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Ksh at its weakest since it floated in 1994
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hisah
#821 Posted : Tuesday, March 12, 2013 12:04:44 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Kenya to issue $1 bln debut Eurobond after peaceful vote - http://www.reuters.com/a...d-idUSL6N0C35QS20130311

This will pour very cold water to the USD vs KES trade. Those insisting on holding the USD, goodluck.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah
#822 Posted : Thursday, March 14, 2013 4:31:44 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977


Inflation for the month of March will likely spike above 5%
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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maka
#823 Posted : Thursday, March 14, 2013 10:40:18 PM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
hisah wrote:


Inflation for the month of March will likely spike above 5%

91,182 and 364 t-bill rates have been gradually rising...and subscription for the last couple of auctions has been dismal where is the money?
possunt quia posse videntur
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kizee1
#824 Posted : Thursday, March 14, 2013 10:49:08 PM
Rank: Member

Joined: 9/29/2010
Posts: 679
Location: nairobi
maka wrote:
hisah wrote:


Inflation for the month of March will likely spike above 5%

91,182 and 364 t-bill rates have been gradually rising...and subscription for the last couple of auctions has been dismal where is the money?



repos?
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hisah
#825 Posted : Friday, March 15, 2013 5:37:45 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
USDKES fight is still a bore between 85 - 88. Break of 88 targets 90 and break of 85 targets 83. KES strength towards 83 means equities rally hard. The opposite applies.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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aemathenge
#826 Posted : Friday, March 15, 2013 6:09:56 PM
Rank: Elder

Joined: 10/18/2008
Posts: 3,434
Location: Kerugoya
hisah wrote:
USDKES fight is still a bore between 85 - 88. Break of 88 targets 90 and break of 85 targets 83. KES strength towards 83 means equities rally hard. The opposite applies.

Forgive my ignorance, kind Sir, but could you be so kind and translate the above into English, please.

My interest is premised on the fact that I am a freelancer writer paid in dollars and currently holding cash in paypal and therefore following this thread with interest.
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Nabwire
#827 Posted : Saturday, March 16, 2013 6:34:37 AM
Rank: Veteran

Joined: 7/22/2011
Posts: 1,325
Since I'm bored I will be so kind Mathenge, he means that there is not much action between the USD & KES fight between the 85-88 exchange rate. If the rate goes to 88 then 90 will be achieved, or if rate goes to 85 then 83 will print. If rate goes towards 83, then the stock market will rally but if it goes towards 90 then the market will slump.
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hisah
#828 Posted : Saturday, March 16, 2013 9:12:19 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
aemathenge wrote:
hisah wrote:
USDKES fight is still a bore between 85 - 88. Break of 88 targets 90 and break of 85 targets 83. KES strength towards 83 means equities rally hard. The opposite applies.

Forgive my ignorance, kind Sir, but could you be so kind and translate the above into English, please.

My interest is premised on the fact that I am a freelancer writer paid in dollars and currently holding cash in paypal and therefore following this thread with interest.

@nabwire has given the explanation. Above 88 your USD will be worth more and below 85 they'll be worth less KES. If gok is able to float the eurobond this year then expect USD rate to slide. You'll have to work more to get more USD to keep up with the KES strength.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah
#829 Posted : Tuesday, April 02, 2013 3:59:11 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
hisah wrote:
kizee1 wrote:
hisah

very boring market, in 2008 during PEV time the action was amazing, this time price action is boring or maybe ive been in this business for too long..

Yep. In 2008 it was action packed compared to know.

Wow! Very very boring. Watching paint dry is more exciting. Maybe the excitement will come in once we see the Uhuruto Fin Min.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah
#830 Posted : Wednesday, April 10, 2013 6:16:52 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
The zero sum game called hoarding USD.

This is a monthly chart and USD is still facing headwinds from the KES rebound assisted by a desperate CB that is still hosing USD speculators. USD longs are a tough call at the moment unless inflation spikes above tbill rates as well as CBR.

$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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