US Fed is force liquidating BOJ & BOE at the lows.
UST selling push yields higher > inflation higher > more QT > further foreign selling pressure > yields higher. vicious cycle.
MYR also stuck in this loop 🔁, only we don’t have as much dollar reserve to sell. last ATH: rm4.74 / $1 🥲
Hope you hedged with me. Think I made 15-20% hedging my dry powder. Next targets was posted here — link1, link2
#MYR
#UST
#Macro
UST selling push yields higher > inflation higher > more QT > further foreign selling pressure > yields higher. vicious cycle.
MYR also stuck in this loop 🔁, only we don’t have as much dollar reserve to sell. last ATH: rm4.74 / $1 🥲
Hope you hedged with me. Think I made 15-20% hedging my dry powder. Next targets was posted here — link1, link2
#MYR
#UST
#Macro
JK @mytradingspace 🚀
#usdmyr 🌐google translate: “The 3 arrows at the top right signals evaporation. Say you leave a pile of cash on your table, untouched; in 6-12mths time, you’ll come back and realized 20% of it has gone poof!! — gone, disappeared, takda” Look at the bright…
🇲🇾 USDMYR looks set to push higher after consolidating near 4.46-4.48 multi year highs. aka weaker ringgit ahead.
BNM really need to hike to counter USD strength (assuming Fed continue to maintain hawkish stance)
But will a weak govt who resort to appeasing the people (with outrageous no of public holidays) choose the painful but necessary, or continue kicking the can & people-pleasing path 🤔❓ ❓
Haven’t seen a clear economic growth path ever since Jibby era. 🇲🇾 reek of graft & complacency.
#MYR
BNM really need to hike to counter USD strength (assuming Fed continue to maintain hawkish stance)
But will a weak govt who resort to appeasing the people (with outrageous no of public holidays) choose the painful but necessary, or continue kicking the can & people-pleasing path 🤔
Haven’t seen a clear economic growth path ever since Jibby era. 🇲🇾 reek of graft & complacency.
#MYR
Please open Telegram to view this post
VIEW IN TELEGRAM
👍2