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Help needed in OANDA + users from Malaysia 105 replies

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Malaysia

  • #13,601
  • Jun 4, 2008 7:55pm Jun 4, 2008 7:55pm
Quoting Malaysia
Still remember last year when the Government Hike the Oil Price... Everyone gone MAD!!!

But we still surviving till now... no problem at all... even the GDP is growing more than 6%.

Understanding about how economic works give me the satisfaction and pleasure. It's all about SUPPLY And DEMAND. Part of NATURE. Can't really control the nature... only after certain point... then the NATURE take its course... no matter what... can't fight it.

Back to basic >>> EQUILIBRIUM. With this increasing OIL price will cause other things becoming expensive too... such as FOOD and TRANSPORTATION.

I remember last time when I was in the primary school ... the cost of "Nasi Lemak" (typical Malay food) was about 20cents per plate. Right now already RM1 per plate. My mom told me... she bought Nasi Lemak only for 2cents during her time. See the price just keep on INCREASING.. but we still SURVIVING.

Why??? With all the living cost INCREASING... our INCOME also INCREASING. I bet after this everyone will be demanding a pay rise due to improving standard of living. As long as the ECONOMIC growth is healthy... this will happen. Back to EQUILIBRIUM. We will survive.

The drawback... the countries with economic problems and shortage of food... will suffer more and more. Up to the wealthy countries to help them.

The fact of life: The RICH get RICHER... the POOR get POORER. Unfair isn't it... but it's happening all around us.
Like that Sham.
But if applying "the rich gets richer; poor gets poorer" theory... that means the msian bosses wouldn't be increasing the pay so much (otherwise they wont get richer) and it would take a some long time before they will do the salary adjustments (the poor gets poorer).

In economics term, most people will have lesser overall spending power and certain businesses will start to deteriorate...

In countries like Australia, the employer (or govt) is very sensitive to fuel price so once the fuel price increase they swiftly adjust the petrol allowances for the employees. I've a fren whom is working as a part-timer got a $20 increase in petrol allowance the week after the price hit $100/barrel.

But in Malaysia (at least east Msia) that's not happening... None of my peers got an adjustment (of course other than some yearly increments) since the subsidy reduction years back.

I'm trying to make a point here for the newcomers to the working society and average family background are very difficult for us to save money with that kind of pays and this kind of expenses.
  • #13,602
  • Jun 4, 2008 9:11pm Jun 4, 2008 9:11pm
Face the reality... Our gov. never think seriously about poor citizens... All the politicians thinks only about their "big pocket"
So lets pray this type of gov. will collapse soon as the oil price collapse


Quoting baronfei
Like that Sham.
But if applying "the rich gets richer; poor gets poorer" theory... that means the msian bosses wouldn't be increasing the pay so much (otherwise they wont get richer) and it would take a some long time before they will do the salary adjustments (the poor gets poorer).

In economics term, most people will have lesser overall spending power and certain businesses will start to deteriorate...

In countries like Australia, the employer (or govt) is very sensitive to fuel price so once the fuel price increase they swiftly adjust the petrol allowances for the employees. I've a fren whom is working as a part-timer got a $20 increase in petrol allowance the week after the price hit $100/barrel.

But in Malaysia (at least east Msia) that's not happening... None of my peers got an adjustment (of course other than some yearly increments) since the subsidy reduction years back.

I'm trying to make a point here for the newcomers to the working society and average family background are very difficult for us to save money with that kind of pays and this kind of expenses.
There is no bad decisions, its only didn't work out.
  • #13,603
  • Jun 4, 2008 9:13pm Jun 4, 2008 9:13pm
Here is a Copy and Paste that I just did at "Knowledge Is Power" thread.

A Very Good Editorial that sums things up very good.

Great Great Editorial About The Words Of Bernake !!!
Quote:
Originally Posted by Fx-fe Jaco http://www.forexfactory.com/images/buttons/viewpost.gif
105.3 good point to enter, but I'm hoping the words of Bernanke


June 4, 2008 10:05 PM EST

USD/JPY High is 105.489 and Bid now is 105.45

All Currencies Weak EUR/USD 1.5389 Bid ECB Rate Decision in AM GBP/USD 1.9511 Bid and EUR/JPY 162.33 Bid

Now here is WHY ? Short Term ... A Bernake Hail Mary !!!

http://www.financialsense.com/fsu/ed...2008/0604.html

Snippet:

http://www.financialsense.com/fsu/im...les/search.gif

And the Ben Bernanke Award for Fiction Goes to...

by Adrian Ash, Editor, Bullion Vault | June 4, 2008

Print
"...Ben Bernanke's speech in Barcelona this week hardly marks a new strong Dollar policy..."
BEN BERNANKE put the wind up Dollar bears, Gold bulls and just about everyone else in the currency markets for a whole hour on Tuesday.
The Dollar's decline, explained the Fed chairman, could accelerate the rate of inflation inside the United States.
That startling insight that won't win him any Nobel awards for economics this year. But the broad pundits' reaction deserves a Pulitzer prize for fiction.
http://www.financialsense.com/fsu/ed...es/0604.h2.gif
{Promotion Removed}
  • #13,604
  • Edited 9:31pm Jun 4, 2008 9:29pm | Edited 9:31pm
THIS BAD ...

http://www.doctorhousingbubble.com/c...housing-attic/

Many experts are expecting $400 to $1 trillion in credit market writedowns before this thing is over. As of April of 2008, we’ve had a total of $231 billion in credit writedowns (a bit higher given the additional writedowns in the past few months). Since people are now liking this thing to a baseball game, I see it more like game 1 of the NBA Finals. We’ve finally narrowed the field from 16 teams to 2. Now we find out that only one can stand and it isn’t going to be debt. Here is the list of writedowns as of April and all figures are in billions:
FirmWritedownCredit Loss (a)TotalUBS

38

38

Merrill Lynch

25.1

25.1

Citigroup

21.4
2.5
23.9

HSBC

3
9.4
12.4

Morgan Stanley

11.7

11.7

IKB Deutsche

9

9

Bank of America

7.3
0.9
8.2

Deutsche Bank

7.4

7.4

Credit Agricole

6.5

6.5

Credit Suisse

6.3

6.3

Washington Mutual

0.3
5.5
5.8

JPMorgan Chase

2.9
2.1
5

Wachovia

2.9
2
4.9

Canadian Imperial (CIBC)

4

4

Societe Generale

3.8

3.8

Mizuho Financial Group

3.4

3.4

Lehman Brothers

3.3

3.3

Barclays

3.2

3.2

Royal Bank of Scotland

3.1

3.1

Goldman Sachs

3

3

Dresdner

2.7

2.7

Bear Stearns

2.6

2.6

ABN Amro

2.4

2.4

Fortis

2.3

2.3

Natixis

1.9

1.9

HSH Nordbank

1.7

1.7

Wells Fargo

0.3
1.4
1.7

BNP Paribas

1.3
0.3
1.6

DZ Bank

1.5

1.5

National City

0.4
1
1.4

Bank of China

1.3

1.3

Bayerische Landesbank

1.3

1.3

Caisse d`Epargne

1.3

1.3

LB Baden-Wuerttemberg

1.3

1.3

Nomura Holdings

1

1

Sumitomo Mitsui

1

1

Gulf International

1

1

European banks not listed above (b)

8.4

8.4

Asian banks not listed above

4
0.7
4.7

Canadian banks excluding CIBC (d)

2.4
0.1
2.5

Totals

206
25.8
231.8



Not a Pretty Picture !!!


Bruce
{Promotion Removed}
  • #13,605
  • Jun 4, 2008 9:36pm Jun 4, 2008 9:36pm
Candlestick Forecast for 5 June 2008

Based on Daily Candlestick on 4 June (Wednesday)

1. USDCHF
- White Doji star Reversal: possible top

PREVIOUS 1st DAY CANDLESTICK SIGNAL
-- Bullish Harami Line: Wait for next signal.

PREVIOUS 2nd DAY CANDLESTICK SIGNAL
--- Incomplete Dark Cloud Cover: Bearish in nature but need confirmation


2. USDJPY
- White lower shadow
- Confluence Sign: Bearish Signal in nature

PREVIOUS 1st DAY CANDLESTICK SIGNAL
-- Incomplete Dark Cloud Continuation: indicating down trend

PREVIOUS 2nd DAY CANDLESTICK SIGNAL
--- Incomplete Dark Cloud Cover: Bearish in nature but need confirmation


3. EURUSD
- Black Spinning Top: Neutral
- Stochastic Oscillator oversold

PREVIOUS 1st DAY CANDLESTICK SIGNAL
-- Incomplete Dark Cloud Cover: Market overbought: Stochastic is below 40, look to cover short position when stochastic is below 20.

PREVIOUS 2nd DAY CANDLESTICK SIGNAL
--- Black Bearish Candle



4. GBPUSD
- Bearish Trending : Sell signal

PREVIOUS 1st DAY CANDLESTICK SIGNAL
-- Black inverted hammer


PREVIOUS 2nd DAY CANDLESTICK SIGNAL
--- Sell Signal


5. GBPJPY
- Long legged Black Doji Line: possible reversal
- Incomplete Dark Cloud Cover: Bearish in nature but need confirmation. Might well to ignore it.

PREVIOUS 1st DAY CANDLESTICK SIGNAL
-- Bearish Hangman continuation: Indicate a bearish trend

PREVIOUS 2nd DAY CANDLESTICK SIGNAL
--- Bearish Hangman Confirmation: Sell Signal
  • #13,606
  • Edited Jun 5, 2008 2:17am Jun 4, 2008 11:05pm | Edited Jun 5, 2008 2:17am
Quoting baronfei
Like that Sham.
But if applying "the rich gets richer; poor gets poorer" theory... that means the msian bosses wouldn't be increasing the pay so much (otherwise they wont get richer) and it would take a some long time before they will do the salary adjustments (the poor gets poorer).

In economics term, most people will have lesser overall spending power and certain businesses will start to deteriorate...

In countries like Australia, the employer (or govt) is very sensitive to fuel price so once the fuel price increase they swiftly adjust the petrol allowances for the employees. I've a fren whom is working as a part-timer got a $20 increase in petrol allowance the week after the price hit $100/barrel.

But in Malaysia (at least east Msia) that's not happening... None of my peers got an adjustment (of course other than some yearly increments) since the subsidy reduction years back.

I'm trying to make a point here for the newcomers to the working society and average family background are very difficult for us to save money with that kind of pays and this kind of expenses.
Chill out my friend

This is how the nature of SUPPLY AND DEMAND will work:

1) Immediate effect... it hurt! Ouch! Nature always works in violent ways.

2) Many employees will demand pay rise. It will happen eventually provided the economic GROWTH still in a healthy stage. Employer will increase the salary. Only one or two firms start to do that... the chain reaction will happen with increasing pressure to other firms.

3) If that NOT happen... the buying power deteriorate... Thus, DEMAND will deteriorate. Less demand will eventually decrease the Products Price. Then the buying power will increase again.

 4) With Spiking INFLATION... Bank Negara will HIKE Interest Rate. Thus people will tend to SAVE rather than spending. Hence, Demand will decrease and PRICE will also decrease. Not to worry about the Economic Growth when HIKING the IR since our Economic Growth still in the Healthy state. With IR Hike... Malaysian Ringgit value will also strengthened.

5) With financial pressure... with the human nature of survival... will motivate people to work harder (i.e. part time job... extra income job).

In the end... things will be back to normal. And we will forget how expensive the petrol price is. It happened before... again and again.

Providing if the Economy Growth still in a healthy stage... Malaysia GDP is still more than 6%... Don't worry too much. The MELTDOWN is when STAGFLATION... meaning INFLATION when Economy is STAGNANT or deteriorating. Then that can cause REAL TURMOIL.... DANGER!!!
  • #13,607
  • Jun 4, 2008 11:07pm Jun 4, 2008 11:07pm
I heard Malaysia is doing away with petrol subsidy so prices will go up almost 50%. Is that a final decision? How will that impact economy there? India is supposed to be doing something similar soon. That might have an effect on oil prices, and in turn, currencies.
Expected the unexpected
  • #13,608
  • Jun 4, 2008 11:12pm Jun 4, 2008 11:12pm
Quoting scyang
I heard Malaysia is doing away with petrol subsidy so prices will go up almost 50%. Is that a final decision? How will that impact economy there? India is supposed to be doing something similar soon. That might have an effect on oil prices, and in turn, currencies.

It already commenced since last night at 12am.
  • #13,609
  • Jun 4, 2008 11:14pm Jun 4, 2008 11:14pm
Quoting Malaysia
It already commenced since last night at 12am.
That is a huge increase. Will people cut down driving now? Will the government subsidize some other way?
Expected the unexpected
  • #13,610
  • Jun 4, 2008 11:20pm Jun 4, 2008 11:20pm
Quoting puteraku73
Face the reality... Our gov. never think seriously about poor citizens... All the politicians thinks only about their "big pocket"
So lets pray this type of gov. will collapse soon as the oil price collapse
If you are the Government... what would you do with the current situation?

What is your decision?

Not to forget... since the Oil Subsidize is taken away... thus Government will have Billions of Money to improvize the nation infrastructures. This will provide more job opportunity with many PROJECTS and CONSTRUCTION can be taken place.
  • #13,611
  • Jun 4, 2008 11:21pm Jun 4, 2008 11:21pm
Quoting Malaysia
Chill out my friend

This is how the nature of SUPPLY AND DEMAND will work:

1) Immediate effect... it hurt! Ouch! Nature always works in violent ways.

2) Many employees will demand pay rise. It will happen eventually provided the economic GROWTH still in a healthy stage. Employer will increase the salary. Only one or two firms start to do that... the chain reaction will happen with increasing pressure to other firms.

3) If that NOT happen... the buying power deteriorate... Thus, DEMAND will deteriorate. Less demand will eventually decrease the Products Price. Then the buying power will increase again.

4) With spiking INFLATION... Bank Negara will CUT the Interest Rate. Hence, less motivation to SAVE money in the bank but will increase motivation to spend the money. I.e. Car loans and housing loans will have less Interest Rate charge... thus... looks cheap to buy.

5) With financial pressure... with the human nature of survival... will motivate people to work harder (i.e. part time job... extra income job).

In the end... things will be back to normal. And we will forget how expensive the petrol price is. It happened before... again and again.

Providing if the Economy Growth still in a healthy stage... Malaysia GDP is still more than 6%... Don't worry too much. The MELTDOWN is when STAGFLATION... meaning INFLATION when Economy is STAGNANT or deteriorating. Then that can cause REAL TURMOIL.... DANGER!!!
Attached Image


nevermind...just ride the bicycle after this,...no more petrol cost....
  • #13,612
  • Jun 4, 2008 11:23pm Jun 4, 2008 11:23pm
just out of topic a while...

Ah Beng bought a new mobile.
He sent a message to everyone from his Phone Book & said,
"My Mobile No. Has changed. Earlier it was Nokia 3310. Now it is 6610"

Ah Beng: I am a Proud, coz my son is in MedicalCollege .
Friend: Really, what is he studying.
Ah Beng: No, he is not studying, they are studying him.Ah Beng: Doctor, in my dreams, I play football every night.
DR: Take this tablet, you will be ok.
Ah Beng: Can I take tomorrow, tonight is final game.

Ah Beng: If I die, will u remarry?
Wife: No! I'll stay with my sister. But if I die will u remarry?
Ah Beng: No, I'll also stay with your sister.

Ah Beng: People consider me as a "GOD"
Wife: How do you know??
Ah Beng: When I went to the Park today, everybody said,
Oh GOD! U have come again.

Ah Beng complained to the police: "Sir, all items are missing,
except the TV in my house."
Police: "How the thief did not take TV?"
Ah Beng: "I was watching TV news..."

Ah Beng comes back 2 his car & find a note saying "Parking Fine"
He Writes a note and sticks it to a pole "Thanks for compliment."

How do you recognize Ah Beng in School?
He is the one who erases the notes from the book when the teacher erases
the board.

Once A Beng was walking he had a glove on one hand and not on other.
So the man asked him why he did so. He replied that the weather forecast
announced that on one hand it would be cold and on the other hand it would
be hot.

Ah Beng in a bar and his cellular phone rings. He picks it up and
Says "Hello, how did you know I was here?"

Ah Beng: Why are all these people running?
Man - This is a race, the winner will get the cup
Ah Beng - If only the winner will get the cup, why others running?

Teacher: "I killed a person" convert this sentence into future tense
Ah Beng: The future tense is "u will go to jail"

Ah Beng told his servant: "Go and water the plants!"
Servant: "It's already raining."
Ah Beng: "So what? Take an umbrella and go."

A man asked Ah Beng why Ahmad Badawi goes walking in the Evening and not
in the morning. Ah Beng replied Ahmad Badawi is PM not AM

get from somebody in my email...
  • #13,613
  • Jun 4, 2008 11:29pm Jun 4, 2008 11:29pm
Hi guys!!!Panic buy for petrol is over....Now lets concentrate to gain more pips today....UK and Euro rate decision looming....Everybody is expecting the rate to remain....Will wait for further confirmation on the direction of geppy....
  • #13,614
  • Jun 4, 2008 11:31pm Jun 4, 2008 11:31pm
Quoting scyang
That is a huge increase. Will people cut down driving now? Will the government subsidize some other way?
The power of nature. We are equipped with the drive for SURVIVAL. My wife already decided to CAR POOL with her friends to go to work everyday.

The BILLIONS of money from the SUBSIDIZE will be use to provide economic growth and stability.

Just think... with the OIL PRICE SPIKE... GOVERNMENT suffered a lot with the SUBSIDIZE burdens. Thus, less money to provide INFRASTRUCTURE for economic growth. Many projects and construction and plans are forced to put on hold or cancelled. In the end... many UNEMPLOYED. Many business bankrupt. Economy meltdown. RECESSION.

If you are the government, what would you do? Keep on SUBSIDIZING that jeopardizing economic growth?

It's a TOUGH decision to make. Got to broaden the perspective to see the clear picture.
  • #13,615
  • Jun 4, 2008 11:34pm Jun 4, 2008 11:34pm
Quoting cappalz
just out of topic a while...


get from somebody in my email...
Heheheh....You put a big smile on my face bro....
  • #13,616
  • Jun 4, 2008 11:36pm Jun 4, 2008 11:36pm
Quoting Malaysia
The power of nature. We are equipped with the drive for SURVIVAL. My wife already decided to CAR POOL with her friends to go to work everyday.

The BILLIONS of money from the SUBSIDIZE will be use to provide economic growth and stability.

Just think... with the OIL PRICE SPIKE... GOVERNMENT suffered a lot with the SUBSIDIZE burdens. Thus, less money to provide INFRASTRUCTURE for economic growth. Many projects and construction and plans are forced to put on hold or cancelled. In the end... many UNEMPLOYED. Many business bankrupt. Economy meltdown. RECESSION.


The high oil prices sure is not a good thing for the vast majority of the people in the world. Only a handful of hedge funds are making big fat profit from the bull run. It might be cracking soon as it's been moving downward towards 120 mark. If it cracks through, people might rush in to short the thing sending it down further. If that happens, I hope everybody here will be on hand to long USD.
Expected the unexpected
  • #13,617
  • Jun 4, 2008 11:38pm Jun 4, 2008 11:38pm
If i am the gov.? I will keep the subsidize... infact rather than ask the people to tight their expenditure... The gov. must 1st tight their unnecessary expenditure.

Gov. will not simply improve our nation infrastructures easily unless theres political needs.. Remember, you like it or not you have to buy your basic needs (rice, cooking oil, electricity, water, etc). By increase oil price, all these thing will go higher. No matter you have a job or jobless, you still have to fight for survive. There is millions of poor people than rich people in malaysia.
So think what will happen to them? Just put ourself in their shoes...

Gov. decision only benefit to upper class people no matter what the gov. give the reason or give a "little gift" to middle and lower class people, these oil thing will kill the citizen.


Quoting Malaysia
If you are the Government... what would you do with the current situation?

What is your decision?

Not to forget... since the Oil Subsidize is taken away... thus Government will have Billions of Money to improvize the nation infrastructures. This will provide more job opportunity with many PROJECTS and CONSTRUCTION can be taken place.
There is no bad decisions, its only didn't work out.
  • #13,618
  • Jun 4, 2008 11:43pm Jun 4, 2008 11:43pm
Quoting Malaysia
The power of nature. We are equipped with the drive for SURVIVAL. My wife already decided to CAR POOL with her friends to go to work everyday.

The BILLIONS of money from the SUBSIDIZE will be use to provide economic growth and stability.

Just think... with the OIL PRICE SPIKE... GOVERNMENT suffered a lot with the SUBSIDIZE burdens. Thus, less money to provide INFRASTRUCTURE for economic growth. Many projects and construction and plans are forced to put on hold or cancelled. In the end... many UNEMPLOYED. Many business bankrupt. Economy meltdown. RECESSION.
Totally agree with you bro...Sometimes people just being too pampered....Too many excuses to sacrifice a little bit....Hope this will toughen up our people....
  • #13,619
  • Jun 4, 2008 11:52pm Jun 4, 2008 11:52pm
Quoting puteraku73
If i am the gov.? I will keep the subsidize... infact rather than ask the people to tight their expenditure... The gov. must 1st tight their unnecessary expenditure.

Gov. will not simply improve our nation infrastructures easily unless theres political needs.. Remember, you like it or not you have to buy your basic needs (rice, cooking oil, electricity, water, etc). By increase oil price, all these thing will go higher. No matter you have a job or jobless, you still have to fight for survive. There is millions of poor people than rich people in malaysia.
So think what will happen to them? Just put ourself in their shoes...

Gov. decision only benefit to upper class people no matter what the gov. give the reason or give a "little gift" to middle and lower class people, these oil thing will kill the citizen.
If I am the GOVERNMENT... I STOP subsidizing. Use up the money to provide infrastructures for the poor and rural area. Create JOB OPPORTUNITIES for them. With many projects available. This will increase their standard of living.

With the BIG SUBSIDIZE... who profited the most? The RICH... not the poor. The poor don't even have a car.

Economy will grow tremendously with efficient infrastructures. Create motivation for INVESTMENT from inside and outside the country.
  • #13,620
  • Jun 4, 2008 11:56pm Jun 4, 2008 11:56pm
If you're the gov. i will vote for you.. thats for sure!!
Unfortunately you're not the gov. right now So i think these oil things is not good for malaysian citizens

Quoting Malaysia
If I am the GOVERNMENT... I STOP subsidizing. Use up the money to provide infrastructures for the poor and rural area. Create JOB OPPORTUNITIES for them. With many projects available.

Economy will grow tremendously with efficient infrastructures. Create motivation for INVESTMENT from inside and outside the countries.
There is no bad decisions, its only didn't work out.
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