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Ksh at its weakest since it floated in 1994
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hisah
#101 Posted : Monday, August 22, 2011 7:21:15 AM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
Anyone noticed that the ksh has been sliding in earnest since things got thick in Libya?
Now that Ghaddafi is about to tank, will ksh stage a violent reversal...

No, this is not a logical view smile
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Mainat
#102 Posted : Monday, August 22, 2011 10:02:04 AM
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Its down further despite the Libya dividend coming into play
Sehemu ndio nyumba
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Cde Monomotapa
#103 Posted : Monday, August 22, 2011 10:18:53 AM
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Joined: 1/13/2011
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What r u folks on about? Break it down please.
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the deal
#104 Posted : Monday, August 29, 2011 10:22:52 AM
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Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
The Shilling assumes its free fall now at 94!
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Mainat
#105 Posted : Monday, August 29, 2011 10:39:57 AM
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Ask on GBP is Ksh157! Something is a cooking...
Sehemu ndio nyumba
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guru267
#106 Posted : Monday, August 29, 2011 4:08:25 PM
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Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
Mainat wrote:
Ask on GBP is Ksh157! Something is a cooking...


Kshs vs sterling is irrelevant.. The Shilling is pegged to the dollar... So if the Kes vs the dollar weakens and the dollar vs pound remains constant then the kes vs sterling will also go down down!!
Mark 12:29
Deuteronomy 4:16
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Mainat
#107 Posted : Monday, August 29, 2011 10:02:21 PM
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Ok guru. You the man (sorry u the guru)...
Sehemu ndio nyumba
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hisah
#108 Posted : Monday, August 29, 2011 10:31:52 PM
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Joined: 8/4/2010
Posts: 8,977
From the look of things like disorderly discount rates etc definitely 96 will be tested this week. NSE cannot bounce hard in this environment where USDKES @100 is a given target.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Mainat
#109 Posted : Tuesday, August 30, 2011 8:49:30 AM
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Joined: 11/21/2006
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Somebody once told me they feared people of little knowledge most. Apparently UK is Kenya's 3rd largest export market and its 6th largest import market and its 2nd largest source of tourists.
Furthermore, I am now told that GBP alongside $ and CHF are seen as safehaven currencies.
Sehemu ndio nyumba
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kizee1
#110 Posted : Tuesday, August 30, 2011 9:18:37 AM
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Location: nairobi
Mainat wrote:
Somebody once told me they feared people of little knowledge most. Apparently UK is Kenya's 3rd largest export market and its 6th largest import market and its 2nd largest source of tourists.
Furthermore, I am now told that GBP alongside $ and CHF are seen as safehaven currencies.

i think u mean JPY and CHF are safe havens?
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tonicasert
#111 Posted : Tuesday, August 30, 2011 11:04:41 AM
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Location: Abu Dhabi
I think what guru means is that GBPKES is dependant on movements in GBP/USD and USD/KES, the former influenced by internatinal mkts, while USD/KES influenced by local mkt.
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hisah
#112 Posted : Tuesday, August 30, 2011 11:31:17 AM
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GBPKES - 200
USDKES - 120
EURKES - 180

At these wild levels, KE will be in a crappy recession together with its EA sisters...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah
#113 Posted : Monday, September 05, 2011 6:08:46 PM
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http://www.forexpros.com/currencies/usd-kes - 94.70

On Aug 9th the high was 95.10. This will be tested and exceeded this week as per the chart momentum...

Slowdown then recession coming soon Sad
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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kizee1
#114 Posted : Monday, September 05, 2011 10:31:54 PM
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Joined: 9/29/2010
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and teh jokes keep coming! mpc decides to hold a "special" session to discuss the economic crisis...by then KES will be at 100! freaking clowns!
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Cde Monomotapa
#115 Posted : Tuesday, September 06, 2011 6:46:50 AM
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Joined: 1/13/2011
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Do we ever realize that we are talking about our own country.
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hisah
#116 Posted : Tuesday, September 06, 2011 8:14:38 AM
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Joined: 8/4/2010
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Cde Monomotapa wrote:
Do we ever realize that we are talking about our own country.

Initially we didn't talk for we were blind then. Now we see & talk. Next we'll handcuff the not so funny goons or damp them at the hague.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah
#117 Posted : Tuesday, September 06, 2011 8:23:30 AM
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Joined: 8/4/2010
Posts: 8,977
kizee1 wrote:
and teh jokes keep coming! mpc decides to hold a "special" session to discuss the economic crisis...by then KES will be at 100! freaking clowns!

A special session 9 months later after the red alert went cold???

The recession is just inches away & now we have sessions to discuss if we're standing at the cliff... Wage cuts, job cuts, profit warnings, slowdown, inflation, high lending rates, volatile forex rates etc. Do these look like a fish & chips meal???

Someone needs to take it in the chin for pretending not to see...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Mainat
#118 Posted : Tuesday, September 06, 2011 10:00:28 AM
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Meeting on 14th is presumably to do a catch up on CBR. I predict 5obps hike...
Sehemu ndio nyumba
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kizee1
#119 Posted : Tuesday, September 06, 2011 10:07:45 AM
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Mainat wrote:
Meeting on 14th is presumably to do a catch up on CBR. I predict 5obps hike...


i highly doubt they hike, ndungu has already started talkin about the harvest releiving supply side shocks in any case a hike will have no effect, in any case i think this mpc meeting wil be a strategy session; to ensure sucess of the upcoming IFB and very little to do with the state of the economy..infact the economy will probably be an AoB
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hisah
#120 Posted : Thursday, September 08, 2011 7:44:51 AM
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Meanwhile 91-day T-bill is above 10%... Brick wall
Why should investors & large funds pack their money @ NSE with such risk free returns around or with the latest infrastructure bond?
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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