am AUD Trade Balance

Fri Mar 6
1:00am GBP BOE Gov Carney Speaks
1:45am CAD BOC Gov Poloz Speaks
8:30am AUD Retail Sales m/m
9:30pm CAD Employment Change
CAD Trade Balance
CAD Unemployment Rate
USD Average Hourly Earnings m/m
USD Non-Farm Employment Change
USD Unemployment Rate

 

[lasnoblur]

most major pairs like 1 way direction.

jpy spiking up. (Friday)

 

[SuLiFen]

kambeilan, your NZDUSD chiak sai liao

wow teach people about USDSGD

 

[SuLiFen]

AUDUSD 0.64XXX can start buy some to test.
Gold might rebound from friday dropped, china might see some light pertaining covid-19
buy ah buy

 

[revhappy]

The SGD is managed on a trade weighted basis where the USD forms the largest component. However, to say that we may face a higher inflation bill if SGD hits 1.45 may not be technically correct... as it is managed on a basket basis, other major components can also weaken and so the SGD may hit 1.45 but without raising the overall imported inflation. Maybe certain goods from the US may cost more but other goods may cost less.

If China devalues it's currency, SGD will follow. I think that is th most important thing to monitor.

 

[Mr.Canberra]

kambeilan, your NZDUSD chiak sai liao

wow teach people about USDSGD

CCB snake oil salesmen SuLiFen aka blurinvestor aka Knight_Rider still buay song I exposed you guys is it?!

 

[SuLiFen]

AUDUSD 0.64XXX can start buy some to test.
Gold might rebound from friday dropped, china might see some light pertaining covid-19
buy ah buy

take profit liao
sentiment might change to fear again

kambeilan, forex hard to earn money ah I tot you got 20 years experience sai ah 20 yrs

 

[SuLiFen]

Wah kanasai USD/SGD hits 1.40X liao!

Congratulations to those who listened to me and hoard USD since 2 years ago.

wow! Listen to you ah????
so now you become USD millionaire ah

CONCLUSION: SGD is bearish near to mid term. USD is bullish near to mid term.

KambeiLAN the USD consultant and chief adviser go chiak sai la

 

[SuLiFen]

AUDJPY - 69.700 can enter slowly

 

[Mr.Canberra]

AUDJPY - 69.700 can enter slowly

DLLM lah what enter slowly?

You think having sex is it?