Icon8888 Gossips About Stocks
(Icon) Possible Dollar Sell Off After Rate Hike ?
The recent stock market rout is to a very large extent due to strengthening of US Dollars, which in turn is caused by expectation of rate hike in September.
However, according to the article below, there is a possibility that the actual announcement of the rate hike could trigger a sell down of US Dollars in a typical Buy on Rumours, Sell On News fashion.
Strengthening of Ringgit will of course have a positive impact on Bursa.
I hope this piece of information will give you a pause if you are bearish about the Ringgit and think that the recent Bursa decline is a one way ticket to hell.
Never rule out the possibility of a rebounce over next few weeks.
Of course, buy at own risk. Don't blame me if the train ride actually ends up in hell.
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Discussions
3 people like this. Showing 50 of 68 comments
The US economy has never been stronger! It is us who are going into the start of a recession.
2015-08-19 21:40
The rate hike will not cause US recession. Please stop saying that (getting annoying)
Interest rate hike comes in a series. The first few ones have almost zero chance of triggering recession. However, as the rates go higher and higher, the chances of rescission increase. We are not there yet. This is the first hike.
2015-08-19 21:40
Yep, I dont know which idiot started calling recession and shit on the US..Are you kidding me. Must be product of TAR college lolol
2015-08-19 21:41
US economy memang in the TOP form right now with so many monetary policy implemented... however, WSJ also claimed that this is also fatal, as US might not have any "weapon" to fight against if a recession happen...
Icon,yaya... Madam. Yen is so careful about the move... should be able to minimize the impact... hopefully
2015-08-19 21:42
USD does not worth so much, it is speculation created artificial value.
Strong USD is not good for US economy because export will be down.
This is my opinion, I read it that way.
Right or wrong, I will blame myself.
Thank you.
2015-08-19 21:43
aiyoyo one source from the WSJ and you already seem convinced. Might I remind you that the WSJ is not exactly what a business academic would choose to read on a daily basis. LOL read more, boy
2015-08-19 21:44
Everybody is worry about the flood and he is the only one running around worrying about drought
2015-08-19 21:48
Btw we wont really find out much from the minutes since no decision will be made until Sep 16 but I just read that inflation has risen to a healthy pace in the US, further strengthening the possibility of a Sep hike. That is why the markets in US are red now. Tomorrow KLCI short-lived rebound might see some pressure.
2015-08-19 21:52
I guess 50% rate hike in sep. If so, rate hike will be very small. Tomolo red .
2015-08-19 21:55
Not so fast. I checked already, Iran will earliest start selling oil in second half of 2016. We can ignore this issue until then. The oil market is very much spot market driven
2015-08-19 21:57
Good ma you can lower your cost...the question is America punya business betul betul bagus ar? Still remember few years ago Obama crying to close shop.
2015-08-19 21:58
haha... no right or wrong, until time prove it... time will prove... but, US won't die de la~~ US dollar is indeed too high value la~~ got burned d, their export
2015-08-19 21:58
Yep will not be that quick but those issues will also hinder a rebound. Another issue is a lot of shale oil producers are too resilient and havent go bust yet. Their survival will depress oil prices. Some of them breakeven at 25-30 bucks so they are still pumping. Only when oil drop that low it can kill them off so can rebound. Need to wait for it to plunge more. Msia sadly will be a victim of this.
2015-08-19 22:00
do u guys believe in CHINA slowdown? it seems hard to believe that CHINA will accept the fact that it is slowing down. look at all the large state-owned corporations. they are all over the world constructing this, building that, financing this, sponsoring that..no i am pretty sure CHINA will not let itself go down no matter what. China is taking over the world by storm and Mr Barrack Obama & Co knows its coming straight to their face.
2015-08-19 22:01
My boss tell me one thing, you all must remember, ang mo lang suka cakap besar, haha remember data can create one...they like to create data until kertas tak boleh bungkus api then~~crisis come...
2015-08-19 22:02
jibby wanted to announce great GDP data with implementation of GST1... too bad, petrol oil drop liao no tomorrow... the earning from GST can only cover loss in petrol... too bad too bad... if oil gets lower, then jialat for msia
2015-08-19 22:03
yes.. there is no right or wrong....
it depends on point of time when looking into matters....
on the point when oil price goes up.... everyone keep talking about oil going up make us believe like oil going to be depleted... now 40 buck per barrel think back also want to laugh....
2015-08-19 22:03
lol the Chinese are still way behind the USA and their capital markets are underdeveloped. It will hinder their progress and their only strength is their massive cash reserves but even then they are already having trouble stimulating their economy. Did you know that as much as 5% of China cities are ghost cities? They are building a lot of things that no one are buying and flooding the market to continue artifically creating jobs. The next world recession will most likely emerge from China when people start realizing that the growth figures are overstated..just like Japan, it will crumble and destabilize..not impossible
2015-08-19 22:04
china ar... give them extra 30years ba... they have a lot of things still to develop...
2015-08-19 22:06
sept rate hike might still be possible, but may be delayed due to sudden devaluation of yuan. This move is unexpected by FED, nevertheless US economy is in good shape. US posting better and better economic index. Oil going to 30 or 20 is difficult to answer, definitely its more bias to supply and demand rather than sensitivity to dollar.
The phrase of "buy on rumour sell on news", may happen, cause what we seeing now is the USD rising due to speculation of prices. Yes, Sept FED meeting will be decisive but after that would be Dec one.
2015-08-19 22:07
Apart from revealing Fed MOM, US will also announce its Crude Stockpile today, this will have bearings on Crude price, just wait and see.
2015-08-19 22:13
A few well known world banks are fined for currency rigging so USD may be superficially pushed up for a purpose ie for maximum gain when they convert to other currencies especially ringgit n yuan.
It was reported that the Canadian pension fund is coming here to jv with developers to develop n invest in constructing highrise buildings in Damansara Heights,so how can our ringgit remains weak forever.Just be a little farsighted and accept the facts that Malaysia actually fare much better than our counterparts,our ringgit is just a temporary setback only.
Our revenue from oil is a small part of our GDP n we probably do not have enough for our consumption.The parties that are most affected are the oil companies themselves so don't have to panic about the fall in oil price.It is cheap to consume it if the price is us10/- but it will never happen bcos no one will care to produce it.
Let us enjoy the best we have here.Cheers!
2015-08-19 22:26
50% is small ah Jenny. Another delusional bull. Heard you got burned badly in Ifca hahahaha. How's your mortgage now kikikiki
2015-08-19 22:33
Oil prices fell under $42 a barrel after the U.S. Energy Information Administration on Wednesday reported an increase of 2.6 million barrels in crude supplies for the week ended Aug. 14.
2015-08-19 22:40
Icon888 mind to highlight us what happened to emerging stock markets after US rate hike? Bonds and housing as well. Where did u found those historical data?
2015-08-19 22:41
Just saw that too..HAHAHA this should help it plunge below $40 in the next few wees. 2.6 bil is not small LOL NICE I LOVE IT !! TOMORROW BURSA RED !! YES !!
2015-08-19 22:41
alpha must be always commenting about jibby scandal... wrote 2.6b instead of 2.6m...
2015-08-19 22:45
alphajack,I lost bcos of manipulation,propagandas n falsehood not bcos I invested in genuine stocks.
I withdrew from the market at the right time and did not mortgage any properties for shares.
Never invest more than 10% of your wealth in the market bcos it is subjected to all kinds of risks which we cannot prevent it.
Investment in properties in Bangi is still the best for longterm investment as it has a vibriant economy there.
2015-08-19 22:47
It is not manipulated la Jenny. Ifca story is mostly just on GST. It is declining now, I found out their SaaS sales are almost zero also. It was a good bet last year and till June. No more now. That is all. You must learn to move on and cut loss. Nvm la, try again next time.
2015-08-19 22:50
For a trade I think it is wise..to hold Ifca, big no-no..No more catalysts and e-commerce will most likely fail. Stay away.
2015-08-19 23:21
appreciate that and also in view of devalue of yuen last week, i think it is gonna be hell task to reach rm1.
2015-08-19 23:55
Please allow me to point out that someone is using my former ID Lan Yong to create mischief here.Since you have been identified,please stop using my ID.I follow this forum in the quiet and my main purpose is to learn from others.I do not contribute any comments but often write out my heartfelt gratitude to people like Icon 8888 and DUIT for their articles.
2015-08-20 11:09
Thanks for sharing...
Cant imagine u keep track the changes since 1993....
In 1993, I think I still basikal to sungai and catch prawn and "leh Hu"...sometime when heavy rain then use net catch "Tor Sat" also.....
thanks for compiling..
2015-08-20 13:19
If DUIT dapatlah catch 'leh hu' and 'tor sat' may be can send as gift for mother on Mothers' Day.See I am harmless,I don't know why I become the victim of someone's anger and vengeance.I observed all your 3 posts using 'Lan Yong' ID were removed--why--you must have used foul language or commented in a way that is nonsense in this discussion thread.Thank you ANONYMOUSES888 for telling him off.
2015-08-20 15:49
Dear respected giftforteacher...
I pandai tangkap Leh Hu by net only.. Tor Sat dare not to catch....
hahahaha
wat happened to my 3 posts??
2015-08-20 15:53
Dear all, Don't be carried away by the sudden burst of energy in the market. TODAY IS THE DAY FOR YOU TO RIGHT THE WRONG.
If there is any stocks that you are stuck (for example : extremely high gearing, speculative) and you would like to clear so that it doesn't blow a big hole in your portfolio in the event that Malaysia experienced a meltdown, today is the day to do it
There are still many external factors that posed immense risks to our system
Keep your head cool
2015-08-20 16:16
Dear DUIT,
The 3 posts I mentioned has nothing to do with you.Please note that there is someone using my old ID 'Lan Yong' to create mischief here.I am telling that person to stop what he is doing.I guess he must be the same person who creates trouble in Icon8888 blog.
I think this imposter is jealous of the show of gratitude and appreciation given to both Icon8888 and DUIT for their sincere help to others.
2015-08-20 17:33
IF YOU DEAR IMPOSTER HAS NOTHING GOOD TO SAY DON'T SAY ANYTHING,NOBODY WILL KNOW YOU ARE BRAINLESS!!!!!
2015-08-20 17:39
.
With the USD so strong now.. let's see if US companies don't move their manufacturing bases outside of US... and the number of jobs in the USA dropping like a ton in the next 1 or 2 quaters
With the USD so strong... US is importing deflation
Jobs aint there... Inflation aint there..... Yellen how to justify to have a rate hike this year???
.
2015-08-21 08:38
Rate hike news almost blow 1-2 years ady...this is the best tool use to con people money....u see if KLSE today red later u will see slowly money flow into our market...don simply con by yellen la....
DJ down due to people pump in money or run from us stock??
If US market so good why run?? why dun want top up gao gao...
Tipu punya data manyak la ...
2015-08-21 08:43
.
Ya.... after one big round that have taken 10 years.. now USA to reclaim its pride again... want to be the world's Taiko again... so roil the rest of the world...
But... the world is so interconnected now... you just cant hurt the others without hurting yourself...
Iphone the iconic smartphone from the US... US recovering ought to be fantastic to a brand from US right?? But... no it ain't gonna do well cos China is not doing that good...
.
2015-08-21 08:51
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Guess bear market for malaysia with low oil price n also reasonable low oil palm price. Plus with addition politic problem which poor leader quality.
2015-08-19 21:38