Why is USD dropping against SGD?
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any currency investors in sg forum ????
how to trade SGDs and major asian currencies ? ( what bokerage or investment firm )
curious
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If you are interested, you can check with your banker for ACU (Asian Currency Unit) deposits for investment. For speculatiion.you can check with your broker for forex rate. I believe these are the people who can be asistance to you.Originally posted by Taiwanpolitics:any currency investors in sg forum ????
how to trade SGDs and major asian currencies ? ( what bokerage or investment firm )
curious
Cheers -
thanks !!!Originally posted by miserable:If you are interested, you can check with your banker for ACU (Asian Currency Unit) deposits for investment. For speculatiion.you can check with your broker for forex rate. I believe these are the people who can be asistance to you.
Cheers
I appreciate it . -
As long as that US interest rate does not rise, the bond market will remain bearishOriginally posted by miserable:Hmm.....It has its pros and cons. Weak USD can bring oversea monies into the country as form of investment thus creating jobs. It also helps to readjust global imbalances, making US produced goods more affordable.
However US as the major consumer market can cause an adverse effect on the countries who trade with them including Singapore in turn,slow down their economic growth. A depreciating USD also can exacerbate inflation fears,leading to higher interest rate,this in turn would weight on the stock market and it would also elevate recession risks.
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Dude, I believe you got it wrong. Higher rate means higher bond yield thus bearish bond,stronger USD and vice versa. CheersOriginally posted by oxford mushroom:As long as that US interest rate does not rise, the bond market will remain bearish 
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how come USA gets stronger against singapore dollars during afghan war and iraq war ?
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Policy adopted by MAS quoted as "Gradually Appreciating" from "Neutral" a some time ago.... I forgotten which yr le...
I guess it's becoz our Investment Arms has been going "shopping" for other countries' company eg. banks. telcos. airline since 2003 economic crisis... It makes those company cheaper as our currency is Bigger...
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take all your money to money changer to change?Originally posted by Taiwanpolitics:any currency investors in sg forum ????
how to trade SGDs and major asian currencies ? ( what bokerage or investment firm )
curious -
main reason for the recent devaluing of dollar is because most Asian countries are selling their USD reserve and convert them to other currency. There are also fear that the housing market in USA will collapse this year and bring about recession.
Singapore and other Asia countries whos economy is heavily dependent on US export will not allow the USD to drop too drastically as this will mean we will lose of competitive edge.
If you cant even answer your own question, I would advice you to stay away from forex trading. -
Mr Gazelle, I am confused, you are contradicting yourself.Originally posted by Gazelle:main reason for the recent devaluing of dollar is because most Asian countries are selling their USD reserve and convert them to other currency. There are also fear that the housing market in USA will collapse this year and bring about recession.
Singapore and other Asia countries whos economy is heavily dependent on US export will not allow the USD to drop too drastically as this will mean we will lose of competitive edge.
If you cant even answer your own question, I would advice you to stay away from forex trading.
USD/SGD weaken to 1.5350 as part of the reasons is influx of foreign funds into Singapore. If you noticed the strength of our stock market and good buying interest in the high end properties.
USD/JPY actually strengthen to 119.20 as part of the reasons are the recent US economic number (Non Payrolls report) and weakness in crude oil price hinted FED is not likely to ease rate soon. The BOJ did not help the JPY when they did not hike the Japanese interest rate which the market expected.
Mr Taiwanpolitics, I do agree with Mr Gazelle that you should stay away from forex trading for the moment. Hope no offence to you,I feel you need to get your basic fundemental and technical knowledge before plunging into the market. After obtaining these knowledge,you try "paper trading" before really move into the market. Ask your broker or dealer to assist you and get yourself some books on trading. Cheers -
You are talking to a simpleton who makes alot of noise and has no knowledge whatsoever. Why bother explaining to him? He doesn't even understand discounts.Originally posted by miserable:Dude, I believe you got it wrong. Higher rate means higher bond yield thus bearish bond,stronger USD and vice versa. Cheers -
double post
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Good one.Originally posted by miserable:Mr Gazelle, I am confused, you are contradicting yourself.
USD/SGD weaken to 1.5350 as part of the reasons is influx of foreign funds into Singapore. If you noticed the strength of our stock market and good buying interest in the high end properties.
USD/JPY actually strengthen to 119.20 as part of the reasons are the recent US economic number (Non Payrolls report) and weakness in crude oil price hinted FED is not likely to ease rate soon. The BOJ did not help the JPY when they did not hike the Japanese interest rate which the market expected.
Mr Taiwanpolitics, I do agree with Mr Gazelle that you should stay away from forex trading for the moment. Hope no offence to you,I feel you need to get your basic fundemental and technical knowledge before plunging into the market. After obtaining these knowledge,you try "paper trading" before really move into the market. Ask your broker or dealer to assist you and get yourself some books on trading. Cheers
Simpletons don't know that they are slapping themselves in the face.
1) Recent devaluation of USD as a result Asian countries are selling off USD
2) Devaluation of USD will affect export dependant Asian countries.
This must be the "poison pill" strategy concocted by "brainiacs" such as Gazelle. -
U r rite!!!Originally posted by maurizio13:You are talking to a simpleton who makes alot of noise and has no knowledge whatsoever. Why bother explaining to him? He doesn't even understand discounts.
OM is a self proclaimed Doc,Lawyer and Economist.but he has not even hve basic knowlege of all these fields!!!
just know how to recite information from the newspapers!!!worst still, has all the fun to insult and provoke others!!very thick skin,guy!That why i dont even bother to read his postings cauz nothing news!!! -
Same here, wasn't looking at his post, but saw "miserable" posting with quote, then discovered who was the idiot making stupid financial economic blunder. Used to rebutt him last time, but found out he doesn't do much but cut and paste from websites. Most of the time he just ignores your rebuttal, because he can't rebutt.Originally posted by foomwee88:U r rite!!!
OM is a self proclaimed Doc,Lawyer and Economist.but he has not even hve basic knowlege of all these fields!!! just know how to recite information from the newspapers!!!worst still, has all the fun to insult and provoke others!!very thick skin,guy!That why i dont even bother to read his postings cauz nothing news!!! -
The influx of foreign fund might be one factor, but the more significant one is that the world major economy is lossing faith in USD reserve and countries such as Iran and China are already selling their USD reserve and converting them to Euro etc.Originally posted by miserable:Mr Gazelle, I am confused, you are contradicting yourself.
USD/SGD weaken to 1.5350 as part of the reasons is influx of foreign funds into Singapore. If you noticed the strength of our stock market and good buying interest in the high end properties.
USD/JPY actually strengthen to 119.20 as part of the reasons are the recent US economic number (Non Payrolls report) and weakness in crude oil price hinted FED is not likely to ease rate soon. The BOJ did not help the JPY when they did not hike the Japanese interest rate which the market expected.
Mr Taiwanpolitics, I do agree with Mr Gazelle that you should stay away from forex trading for the moment. Hope no offence to you,I feel you need to get your basic fundemental and technical knowledge before plunging into the market. After obtaining these knowledge,you try "paper trading" before really move into the market. Ask your broker or dealer to assist you and get yourself some books on trading. Cheers
If you compare SGD against Euro and Sterling, it is actually quite stable. -
http://www.freemarketnews.com/Analysis/134/6593/high.asp?wid=134&nid=6593Originally posted by maurizio13:Good one.
Simpletons don't know that they are slapping themselves in the face.
1) Recent devaluation of USD as a result Asian countries are selling off USD
2) Devaluation of USD will affect export dependant Asian countries.
This must be the "poison pill" strategy concocted by "brainiacs" such as Gazelle.
Yes a strong S$ will make our goods to US less competitive. -
sg is not so much of an export country... no worries...Originally posted by Gazelle:http://www.freemarketnews.com/Analysis/134/6593/high.asp?wid=134&nid=6593
Yes a strong S$ will make our goods to US less competitive.
the world's Factory needa care more and their currency has been rising steadily since dropping peg to $US -
http://www.singstat.gov.sg/keystats/economy.html#tradeOriginally posted by sunny6110:sg is not so much of an export country... no worries...
the world's Factory needa care more and their currency has been rising steadily since dropping peg to $US -
You are so clueless that you don't even know the meaning of the word 'contradiction'.Originally posted by Gazelle:http://www.freemarketnews.com/Analysis/134/6593/high.asp?wid=134&nid=6593
Yes a strong S$ will make our goods to US less competitive. -
Originally posted by maurizio13:
I dont see anything that is contracting.
You are so clueless that you don't even know the meaning of the word '[b]contradiction'.[/b]
selling of USD reserve (e.g. china & iran) is about protecting value of reserve, while controlling USD/S$ rate is about bringing stability and ensuring that it will not drastically affect the country external trade. Especially when you are competing with china and Malaysia whos currency are closely "peg" against the dollar. -
Good one.Originally posted by Gazelle:main reason for the recent devaluing of dollar is because most Asian countries are selling their USD reserve and convert them to other currency. There are also fear that the housing market in USA will collapse this year and bring about recession.
Singapore and other Asia countries whos economy is heavily dependent on US export will not allow the USD to drop too drastically as this will mean we will lose of competitive edge.
If you cant even answer your own question, I would advice you to stay away from forex trading.
Simpletons don't know that they are slapping themselves in the face.
1) Recent devaluation of USD as a result Asian countries are selling off USD
2) Devaluation of USD will affect export dependant Asian countries.
This must be the "poison pill" strategy concocted by "brainiacs" such as Gazelle.
Hahaha, you are so clueless.
Good bye. -
Singapore and other Asia countries whos economy is heavily dependent on US export will not allow the USD to drop too drastically as this will mean we will lose of competitive edge.Originally posted by maurizio13:Good one.
Simpletons don't know that they are slapping themselves in the face.
1) Recent devaluation of USD as a result Asian countries are selling off USD
2) Devaluation of USD will affect export dependant Asian countries.
This must be the "poison pill" strategy concocted by "brainiacs" such as Gazelle.
Hahaha, you are so clueless.
Good bye.