Baht weakens as global markets slide

[saengd]

33 minutes ago, stament said:

???? If only the baht would weaken faster....

 

Are you expecting further downward weakening of the baht Vs USD?

Sorry, crystal ball is clogged up with polluted air from burning. 

[saengd]

4 hours ago, stament said:

???? If only the baht would weaken faster....

 

Are you expecting further downward weakening of the baht Vs USD?

Once again, what is your target or strike price, if you don't have one you'll never know when it's time to buy/sell. Think of it as a target destination on a journey, without knowing what it is you'll just keep driving. 

[stament]

4 hours ago, saengd said:

Once again, what is your target or strike price, if you don't have one you'll never know when it's time to buy/sell. Think of it as a target destination on a journey, without knowing what it is you'll just keep driving. 

34 but will buy at 32.5, and 33

[saengd]

52 minutes ago, stament said:

34 but will buy at 32.5, and 33

Not trying to beat you up here but it sounds like the next town or the one after or that but definitely the one after that....keep driving and hope you don't get too tired and have a crash.

 

 Perhaps consider 50% at 32.5, another 50% at 33 and a final burst at 34, that would give you a pretty good average around 33.2

[stament]

13 minutes ago, saengd said:

Not trying to beat you up here but it sounds like the next town or the one after or that but definitely the one after that....keep driving and hope you don't get too tired and have a crash.

 

 Perhaps consider 50% at 32.5, another 50% at 33 and a final burst at 34, that would give you a pretty good average around 33.2

That's what I meant as previously you recommend 3 purchase strikes rather than waiting for something that might never happen like 34 in this instance.

[ivor bigun]

The Baht is down? please can you tell the British pound that ,its not heard the news,

[dabhand]

2 hours ago, ivor bigun said:

The Baht is down? please can you tell the British pound that ,its not heard the news,

The GBP is saying it's goodbyes at the moment.

 

XE showing 1 GBP / USD 1.18651 

[saengd]

GBP/THB showing 37.80, ouch, that hurts and we're not done yet.

 

https://www.poundsterlinglive.com/data/currencies/gbp-pairs/GBPTHB-exchange-rate/

[emptypockets]

On ‎3‎/‎13‎/‎2020 at 12:25 PM, Nong Khai Man said:

It WOULD be GREAT News,IF The other Currencies were NOT Doing the Same......

Aussie dollar on the way to 18 baht. Dropping like a rock. 19.07 as of right now

[saengd]

The VIX is known as the fear gauge of Wall Street, it measures the volume of forward contracts, investors typically buy them to escape volatility and uncertainty. For years the VIX was flat at around 15, brokers frequently said there was not enough fear or volatility in the market and that investors were too complacent. Today the VIX is at 75 and climbing, as long as that continues USD will continue to strengthen and the market indices and the Pound will continue to fall as people pour money into safe havens and Treasuries. A good guide to the direction of things and worth watching.....the DI has climbed to over 101% in the past 24 hours. Anyone interested in the direction of GBP/THB should probably keep an eye on the VIX because it's the closest there is to a real crystal ball (USD up, GBP down, THB slowly weakening but remaining in USD shadows).

 

https://www.marketwatch.com/investing/index/vix

 

[JimmyTheMook]

12 hours ago, stament said:

34 but will buy at 32.5, and 33

 

Wait it will hit 36 in time.....

[stament]

The pound is at 1.15. Time to but sterling? 

[saengd]

1 hour ago, JimmyTheMook said:

 

Wait it will hit 36 in time.....

Maybe, but there again it might get to 34 and then suddenly reverse because of some news or other and before you know it's back at 31 and 34 will be nothing more than a passing dream, ask yourself, do you feel lucky!

 

The other thing to mention here is that everyone has a wish, usually they are not related to fact, do you have a basis for believing it will reach 36 (in time), if so do share? The other thing to ask is, do you have skin in this game or is 36 just a brain fart that emitted itself involuntarily, if you did have skin in the game what would you really do?

[stament]

4 minutes ago, saengd said:

Maybe, but there again it might get to 34 and then suddenly reverse because of some news or other and before you know it's back at 31 and 34 will be nothing more than a passing dream, ask yourself, do you feel lucky!

 

The other thing to mention here is that everyone has a wish, usually they are not related to fact, do you have a basis for believing it will reach 36 (in time), if so do share? The other thing to ask is, do you have skin in this game or is 36 just a brain fart that emitted itself involuntarily, if you did have skin in the game what would you really do?

A brain fart. 

[saengd]

Agreed

[stament]

Just now, stament said:

A brain fart. 

 ‘You've got to ask yourself one question. Do I feel lucky? Well, do ya, punk?’

[stament]

Wonder if the BoT rate cut and Corona measures taken in TH over the last couple of days will weaken the baht when reading opens today.