INSIDE MALAYSIA: Ringgit Up, Completes Best Quarter Since 1973
2016-03-31 07:46:01.111 GMT

By Mark Cranfield
    (Bloomberg) -- Ringgit advances for the fourth day, gaining 7.4% in March and 9.7% for the quarter.

* Sarawak state assembly will be dissolved April 11
* Brent crude futures slip 0.9% to $38.89/bbl
* Palm oil futures rise 0.9% today; longest run of quarterly gains since '08 on El Nino
* Ringgit advances 0.6% to 3.9137 per dollar
* USD/MYR approaching 61.8% Fibonacci retracement of rally from May low to Sept. high
* USD/MYR 1-month NDF steady at 3.9120; below 10-DMA at 3.9962
* ANZ shifts short SGD/MYR trade target to 2.85
* Yield on 3.955% govt bond due Sept. 2025 falls 1 bp to 3.828%

http://fkli.blogspot.my/2016/01/usdmyr-triple-top-formation-points-to.html?m=1

Well well USDMYR has now penetrated 4.0000....

USDMYR

FCPO headed down....

Nice run up in FKLI futures...

FCPO drifts down....

Down trend in 1 min fcpo

FKLI futures 21 tick chart, seems to be building uptrend....

Agree wholesomely. This is the way it should be to preserve the integrity on this very important institution for Malaysia.

60 min S&P 500. Always recovers from the knee jerk reaction to geo political event

USDMYR cracks psychological 4.0000

1 min trend jun fcpo

USDMYR breaking 4.0000. Confounding the majority....

Absolutely agree......

BIMB WA

CIMB a stock that indicates foreign funds flow....

USDMYR

Well, well, our 2nd stock position of 2016, after AAX, BIMB-Wa starts it's move. High volume reversal climactic bar, entry at 0.28...

#CrudeOil pulling back in uptrend.. Where is support?

b) In a major uptrend,: buy on minor trend reactions into support or against a strong up trendline, or On a 45% to 55% reaction (or the third to fifth day of the reaction) from the recent rally high. In this regard, it is imperative to note that, if you misread or choose to ignore the trend of the market, and are buying against an entrenched bear market or selling against an entrenched bull market, you are likely to spill lots of red ink, and feel pretty silly, as well.

Fcpo spring uncoiling....

FCPO in 'coiling the spring' mode on 15 min....

Meantime a story on how 'they' manipulate the numbers in order to manipulate the cpo market.

Normally the so called cargo surveyors come out with their estimates for cpo exports based on port container movements. Data is released on the 15th of the month for the first 1-15 days of that month. However this month they(ITS) had two data releases; one yesterday which showed cpo exports grew by 7% for day 1-14 of March, and this morning another set of numbers showing cpo exports grew by 10.5% for days 1-15 of March.

Now they will utilise SGS to further maniuplate the prices. probably use ITS to accumulate positin and then SGS to move the price in their favour....

Crude oil daily

Posted by LimCheeTiong on Linkedin.

USDMYR closes below 4.1000

Fkli uptrend....

Fkli, up trend in progress....

Fwd:

FKLI, indeterminate..... However it means that the 'spring is coiing'

http://mobile.reuters.com/article/idUSKCN0WB2S1?feedType=RSS&feedName=topNews&utm_source=twitter

Gold, still has strength going forward...

#CrudeOil, still bullish off the double bottom trigger....

FKLI continues downteend....

FKLI futures, on the down trend today.....

AAx, acceleration phase....

The rally ocntinues in KLCI futures....

Now we realise why "Talk is cheap", Superman! Through the last perios after Chinese New Year, I cannot tell you how 100% of people I talk to say: "The stock market is gone" "This rebound won't last, the trend is down and the index will make new lows" "How can KLCI go up when the whole world stock markets are down" blah blah....

The more appropriate tenet to ask is "When the market is irrational, you are missing something" or "Be greedy when others are fearful, be fearful when others are greedy"

#Crudeoil double bottom....

AAX, building up....

A nice rally for FKLI futures....

AAX, new high close yesterday.

J Livermore "Men who can be right and sit tight are uncommon"

Talk is cheap, when it comes to traders. Yesterday at lunch, my fellow trader saw an official predicting that the KLCI would reach 1800. He promptly lamblasted that news article saying "What lah, the whole world stock markets are falling, here talking the klci up..."
Well Superman, that was exactly the trigger for the rally....

Fkli really continued into the close

Fkli 21 tick, uptrend...

AAX, a couple months on up 40%. Breaking out today...

Hapseng....