The ringgit was higher against the dollar – Currency Pair

KUALA LUMPUR: The ringgit was higher against the dollar, riding high on the back of Malaysia’s’ vigorous first-quarter 2017 (1Q2017) Gross Domestic Product (GDP) development information. –  Currency Pair

Merchants noted expanded purchasing enthusiasm for the ringgit which saw the neighborhood note acknowledge to 4.2950/2980 at 9.04am(0104gmt) against the greenback from 4.3030/3060 at 6 pm on Monday.

The Malaysian economy recorded a 5.6 for each penny development in 1Q17 against the 4.1 for every penny recorded in a similar quarter of 2016, making it the quickest development in two years. – Currency Pair

Against the other real monetary forms, the ringgit was exchanged blended.

It ascended against the Singapore dollar to 3.0975/1001 from 3.1013/1054 on Monday and expanded against the British pound to 5.5749/5792 from 5.5917/5974. – Currency Pair

The ringgit, in any case, devalued against the Japanese yen to 3.8641/8686 from 3.8627/8671 and debilitated opposite the euro to 4.8276/8327 from 4.8189/8240 Monday. – Bernama

The accompanying table shows rates for Asian monetary standards against the dollar at 0138 GMT 0930 Malaysian time) on Tuesday May 23.

 CURRENCIES VS U.S. DOLLAR

Currency

Latest bid Previous day Pct Move

Japan yen

111.010 111.27

+0.23

Sing dlr

1.385 1.3858

+0.03

Baht

34.340 34.4

+0.17

Peso 49.770 49.77

+0.00

Ringgit

4.294 4.303

+0.21

Yuan 6.888 6.8892

+0.02

                            Change so far                            

Currency Latest bid End 2016

Pct Move

Japan yen

111.010 117.07        

+5.46

Sing dlr

1.385  1.4490        

+4.59 

Baht

34.340  35.80        

+4.25

Peso

49.770 49.72

-0.10

Ringgit

4.294 4.4845        

+4.44

Yuan

6.888 6.9467        

+0.85

Live forex trading tips – PM sees more stability for ringgit

PUTRAJAYA: Prime Minister Datuk Seri Najib Tun Razak has communicated certainty that the measures taken by Bank Negara Malaysia (BNM) will make the ringgit more steady this year.(Live forex trading tips)

He said the decrease in the ringgit’s position was a wellspring of worry to numerous, yet the circumstance was outside the administration’s control.

Najib, who is likewise the Finance Minister (Live forex trading tips)

said of 149 world monetary standards, 123 confronted a decrease in esteem against the US dollar and Malaysia was not exempted nor the main nation affected.(Live forex trading tips)

He said three wild components affected the ringgit’s esteem,

to be specific “over the top hypothesis in the seaward market”, the fall in oil costs and ascend in US loan costs last December.(Live forex trading tips)

“With the measures taken by BNM,

the market is persuaded that the ringgit will be more steady and unpredictability diminished to typical levels in the close term,”

he told the principal month to month social affair of the Prime Minister’s Department for 2017 here on Monday.(Live forex trading tips)

Najib additionally said there were indications of idealism and certainty that the Malaysian economy would recuperate decidedly this year subsequent to being confronted with worldwide difficulties in 2016.

“Among the difficulties was oil costs which are currently at US$54 a barrel contrasted with US$44 a year ago.

“The cost of palm oil is likewise at an empowering level now, to be specific RM3,200 a ton contrasted with RM2,600 a year ago, while elastic costs have additionally tripled. This gives us the certainty that on the off chance that we attempt vivacious activities, 2017 can be an effective year,” he included.(Live forex trading tips)

Agent Finance Minister Datuk Othman Aziz was accounted for already as concurring with investors that the ringgit would recoup to a reasonable estimation of 4.1 against the US dollar in the second from last quarter of 2017. – Bernama

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Support & Resistance Level Forex Strategy

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Multiple Time Frame Forex Strategy

Multiple time frames are one of the beneficial forex trading signals that allow taking decisions by the analysts. Multiple time frames strategy involves tracking of currency pairs over different time frames & these different time frames allow spotting the trends for clear analysis of trend. As there is the limit for following time frames, it’s good to look for 3-4 timeframes.

Scalping Forex Strategy

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The ringgit will likely trade higher versus the US dollar this week

KUALA LUMPUR : The ringgit will probably exchange higher versus the US dollar this week, helped by Bank Negara’s measures to bolster the nearby cash, an investigator said.

The national bank as of late reported that exporters can just hold up to 25% of fare continues in remote cash, in order to support more residential exchange the ringgit.

Under the new measures, 75% of all new fare continues should be changed over into ringgit.

“Most dealers welcome the late measures to reinforce the ringgit,” the examiner said, including that the ringgit is relied upon to exchange between the 4.42 and 4.35 level.

In the mean time, Affin Hwang Investment Bank VP/retail look into head Datuk Dr Nazri Khan Adam Khan said the ringgit will be marginally lower in the midst of a solid dollar on the worldwide market.

“The greenback is on the uptrend taking after the European Central Bank’s choice to amplify its bond purchasing by nine months until end-2017,” he told Bernama.

Meanwhile, the ringgit will likewise exchange a wary mode in front of the US Federal Reserve’s financing cost declaration.

Our recommendation for KLSE INTRADAY investors.

KLSE INTRADAY SIGNALS : BUY EZION AT 0.400 TARGET 0.414, 0.428 SL 0.385

KLSE INTRADAY SIGNALS  : BUY COGENT AT 0.640 TARGET 0.662, 0.684 SL 0.614 

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  1. ACROMEC
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US stocks ended with big gains

MarketWrap: US stocks finished with enormous additions for November on Wednesday on account of a sharp post-race rally, yet the S&P 500 completed the day level as drops in utilities and innovation counterbalance vitality’s surge. – Reuters

The DJIA was up 1.98 focuses, or 0.01%, to 19,123.58, the S&P 500 lost 5.85 focuses, or 0.27%, to 2,198.81 and the Nasdaq dropped 56.24 focuses, or 1.05%, to 5,323.68.

Forex summary

*The ringgit lost 0.06% to 4.4690 per US$

*It was 0.52% higher at 4.7342 per euro

*Down 0.24% to 5.5919 per pound sterling

*Up 0.51% to 3.1346 per Singapore dollar

*1.11% higher to 3.3017 per Aussie

*Up 0.01% to 3.9016 per 100 yen

Vitality

Oil costs hopped around 9% on Wednesday as Opec individuals took care of business to cut creation, while cheery US monetary information and remarks from the US Treasury Secretary chosen one set off a security advertise auction, denoting a hopeless November for Treasuries. Brent unrefined settled up US$4.09, or 8.82%, at $US50.47 a barrel.

Our recommendation for KLSE INTRADAY investors

KLSE INTRADAY SIGNALS: BUY SUNMOONFOOD AT 0.093 TARGET 0.096, 0.099 SL 0.088

KLSE INTRADAY SIGNALS: BUY SALUTE AT 1.25 TARGET 1.29, 1.33 SL 1.20

KLSE INTRADAY SIGNALS: BUY PENTA AT 1.26 TARGET 1.30, 1.34 SL 1.21

Latest Hot Stocks  
  1. KL-UZNA
  2. SKPETRO
  3. SIME
  4. VITROX
  5. KLCC

Bursa Malaysia retreats, ringgit at 19 year low

PETALING JAYA: Shares on Bursa Malaysia declined, following misfortunes over the district on stresses that higher financing cost in the US will lessen the interest of putting resources into developing markets. The ringgit tumbled to its most reduced level since the Asian money related emergency of 1997/1998 at 4.4602 against the US dollar yesterday.

Securities exchanges around Asia, with the exception of Japan, were under weight yesterday as Bloomberg reported that the chances of a US Federal Reserve rate climb one month from now are at 100%, up from 68% a month back.

US stocks developed a rally overnight that pushed real value gages to new records on trusts US President-elect Donald Trump’s monetary spending arrangements will quicken the world’s biggest economy, permitting it to assimilate an expansion in loan costs.

The FBM KLCI fell 6.17 focuses to 1,624.21.

Hong Leong Investment Bank (HLIB) said KLCI’s auctioning spree has decreased and the list is endeavoring to fabricate a base above late three-month low of 1,614 in spite of facilitating ringgit, as specialized are step by step recuperating.

“Be that as it may, we emphasize that exclusive a solid close over 1, 635 (lower downtrend channel) will open up further picks up toward 1,650 to 1,667 levels.

“On the other side, a break underneath 1,614 will witness potential selldown to 1,600 mental support,” it said.

KLSE INTRADAY  SIGNALS : BUY SING MYANMAR AT 0.645 TARGET 0.667, 0.690 SL 0.620

SGX INTRADAY SIGNALS : BUY KOBAY AT 1.58 TARGET 1.63, 1.69 SL 1.51 

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Forex Tips for Boosting the Investment Returns.

If you are trader and buying and selling off the tiniest actions inside the foreign exchange market, having a little idea of the fundamentals could alert investors to modifications in regulations that successfully change the game. So, no less than, fundamentals are crucial because they may affect regulations, which impacts all buyers no matter what is their technique. Because traders have to be aware about regulatory changes that inherently change the trading game, they may gain profit from tracking fundamentals in some way or by using Forex tips.

For trend-following buyers who do not do day trading however alternatively preserve position trading and hold their position for many days, months , or weeks at a time, being quick in each technical and fundamental is even greater essential. Below are the currency tips outlining how buyers can combine fundamental and technical analysis?

Approach:-

Fundamentals will help let you know what currency markets to invest and in which way. To manage risk and timing precisely, technical’s can be used. Positioned the two collectively together and, potentially, you’ve got a triumphing approach or strategy. For managing risk traders also prefer forex signal services.

Supply & Demand Fundamentals:-

At the center of each technical analysis and fundamental analysis is supply and demand. Whilst the pressure of demand is robust relative to the available supply, rate serves to reconcile the imbalance by going higher. To witness how this works in fundamental analysis, traders can maintain an eye fixed on 3 matters: price range balances, exchange balances, and monetary coverage.  Live Forex trading tips can be beneficial for knowing about supply and demand.

Trade & Budget Balance:-

As with trade deficits, budget deficits displays that a country is importing greater than it’s exporting, and hence is obviously doing extra selling of its currency to buy items and services created in other international locations. This has the impact of decreasing a foreign currency’s price. When currency price decreases, it is recommended to sell the currency pair and for doing so and knowing the value of currency you can use forex trading tips.

Technical Analysis:-

Investors utilizing technical analysis also are prone to over analysis, and the answer is the identical: they focus best on the technical elements that are important. While there is limitless range of technical processes which could work, so it’s better to take help from forex signals provider for analysis.

Resistance & Support:-

Anywhere you may draw a horizontal line that marks a quarter in which rate a tendency to bounce off has is a meaningful factor you may trade round. This doesn’t require being overcomplicated; honestly finding the points that stick out. Those are your S&R ranges, and while the marketplace reaches them, the chances favour a reversal similar to what has occurred when the market formerly reached those ranges.

Example Trades:-

Here are many example trades that utilize the combination of fundamental and technical analysis mentioned above. In each case, the place to begin is what is happening to the respective forex currency pair at a fundamental level, searching at their budget and trade balances, alongside with monetary rules that affect them. The subsequent step is to search for a change installation indicated by means of a confluence of S&R, the 2 hundred EMA and a candlestick pattern. Please notice that the concept of these trades is simply to demonstrate how you would possibly marry some basic fundamental ideas with a few key technical’s to create a simple buying and selling strategy. Forex currency trading tips is the good option to know S&R and risk associated with the trade.

Exits:-

Before entering into the trade examples – here’s a brief phrase about exits. These rely largely on the dealer’s reward/risk ratio, and where they placed their stop loss order. Choose to place stop loss between the help quarter I input at and the next one under it; observed this is effective in reducing the instances taken out because of rate spikes. At minimal an approach ought to have a manner to exit each losing and triumphing trades. Mostly traders prefer Currency Trading Tips for knowing the exit and entry points.

Bottom Line:-

Trading does no longer need to be complex and technical and fundamental analysis isn’t irreconcilable. when traders awareness is on the key factors of every, and ensure that the two strategies are incorporated properly to complement each other instead of to negate each other, then they have to experience a marked improvement of their trading consequences. For fundamental & technical analysis Forex tips is a good investment approach.

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Forex trading :- Ringgit sharply lower against greenback in early trade

KUALA LUMPUR: The ringgit opened pointedly bring down against the US dollar today in front of the arrival of the US non-ranch employments information on Friday, a merchant said. (Forex trading)

At 9.03 am, the ringgit was cited at 4.0740/0790 against the greenback from 4.0510/0600 on Tuesday.

The business sector was shut on Wednesday for the Merdeka Day festivity.

The merchant said the arrival of the US non-ranch employments information tomorrow would strengthen the planning of the US interest climb, which is generally expected at the US Federal Reserve’s next strategy meeting on Sept 20-21.

The neighborhood coin was additionally exchanged for the most part lower against a wicker container of real monetary standards.

The ringgit went up against the Japanese yen at 3.9477/9537 from 3.9588/9687 on Tuesday, however, declined against the Singapore dollar at 2.9894/9953 against 2.9754/9829.

It likewise fell against the British pound to 5.3496/3590 from Tuesday’s 5.2983/2109 and deteriorated against the euro to 4.5445/5518 from 4.5246/5362.