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the kes hits 83-are cbk concerned about inflation?
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hisah
#21 Posted : Friday, March 11, 2011 4:23:03 PM
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And the rout continues - http://af.reuters.com/ar...s/idAFLDE72A0G120110311

@Kizee1 - New record lows for USD/KES rate @85.60/70 - down 1.78% today. Biggest down drop since May 19th 2010 when Greece default scenario spooked global markets.

USD/KES @90 still remains my mark... Next I'll rotate to the rand. This one too has some decent selling to go in Q2.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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kizee1
#22 Posted : Friday, March 11, 2011 4:38:45 PM
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hisah yes closed at 85.7080...ur 90 prediction cud be spot on, sadly only cbk can help
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For Sport
#23 Posted : Friday, March 11, 2011 6:42:11 PM
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Elder wrote:
RVP wrote:
Agreed. Good news for exporters. I can confirm :)


Wish it could hit 90, even 100.


a tad irresponsible...:)
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Stealth
#24 Posted : Friday, March 11, 2011 7:50:54 PM
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Elder wrote:
RVP wrote:
Agreed. Good news for exporters. I can confirm :)


Wish it could hit 90, even 100.

Talk about being selfish.
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masukuma
#25 Posted : Friday, March 11, 2011 9:21:21 PM
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i have some dollars to dispose - waiting for 90!
All Mushrooms are edible! Some Mushroom are only edible ONCE!
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Cde Monomotapa
#26 Posted : Friday, March 11, 2011 9:41:46 PM
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U know what...there is a time when we were used 63/$ then it went to 80/$ sooner rather than later we got used to it and learned to live. Tujipange. I am confident that the forex trading desk @ KCB are making us a fortune!!
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qw25041985
#27 Posted : Friday, March 11, 2011 9:56:20 PM
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Stealth wrote:
Elder wrote:
RVP wrote:
Agreed. Good news for exporters. I can confirm :)


Wish it could hit 90, even 100.

Talk about being selfish.


it will hit 90.00 ...that technically possible and fundamentally supported...
Your future depends on your dreams so go to sleep !
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kizee1
#28 Posted : Saturday, March 12, 2011 3:08:22 PM
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qw25041985 wrote:
Stealth wrote:
Elder wrote:
RVP wrote:
Agreed. Good news for exporters. I can confirm :)


Wish it could hit 90, even 100.

Talk about being selfish.


it will hit 90.00 ...that technically possible and fundamentally supported...

did u read ndungus statement on friday?
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kizee1
#29 Posted : Monday, March 14, 2011 10:42:15 AM
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seeing kes has staged a rally 84.85*95 at the mom...however if cbks statements r mere rhetoric 90 here we come
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hisah
#30 Posted : Monday, March 14, 2011 3:49:37 PM
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kizee1 wrote:
seeing kes has staged a rally 84.85*95 at the mom...however if cbks statements r mere rhetoric 90 here we come


CBK is bluffing... Just like they said inflation will remain below 5%.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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kizee1
#31 Posted : Monday, March 14, 2011 3:56:50 PM
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hisah wrote:
kizee1 wrote:
seeing kes has staged a rally 84.85*95 at the mom...however if cbks statements r mere rhetoric 90 here we come


CBK is bluffing... Just like they said inflation will remain below 5%.



tru..kes has pared its gains..now at 85.50*60 cbk are d**ks
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kizee1
#32 Posted : Monday, March 14, 2011 5:22:39 PM
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NDUNGU COMES OUT AND SAYS HE CANT INTERVENE...THE KES HITS 86.15*25 MORE LOSSES EYED
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RVP
#33 Posted : Monday, March 14, 2011 6:00:01 PM
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Now, even though I am making money with this weakening, this rapid descent is getting a little concerning.
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hisah
#34 Posted : Tuesday, March 15, 2011 8:47:01 AM
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I'm a fan of parabolic moves or strong breakouts, but never thought I'd ever dislike it at any one time. If you review long term charts of the $, €, £ and ¥ vs ksh, you'll notice that the breaks are not about to work for a while Sad
How is a weakening shilling, worse off than during PEV & global financial crisis going to help the economy with rising inflation and a loosened CBR? Absolute madness if not BS from the money policy dudes...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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selah
#35 Posted : Tuesday, March 15, 2011 10:47:28 AM
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I think CBK intervention is not needed right now given that This movement of the shilling might be speculative.The governor is well informed on this.In the short term The shilling might impact negatively on inflation,But until now their is no good reason why the shilling is depreciating unless CBK has printed more cash which I think is unlikely or the shilling has been hit by speculators.

Although importers will feel the heat in the short term we should enhance our exports to take advantage of this weak shilling.
'......to the acknowledgment of the mystery of God, and of the Father, and of Christ; 3 In whom are hid all the treasures of wisdom and knowledge.' Colossians 2:2-3
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Apple Bees
#36 Posted : Monday, August 08, 2011 2:26:13 PM
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masukuma wrote:
i have some dollars to dispose - waiting for 90!
Well I don't know whether you still have them $$$$, but the ex rate was at one time 93.4999 today
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FUNKY
#37 Posted : Monday, August 08, 2011 2:51:10 PM
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You are right Apple Bees and even euro was at 133/- and GBP at 153/-
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hisah
#38 Posted : Wednesday, August 10, 2011 12:27:53 PM
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hisah wrote:
And the rout continues - http://af.reuters.com/ar...s/idAFLDE72A0G120110311

@Kizee1 - New record lows for USD/KES rate @85.60/70 - down 1.78% today. Biggest down drop since May 19th 2010 when Greece default scenario spooked global markets.

USD/KES @90 still remains my mark... Next I'll rotate to the rand. This one too has some decent selling to go in Q2.


@Kizee1 - Watch that Rand... That's the next victim...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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kizee1
#39 Posted : Wednesday, August 10, 2011 1:42:48 PM
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zar is a beast man..hit 7.5 juzi now at 7.1! thing about ZAR is that yield hunters were caught offguard, now looks like the damage is over? ama where do you see it?
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hisah
#40 Posted : Wednesday, August 10, 2011 3:44:37 PM
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kizee1 wrote:
zar is a beast man..hit 7.5 juzi now at 7.1! thing about ZAR is that yield hunters were caught offguard, now looks like the damage is over? ama where do you see it?


@8.20 before the next storm is over! I'll be picking it @6.6 - 6.8 levels. I expect the JSE to nosedive in Q4.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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