In an ironically development just a week of different sentiment. ASEAN from fear of hot fund pulling out against FED decision to continuous its QEs strategy caused one of the biggest fluctuation in the local market.
That shown how volatile is the current market. With no fundamental change as of now, we believe both KLCI and RM have done well but may face profit taking and bias to lower this week.
We bought some USD at 3.16 level against RM. We will buy more USD and Aussie if RM stronger. We may also start explore into RMB. We cannot border much in this highly volatile markets so we just buy when sentiment low and we will sellout when sentiment too high.