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Help needed in OANDA + users from Malaysia 105 replies

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  • #4,161
  • Dec 23, 2007 10:47pm Dec 23, 2007 10:47pm
Quoting hus7
salam all,
just to share something
dont know it is true or not but i got this info from someone close to the gov economist that the world oil price will hit $120/barrel by 2nd or 3rd quarter as well as gold will hit RM120/gram

to sham, nice thread and i like to follow only sometimes miss the trains
adiosnewbie
hus7, i am not a fundamentalist and its not about pessimism about the information you have got. Just say if oil rise up to 120/barrel, this will mean trouble to a lot of companies. some economies may be experiencing cost push inflation. so many nations will not allow this to happen and will give great pressure to the OPEC nations to increase supply. but again, it may happens, who knows.

regards,
I am bored..
  • #4,162
  • Dec 23, 2007 10:50pm Dec 23, 2007 10:50pm
Quoting mattrader
Just wanna share here my broker send this to me last week regarding their trading hours and holidays.
Ops, sorry, the picture too big. I will summarise here:

Christmas Trading Hour

Dec 24th Open ( closes at 12p.m EST )
Dec 25th Closed
Dec 26th Closed
Dec 27th Open at 2a.m EST

New Year Trading Hour

Dec 31st Open ( closes at 12p.m EST )
Jan 1st Closed
Jan 2nd Open at 2a.m EST
  • #4,163
  • Dec 23, 2007 10:50pm Dec 23, 2007 10:50pm
Quoting hus7
salam all,
just to share something
dont know it is true or not but i got this info from someone close to the gov economist that the world oil price will hit $120/barrel by 2nd or 3rd quarter as well as gold will hit RM120/gram

to sham, nice thread and i like to follow only sometimes miss the trains
adiosnewbie
This is what I am talking about... I am a bit skeptical when they said the 2nd quarter will show some improvement... whereby I am a bit worry that the incident of 1997 might be repeated again. If nothing happen to MALAYSIA and Asian Countries generally regarding the CRISIS... then we surely thanks GOD for the prosperous year next year. Last time the 1997 Crisis only hit Asian Countries. US and European countries did not affected much. Perhaps this time, the other way round. We might be surviving from the crisis. I am just preparing myself for the POSSIBILITY now.
  • #4,164
  • Dec 23, 2007 10:54pm Dec 23, 2007 10:54pm
Quoting G33maroon
http://www.forexfactory.com/showthread.php?t=4083

found this, good for risk control and managing positions.
Hi G33maroon,

Thanks for the link.
  • #4,165
  • Dec 23, 2007 10:54pm Dec 23, 2007 10:54pm
Quoting mattrader
Ops, sorry, the picture too big. I will summarise here:

Christmas Trading Hour

Dec 24th Open ( closes at 12p.m EST )
Dec 25th Closed
Dec 26th Closed
Dec 27th Open at 2a.m EST

New Year Trading Hour

Dec 31st Open ( closes at 12p.m EST )
Jan 1st Closed
Jan 2nd Open at 2a.m EST
More or less the same as mine

Quote
We close at 2pm EST, 19:00 GMT December 24th.

We open December 26th at 2am EST, 07:00 GMT.

We also close at 2pm EST, 19:00 GMT December 31st.

We open January 1st at 8pm EST, 01:00 GMT January 2nd.
  • #4,166
  • Dec 23, 2007 10:58pm Dec 23, 2007 10:58pm
Quoting savant
http://www.dailyreckoning.us/blog/?p=619

Watch the funny video on sub-prime crisis. Listed in the news page but many doesnt read news i think and have some good laugh.
I laughed until I drop from my chair Thanks man
  • #4,167
  • Dec 23, 2007 11:13pm Dec 23, 2007 11:13pm
Quoting G33maroon
hus7, i am not a fundamentalist and its not about pessimism about the information you have got. Just say if oil rise up to 120/barrel, this will mean trouble to a lot of companies. some economies may be experiencing cost push inflation. so many nations will not allow this to happen and will give great pressure to the OPEC nations to increase supply. but again, it may happens, who knows.

regards,
yup ur rite, but please take a look also on china after the olympic beijing 2008, they have to pay their debt especially on steel supply which earlier hit us on steel price increase by more than 200% on 2003-2004. By what currency they will paying their debts? i'll not worry if somebody here can tell that anything goes wrong with china economy will not hurt us in malaysia and the world
  • #4,168
  • Dec 23, 2007 11:19pm Dec 23, 2007 11:19pm
Quoting hus7
yup ur rite, but please take a look also on china after the olympic beijing 2008, they have to pay their debt especially on steel supply which earlier hit us on steel price increase by more than 200% on 2003-2004. By what currency they will paying their debts? i'll not worry if somebody here can tell that anything goes wrong with china economy will not hurt us in malaysia and the world
Good point... don't play a fool with CHINA nowadays. I can say that they are the most powerful country in economics terms at this moment. Anything that their economist say... the whole world will listen attentively. Remember last time that China Man saying might be moving RESERVE from USD to EURO... the market went super duper CRAZY!!!
  • #4,169
  • Dec 23, 2007 11:43pm Dec 23, 2007 11:43pm
Quoting hus7
yup ur rite, but please take a look also on china after the olympic beijing 2008, they have to pay their debt especially on steel supply which earlier hit us on steel price increase by more than 200% on 2003-2004. By what currency they will paying their debts? i'll not worry if somebody here can tell that anything goes wrong with china economy will not hurt us in malaysia and the world
Never underestimate the Chinese' economic prowess. If she wants to, she can bring the US down to her knees. And you are only fooling yourself if you think the far east is sheltered. US economy is highly dependent on China, so is Western Europe and also Asia including Japan. If China goes bust, there will be a domino effect for the rest of the world.
  • #4,170
  • Dec 23, 2007 11:56pm Dec 23, 2007 11:56pm
Quoting Malaysia
Good Morning Malaysia Rise and shine!!!

Hmmm... look at Cable H1 chart... About 8 times testing and poking the 1.9808 SUPPORT and still failing to break it STRONG SUPPORT eh?

What ever happen... I am only gonna SELL FROM BOUNCE until there's clear confirmation of REVERSAL by TA or FA... I just heard the rumors that BOE might CUT the IR 4 times next year . Just letting the Bull get higher now before SFB.
Just closed my position. Catch US$100 today Not bad for a slow/dormant market.
Attached Image (click to enlarge)
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  • #4,171
  • Dec 24, 2007 12:30am Dec 24, 2007 12:30am
Quoting Malaysia
I think it is CONFIRMED then. The GATHERING will be held at The OLD TOWN WHITE COFFEE Cafe' this FRIDAY 28th Disember 2007. I'll be there after FRIDAY's Prayer... around 2:30pm.

p/s: The Cafe' is at the Yap Kwan Seng road. It's BIG (one whole building) and you can't miss it.
Yes, yes, yes...i'm comin.
  • #4,172
  • Dec 24, 2007 12:54am Dec 24, 2007 12:54am
Quoting matsaleh
Yes, yes, yes...i'm comin.
You never missed any Gathering yet since the very beginning :surprised Even I missed the last one at PUCHONG's StarBucks
  • #4,173
  • Dec 24, 2007 1:02am Dec 24, 2007 1:02am
Of course I agree with you that world economy may not solely depending (no longer) to large western economy like the US anymore because of the autonomous growth seen in several Asian economies especially China and India. Just now I was partly trying to share my personal view that 120/barrel is quite extreme (but god bless many people out there if it does) and partly hoping that it will not because a lot of people will lose business and their job if it does. Just like I said I am not a fundamentalist guy so I am not sure if I am able to comment to satisfaction if that how a limp in the Chinese economy will affect Malaysia and the world at large.

On steel market, currently, I believe that China is the world largest steel producer with more than 30% of global market share and there has been a worry for its soaring capacity to produce. I will think that there is a possibility that they have been exporting more than what they have acquired especially when there are less and less tariff or technical barrier impose on Chinese steel nowadays. I also believe that they may even have supplied more to their own domestic market. So at this point of time I am not sure what is the effect of the use of USD to pay their debt (if any) to USD and how it will affect the US currency and in turn will it be affecting other countries economy. This is something that beyond my thinking. But one thing is that I am sure that the Chinese as one of the richest (benchmarking on their so called more than US1 trillion reserves) will have no problem to pay of their debt, if any. But the holding is so large and may pose problem if they are letting USD go, like change it to gold or change it to Euro.

In previous years, I once heard from a good source that there was a significant price different in China and other markets. Therefore, making everybody more than willingly to supply to the Chinese (diverted the supply to China). Making us (and other people) has limited access to steel supply or materials. This was probably what had pushed the price up everywhere. On worries of slow down in world economy, I would bet on soaring oil prices, decline in automotive sales and plunging consumer confidence. However, due to the strategic position of steel industry in an economy, the forecasted shrinking in steel demand due to increase in price of raw materials (scrap, iron ore) and contract prices (including freight charges) can also be considered.

Just a thought.

p/s: if you argue anymore, I will surrender
I am bored..
  • #4,174
  • Dec 24, 2007 1:08am Dec 24, 2007 1:08am
Quoting G33maroon

Just a thought.

p/s: if you argue anymore, I will surrender
Woopppyyyy... I didn't realized any argument took place I would say... just a HEALTHY DISCUSSION

p/s: G33maroon, you never failed us in giving detailed explanation. We love you here Cheers Mate!
  • #4,175
  • Dec 24, 2007 1:12am Dec 24, 2007 1:12am
Quoting tonghoe
Never underestimate the Chinese' economic prowess. If she wants to, she can bring the US down to her knees. And you are only fooling yourself if you think the far east is sheltered. US economy is highly dependent on China, so is Western Europe and also Asia including Japan. If China goes bust, there will be a domino effect for the rest of the world.
Quoting Malaysia
Good point... don't play a fool with CHINA nowadays. I can say that they are the most powerful country in economics terms at this moment. Anything that their economist say... the whole world will listen attentively. Remember last time that China Man saying might be moving RESERVE from USD to EURO... the market went super duper CRAZY!!!
Agreed with the potential of the Chinese economy. But expect the US to be the dominant for at least few decades to come.

ps: psst..better be careful that many Chinese supporter here
I am bored..
  • #4,176
  • Dec 24, 2007 1:15am Dec 24, 2007 1:15am
Quoting Malaysia
Woopppyyyy... I didn't realized any argument took place I would say... just a HEALTHY DISCUSSION

p/s: G33maroon, you never failed us in giving detailed explanation. We love you here Cheers Mate!
my brother,

the ps was just a joke. anyway, argument makes us think and share better.
I am bored..
  • #4,177
  • Dec 24, 2007 2:38am Dec 24, 2007 2:38am
Brother Sham,,,,

Do u know any public transport to go there ? Putra? Star ? Monorail... Train . Rapid kl????
  • #4,178
  • Dec 24, 2007 2:51am Dec 24, 2007 2:51am
Quoting G33maroon
Agreed with the potential of the Chinese economy. But expect the US to be the dominant for at least few decades to come.

ps: psst..better be careful that many Chinese supporter here

No worries man, chinese or non, its very clear China is Asia most powerful in-term of military or economy, especially when they taken HK in 97, and we will see another boom when they take back Taiwan. One day im sure they will become the most important n powerful economy in the world. Dont forget India too , they have tons of billionaires and richest man in the world now.
Monthly Profit & Lost :- May - +85 pips
  • #4,179
  • Dec 24, 2007 4:07am Dec 24, 2007 4:07am
Hi guys,

I'm a newbies here, may I join the gathering too?
  • #4,180
  • Dec 24, 2007 4:57am Dec 24, 2007 4:57am
Quoting savant

No worries man, chinese or non, its very clear China is Asia most powerful in-term of military or economy, especially when they taken HK in 97, and we will see another boom when they take back Taiwan. One day im sure they will become the most important n powerful economy in the world. Dont forget India too , they have tons of billionaires and richest man in the world now.
Dear Savant,

Dont worry i think its cool and its a good discussion. Hope we can do it more often as we never know what others are thinking if there is no exchange of thought. I like about the thought about Taiwan but i need to go now as there is someone pulling my leg, asking me to hurry.

regards to all & happy new year 2008 (a week to go)
I am bored..
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