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ever rising USD....
Posted: Mon Mar 16, 2009 1:06 pm
by keithzhoulw
ever since obama came to power . USD has been rising up sharply . this has made online shopping not so favourable for us .worse of all the bank is charging higher then the normal rates(few cents more).just pray hard that USD will fall . so i can spend more on great supplement and sprees for my wife.
Re: ever rising USD....
Posted: Mon Mar 16, 2009 4:20 pm
by Weib
its not obama, obama was handed a mess to clear up.
He's handling it well imho and has reset market's sentiments and improve the confidence, we're seeing a slow recovery already which is quite good.
However still have alot of mess that the banks and financial houses crapped out.
I hope it'll be like the clinton's administration albeit short live but was positive.
Re: ever rising USD....
Posted: Mon Mar 16, 2009 5:41 pm
by keithzhoulw
obama was not the curpilt . i only use him to benchmark a timing
Re: ever rising USD....
Posted: Tue Mar 17, 2009 12:47 am
by manyu882
USD rising.. people who ship stuffsfrom oversea suffers hahaha. even an increase in 0.01 cent matters.
Re: ever rising USD....
Posted: Tue Mar 17, 2009 12:52 am
by Weib
i monitoring everyday, so far it has dropped from the highs of 1.56 to 1.53.
lets see how it goes, hope AIG won't cause an uproar in investor's confidence - the G20 summit is another thing to look out for.
Re: ever rising USD....
Posted: Tue Mar 17, 2009 12:55 am
by manyu882
Weib wrote:i monitoring everyday, so far it has dropped from the highs of 1.56 to 1.53.
lets see how it goes, hope AIG won't cause an uproar in investor's confidence - the G20 summit is another thing to look out for.
wah u monitor until too extreme liao la ahha. yea there is a drop but dont know why..
Re: ever rising USD....
Posted: Tue Mar 17, 2009 12:57 am
by Weib
in my layman opinion, its because of a rumour by one of chinese ex cabinet member and the treasure's chairman's confidence vote with the recovery which pushed the world's market on a rally.
so far its going good.
If want to do business must monitor this everyday plus give me something to talk about with my clients.
Re: ever rising USD....
Posted: Tue Mar 17, 2009 1:01 am
by h
major currencies movements used to be somewhat predictable (short run, that is)...
if you're into fx, you should get a decent economic calendar and learn what economic indicators are coming out the next day.
of course, you need to be at your desk, or set up whatever you're using for sell/buy based on the numbers (and deviations)
...i wouldn't trade anything now though.
Re: ever rising USD....
Posted: Tue Mar 17, 2009 9:11 am
by keithzhoulw
Just a prediction:
SGD to USD=1.70 towards end of 09
the harder they fall , the faster they pick temselve up
Watch for MAS policy revision in April to send this pair to 1.6x level.
Re: ever rising USD....
Posted: Tue Mar 17, 2009 10:59 am
by manyu882
Re: ever rising USD....
Posted: Tue Mar 17, 2009 2:06 pm
by Weib
keithzhoulw wrote:Just a prediction:
SGD to USD=1.70 towards end of 09
the harder they fall , the faster they pick temselve up
Watch for MAS policy revision in April to send this pair to 1.6x level.
Your prediction based upon?
Re: ever rising USD....
Posted: Wed Mar 18, 2009 9:09 am
by h
juckes (rbs) is certainly of the opinion that another 10-20% move is likely.
Re: ever rising USD....
Posted: Wed Mar 18, 2009 11:57 am
by Weib
fuckin AIG bastards.
Looks like it'll rock the market again.
I wished it was china, just take them out and shoot em!
Re: ever rising USD....
Posted: Wed Mar 18, 2009 3:45 pm
by h
...and you will get stomped on by the billion people march.
Re: ever rising USD....
Posted: Thu Mar 26, 2009 10:13 am
by manyu882
wtf, usd has fallen close to 1.50, lowest in this month. or is it sgd rising?
Re: ever rising USD....
Posted: Thu Mar 26, 2009 10:15 am
by Bryan
time for bb.com..... pwr!!!!
Re: ever rising USD....
Posted: Thu Mar 26, 2009 10:16 am
by manyu882
Bryan wrote:time for bb.com..... pwr!!!!
buy from me leh..

Re: ever rising USD....
Posted: Thu Mar 26, 2009 9:17 pm
by keithzhoulw
pray hard it show a 1.4X next month.
get your credit card ready
Re: ever rising USD....
Posted: Thu Mar 26, 2009 9:22 pm
by h
manyu882 wrote:wtf, usd has fallen close to 1.50, lowest in this month. or is it sgd rising?
$1T injection in theory would make it weaker
Re: ever rising USD....
Posted: Thu Mar 26, 2009 10:50 pm
by Weib
it'll slide abit more i believe, till the US bottoms out.
Re: ever rising USD....
Posted: Sun Mar 29, 2009 11:22 am
by manyu882
looking forward to monday's exchange rate!!