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16.70   +0.06 (0.36%)  16.52 - 16.84  239,700
1,143 comment(s). Last comment by ethan at Jan 5, 2021 5:27 PM
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masterus
1940 posts

Posted by masterus > Jul 12, 2017 1:17 PM | Report Abuse

U.S. Dollar Could Crash 20%
Tucker Higgins Tucker Higgins Follow Jul 11, 2017 5:46 PM EDT
Play Video
U.S. Dollar Could Fall Another 20%

Foreign-exchange expert Douglas Borthwick say the U.S. dollar might plunge another 20% in the second half, as he believes the Trump administration wants a weaker greenback that will benefit U.S. trade.

"We've got another 20% to go before I feel satisfied that the U.S. has reached that weaker-dollar policy," Borthwick, who writes about forex for TheStreet, said during our latest Trading Strategies roundtable for investors.

Borthwick, managing director of Chapdelaine FX, said that the dollar will have to fall lower for longer to help fulfill the Trump administration's stated goals of improving U.S. manufacturing.

He said the U.S. Dollar Index (^DXY) is lower than it was before Donald Trump's election, "but it's still not low enough. The weaker-dollar policy that the Trump administration is pursuing is based on making the U.S. competitive -- and it has to be competitive not just for a couple of months where the dollar is weak, but for the next four to eight years."

A declining U.S. dollar could boost sectors besides manufacturing, such as commodities, which are generally denominated in dollars. The dollar has been on a downward move since January compared to a basket of major currencies. The greenback is now at at its lowest point since September 2016, according to the Federal Reserve Bank of St. Louis.

President Trump has divided from his administration on dollar policy. Though Treasury Secretary Steve Mnuchin has said a strong dollar is good for the U.S. economy, Trump has said he prefers a weak dollar because that benefits manufacturing.


masterus
1940 posts

Posted by masterus > Jul 26, 2017 10:06 AM | Report Abuse

Chinese crude oil imports are expected to exceed 400 million tons this year, and to further rise next year, Zhang Haichao, vice president of Sinopec Group, told Reuters on Tuesday.

The estimate provided by Zhang means that Chinese demand for foreign crude would rise by 400,000 bpd, and for the first time ever, rising imports could make China the world’s top crude oil importer on an annual basis, according to Reuters.

Chinese customs data has revealed that the world’s second-largest consumer of crude oil imported 8.55 million bpd during the first half of the year, or 212 million tons in total – a 13.8-percent annual increase. The growth in imports comes on the back of higher refinery runs after a maintenance period, as well as dwindling local crude production.


masterus
1940 posts

Posted by masterus > Jul 26, 2017 10:06 AM | Report Abuse

Brent price back to $50/barrel


masterus
1940 posts

Posted by masterus > Jul 27, 2017 7:42 AM | Report Abuse

Brent crude prices edged closer to $51 a barrel, the highest level in two months, after US stockpiles fell more than analysts expected.

The global oil price benchmark rose 1.27 per cent to $50.84 per barrel while West Texas Intermediate (WTI) oil prices, the benchmark for the US, were trading 1.52 per cent higher at $48.62 per barrel.

US inventories dropped by 7.2m barrels in the week to 21 July while analysts expected a decline of just 2.6m barrels, according to official data published by the Energy Information Administration (EIA) today.


masterus
1940 posts

Posted by masterus > Jul 31, 2017 9:37 AM | Report Abuse

Brent now at $52 and above.


masterus
1940 posts

Posted by masterus > Aug 1, 2017 7:20 AM | Report Abuse

Sanctions On Venezuela Could Push Oil Into The Mid-$50s


mancingbursa
4264 posts

Posted by mancingbursa > Sep 13, 2017 3:02 PM | Report Abuse

Aim....


masterus
1940 posts

Posted by masterus > Sep 14, 2017 7:07 AM | Report Abuse

Brent reached $55 and above.


masterus
1940 posts

Posted by masterus > Sep 15, 2017 4:58 PM | Report Abuse

Navy vessels are moored in port at the U.S. Naval Base, Guam CREDIT: REUTERS

Julian Ryall
15 SEPTEMBER 2017 • 6:03AM
North Korea's launch of a ballistic missile that flew more than 2,300 miles before falling into the Pacific Ocean is a "clear and unequivocal" message to the United States that Pyongyang has the ability to strike Guam.

The distance from Pyongyang to Guam is a little over 2,100 miles and North Korea identified it as a target in early August, threatening to launch four Hwasong-12 intermediate-range ballistic missiles into waters close to the island.

The intention, according to analysts, was to demonstrate that Pyongyang would have no compunction in the event of war from targeting the resort island in order to interrupt air attacks on the North as well as efforts to reinforce ground forces on the Korean Peninsula.


mancingbursa
4264 posts

Posted by mancingbursa > Sep 19, 2017 8:09 AM | Report Abuse

Tap tap tap.......


tklim
2762 posts

Posted by tklim > Sep 22, 2017 2:52 PM | Report Abuse

SELL.....ADX...


Kingoffry
172 posts

Posted by Kingoffry > Sep 23, 2017 1:20 AM | Report Abuse

Going 16.00


masterus
1940 posts

Posted by masterus > Sep 23, 2017 11:14 AM | Report Abuse

AFP/Getty Images
Oil ended slightly higher on Friday, with prices extending a streak of weekly gains, as major oil producers at an OPEC-led committee meeting boasted record compliance with their production-cut agreement, but, as expected, reached no decision to extend the agreement.

U.S. benchmark, November West Texas Intermediate crude US:CLV7 added 11 cents, or 0.2%, to settle at $50.66 a barrel on the New York Mercantile Exchange, with the contract settling at a roughly four-month high, according to FactSet data. For the week, the November contract gained 0.4%, while prices tracking the front-month contracts were up 1.5%. Oil also tallied third-straight weekly climb.


Meanwhile, November Brent crude LCOX7, +0.83% the global benchmark, added 43 cents, or 0.8%, to $56.86 a barrel on the ICE Futures Europe exchange. The contract gained about 2.2% for the week, its fourth-consecutive weekly climb.

On Friday, the Joint OPEC-Non-OPEC Ministerial Monitoring Committee, or JMMC, which includes Organization of the Petroleum Exporting Countries members Algeria, Kuwait and Venezuela as well as non-OPEC Russia, announced in a news release that the countries participating in a production-cut agreement reached record monthly compliance with the pact.

Time
Crude Oil - Electronic Nov 2017
24 Aug
30 Aug
5 Sep
11 Sep
21 Sep
15 Sep
US:CLX7$46$47$48$49$50$51
Under the agreement, OPEC, along with several producers outside the cartel, said they would eliminate about 2% of the global oil supply through March 2018. There has also been speculation recently that producers are considering a further extension of the deal to the end of next year.

The producers reached a conformity level of 116% in August, the committee said Friday. Compliance was at 94% in July.


masterus
1940 posts

Posted by masterus > Sep 25, 2017 11:39 PM | Report Abuse

Brent crude hits new 2017 high above $58 as bulls see more oil gains ahead
Brent crude oil hit a new 2017 high, as U.S. crude topped $51 a barrel for the first time in four months.
The market expects oil producers to extend a deal to limit output as demand forecasts rise.
Hedge funds raised their bets that oil prices will rise, figures from the CFTC show.


masterus
1940 posts

Posted by masterus > Sep 26, 2017 10:49 AM | Report Abuse

Brent moved to $59 and above.


mancingbursa
4264 posts

Posted by mancingbursa > Sep 26, 2017 10:56 AM | Report Abuse

Yest up crazy but today ding dong? Lucky i sold at last minute


masterus
1940 posts

Posted by masterus > Oct 8, 2017 5:30 AM | Report Abuse

Turkey, Iran, and Iraq join forces against emergence of Kurdistanbrian wang | October 6, 2017 |


Turkey, Iran, and Iraq adopted a coordinated, aggressive force posture in retaliation for the Kurdistan Regional Government’s (KRG) independence referendum on September 25, 2017. The Iraqi Security Forces (ISF) conducted military exercises on the borders of Iraqi Kurdistan with the Turkish Armed Forces, the Islamic Revolutionary Guards Corps, and Iranian Artesh. Turkey and Iran implemented a ban on direct flights from Northern Iraq on September 29. The ISF has also begun to establish security checkpoints at border crossings from Iraqi Kurdistan to Turkey and Iran. The tripartite has yet to enact economic embargos, although the three states threatened to block crude oil exports from the KRG following a temporary ban by Iran. Turkey, Iran, and Iraq nonetheless remain unlikely to escalate militarily in the near term. The U.S. has opposed the KRG’s unilateral campaign on the grounds that it will harm the prospects for a unified, independent, and representative Iraq. The tripartite response and Iran’s growing role also threaten that goal.

The tripartite cooperation between Turkey, Iran, and Iraq builds upon preexisting multilateral frameworks that ultimately expand Iran’s regional influence and undercut American influence. Russia, Iran, and Syria have begun coopting elements of the Iraqi government into a ‘Quartet’ for operations along the Syrian-Iraqi Border. Russia and Iran have also drawn Turkey into a diplomatic process that favors their own interests through the Astana Talks on the Syrian Civil War. Iran will exploit these overlapping forums to expand and legitimize its destabilizing involvement in Iraq, Syria, and the wider Middle East. Russia also sees opportunity in these forums.It has set conditions to engage more deeply in Iraq amidst the uncertainty surrounding the KRG’s drive for independence. These forums will undermine the prospects for establishing independent, representative, and unitary states in Iraq and Syria – a requirement for achieving broader U.S. objectives.


masterus
1940 posts

Posted by masterus > Oct 8, 2017 5:37 AM | Report Abuse

Oil is at the center of it all. Kurdistan itself is rich in oil, possessing reserves equal to 45 billion barrels, and could potentially become a larger producer than Nigeria. According to figures from the KRG, Kurdistan currently exports about 600,000 barrels a day, though that number is difficult to account for. Other reports indicated it exports something closer to 430,000 or around ten percent of Iraq’s total oil exports.


masterus
1940 posts

Posted by masterus > Oct 8, 2017 5:37 AM | Report Abuse

The Kurdish Referendum Could Reshape Oil Markets


Jin Chi
4 posts

Posted by Jin Chi > Oct 10, 2017 4:28 PM | Report Abuse

wah wah wah +0.3


masterus
1940 posts

Posted by masterus > Oct 12, 2017 12:28 PM | Report Abuse

China will 'compel' Saudi Arabia to trade oil in yuan — and that's going to affect the US dollar
"I believe that yuan pricing of oil is coming and as soon as the Saudis move to accept it — as the Chinese will compel them to do — then the rest of the oil market will move along with them," Carl Weinberg, chief economist and managing director at High Frequency Economics, told CNBC
In recent years, several nations opposed to the dollar being the world's reserve currency have progressively sought to try and abandon it
OPEC kingpin Saudi Arabia is at the crux of the petrodollar


mancingbursa
4264 posts

Posted by mancingbursa > Oct 13, 2017 11:21 AM | Report Abuse

Sayang....


masterus
1940 posts

Posted by masterus > Oct 17, 2017 4:28 PM | Report Abuse

POLITICS & GOVERNMENT
Currency
Indonesia's central bank allows ringgit, baht in trade
Reuters
/
Reuters

October 16, 2017 23:58 pm MYT

-A+A
JAKARTA (Oct 16): Indonesia's central bank said on Monday it will allow transaction settlement for bilateral trade between Indonesia, Malaysia and Thailand to be conducted in local currencies.

The new regulation is aimed at reducing dependency on the US dollar and limiting exposure to volatile foreign exchange rates.

The rule, which goes into effect on Jan. 2 next year, allows Indonesian exporters or importers to settle payments with their Malaysian or Thai counterparts using rupiah, ringgit or baht.

[X] CLOSE
Sponsored Content


0:00



The three currencies are among the most volatile in the region.

Bank Indonesia, Bank of Thailand and Bank Negara Malaysia, will select banks that will be able to carry out such transactions, Indonesia's central bank said in a statement.


mancingbursa
4264 posts

Posted by mancingbursa > Oct 19, 2017 3:35 PM | Report Abuse

Foreigners throw kaw kaw drop 40 sen til now


mancingbursa
4264 posts

Posted by mancingbursa > Oct 19, 2017 7:01 PM | Report Abuse

Mm....


masterus
1940 posts

Posted by masterus > Oct 27, 2017 10:59 AM | Report Abuse

Brent reached $59 above.


ABSBOSS
656 posts

Posted by ABSBOSS > Oct 28, 2017 7:34 PM | Report Abuse

budget 2018 any benefit to petgas?


masterus
1940 posts

Posted by masterus > Oct 29, 2017 5:10 PM | Report Abuse

U.S. Oil & Gas Rig Count Falls As Brent Breaks $60

By Julianne Geiger - Oct 27, 2017, 12:16 PM CDT
Oil
As Saudi’s comments regarding the OPEC extension send the Brent Crude benchmark over $60 in mid-day trading for the first time in more than two years, oil and gas rigs in the United States fell for yet another week, according to Baker Hughes, dipping 4 rigs.

The total oil and gas rig count in the United States now stands at 909 rigs, up 352 rigs from the year prior, with the number of oil rigs in the United States increasing by 1 this week and the number of natural gas rigs decreasing by 5. Canada saw a decline of 11 in the number of active oil and gas rigs. The US oil rig count now stands at 737.

The spot price for WTI is also trading up to its highest level in six months, up 2.07% on the day at $53.73 at 12:30pm EST. Brent crude was trading up 1.61% at $59.99 at that time—more than $2 over last week’s close.

The price increase is largely thanks to Saudi Crown Prince Mohammed bin Salman’s non-specific backing of an extended OPEC deal, reassurances that the Aramco IPO is still on track, and his commitment to move the country beyond fossil fuels. Fears that the Iraqi vs. Kurd conflict may not find a quick end also lent support to prices.


masterus
1940 posts

Posted by masterus > Nov 1, 2017 9:38 AM | Report Abuse

Brent break $61 and above


ABSBOSS
656 posts

Posted by ABSBOSS > Nov 1, 2017 12:10 PM | Report Abuse

tomorrow qtr result out...hope good result


ABSBOSS
656 posts

Posted by ABSBOSS > Nov 6, 2017 4:43 PM | Report Abuse

mati oooo ini macam!!!!


azfar8
574 posts

Posted by azfar8 > Nov 7, 2017 9:26 AM | Report Abuse

what happen, yesterday drop quite a lot


ABSBOSS
656 posts

Posted by ABSBOSS > Nov 7, 2017 10:47 AM | Report Abuse

epf buang la..nak bayar bonus govt servant xda wang


chandra54
114 posts

Posted by chandra54 > Nov 8, 2017 2:56 PM | Report Abuse

result tak bagus tu pasai lambat nak publish. tak boleh pakai lah counter ni. lari cepat


ABSBOSS
656 posts

Posted by ABSBOSS > Nov 8, 2017 9:38 PM | Report Abuse

tak oayah lari terjun aja... hahaha


ScrewDriver
332 posts

Posted by ScrewDriver > Nov 8, 2017 10:00 PM | Report Abuse

This counter is so funny, last 4 Q financial performance is better than 2013-2015,yet the price is no way close to the 2014 peak.


MoneyUp888
842 posts

Posted by MoneyUp888 > Nov 9, 2017 10:00 AM | Report Abuse

http://www.klsescreener.com/v2/news/view/304213 Retard politicians as if our country economy isn't bad enough


ABSBOSS
656 posts

Posted by ABSBOSS > Nov 9, 2017 10:58 PM | Report Abuse

today reach 18 again...


ABSBOSS
656 posts

Posted by ABSBOSS > Nov 10, 2017 11:47 AM | Report Abuse

highest today 18.16 ...ini mesti sudah ada bau good news nih....


ABSBOSS
656 posts

Posted by ABSBOSS > Nov 10, 2017 2:17 PM | Report Abuse

Aiya...result so so only...


risenfall
316 posts

Posted by risenfall > Nov 11, 2017 7:25 PM | Report Abuse

hopefully time for trend reversal, been downtrending for so long despite constant robust qr.


ABSBOSS
656 posts

Posted by ABSBOSS > Nov 13, 2017 10:43 PM | Report Abuse

ini petgas sudah takda gas la....


ivan9511
3790 posts

Posted by ivan9511 > Nov 14, 2017 7:22 PM | Report Abuse

epf run liao


Kingoffry
172 posts

Posted by Kingoffry > Nov 15, 2017 9:52 PM | Report Abuse

Petgas now Saudi punya
51%


risenfall
316 posts

Posted by risenfall > Nov 17, 2017 12:01 PM | Report Abuse

looks like bottom still far....


Kingoffry
172 posts

Posted by Kingoffry > Nov 22, 2017 5:38 PM | Report Abuse

Sell all
Waiting below rm16.00
Blue chip also con now


masterus
1940 posts

Posted by masterus > Nov 24, 2017 9:13 AM | Report Abuse

There will be an OPEC deal extension—no matter the public tussling between opposing forces in the industry cartel—if the world’s largest oil producers are really determined to end the supply glut.


masterus
1940 posts

Posted by masterus > Nov 28, 2017 11:15 AM | Report Abuse

Strong global economic growth and Saudi Arabia bringing a risk premium to oil prices could send Brent oil prices surging to $80 next year, more than 25 percent compared to current prices, according to economist Jim O’Neill, a former chairman of Goldman Sachs Asset Management.

At 11:59am EST on Monday, Brent Crude was down 0.79 percent at $63.01.

“While oil prices could be about $60 per barrel in November 2018, my guess is that they will have risen to about $80 per barrel in the meantime,” O’Neill wrote in Barron’s on Saturday.


hipster
202 posts

Posted by hipster > Nov 28, 2017 5:00 PM | Report Abuse

approaching $15 :-)


mf
23893 posts

Posted by mf > Nov 30, 2017 4:47 AM | Report Abuse

https://www.bloomberg.com/news/articles/2017-11-29/north-korea-says-nuclear-program-completed-after-new-icbm-test

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