USDMYR:
USD continue to rally against MYR. The rally is strong as it stay above Daily EMA20 since 2 months ago. The first sign of recovery if it break below EMA20
- Major event ahead in US is Election on Nov 8th, 2016, and possibility of rate hiking in Dec2016.
- Msia just announced Budget for 2017. Total spending increase from last budget, significant an increase in potential spending next year. However, market does not respond positive/negatively over the news. It could be due to low trading volume as budget announced post-market time. Another reason is due to expected budget by market. Take note also on possible General Election in 2017, instead of 2018 due.
USD continue to rally against MYR. The rally is strong as it stay above Daily EMA20 since 2 months ago. The first sign of recovery if it break below EMA20
- Major event ahead in US is Election on Nov 8th, 2016, and possibility of rate hiking in Dec2016.
- Msia just announced Budget for 2017. Total spending increase from last budget, significant an increase in potential spending next year. However, market does not respond positive/negatively over the news. It could be due to low trading volume as budget announced post-market time. Another reason is due to expected budget by market. Take note also on possible General Election in 2017, instead of 2018 due.
Trade closed: target reached
