2016 year of full surprise. The beginning of the year many people start worry about current economy situation. Many employer has started layoff their employee and offer VSS or MSS . Oil and Gas industry are the most effected due to current low Oil Price.
Here i want to share u something about the MYR currency. Currency reflected the strength of our economy demand by foreign investor. Since 2014, our currency depreciating from RM3.8 to RM 4.4 highest in 2015. My view is, we have reach to the peak of recession or we shall call slowing down in economy.
My view is base on Technical Analysis. There is indicator we shall observe and do forecasting for the next few years.
Between 2014-2015-2016, there are few issue in our country that have been resolved.
1. The glut issue about 1MDB debt.
2. Oil price shrink from 104usd to lowest as per today 27usd
3. Political glut internal issue between tansri Muhyidin Yassin and our PM, Datuk Najib
4. Slow down China Market and Japan
Moreless the issue has already resolve. I believe 2016, is the year of recovery. People may not aware on the recovery but the chart tell u the whole story.
We are now at the peak of recession, not the beginning. Thing already happened but we shall prepare ourselves to remain in positive mood.
2016, THE YEAR WORLD ECONOMY MARKET SHALL RECOVERY
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