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Ksh at its weakest since it floated in 1994
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kizee1
#831 Posted : Wednesday, April 10, 2013 8:56:49 PM
Rank: Member

Joined: 9/29/2010
Posts: 679
Location: nairobi
doubt cbk allow 82 to give, irony of our times they wont let it go below 82 or above 87.50, last week they bought a whopping $100mio from the market and the KES still rallied, if not for this fly in the ointment(read cbk) yes 82 would yield...i could be wrong tho
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aemathenge
#832 Posted : Thursday, April 11, 2013 1:43:06 AM
Rank: Elder

Joined: 10/18/2008
Posts: 3,434
Location: Kerugoya
hisah wrote:

@Chief Hisah, kindly direct me to a site that teaches how to read this type of chart.

Thank you in advance.
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aemathenge
#833 Posted : Thursday, April 11, 2013 1:50:26 AM
Rank: Elder

Joined: 10/18/2008
Posts: 3,434
Location: Kerugoya
kizee1 wrote:
if not for this fly in the ointment(read cbk) yes 82 would yield

I read the above to mean that you would profit from below Kshs. 82 to the dollar "yield".

Why, in your opinion, would the Central Bank of Kenya hold the ceiling at 82?

Personally, the lower it fell the better.
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kizee1
#834 Posted : Thursday, April 11, 2013 12:11:54 PM
Rank: Member

Joined: 9/29/2010
Posts: 679
Location: nairobi
aemathenge wrote:
kizee1 wrote:
if not for this fly in the ointment(read cbk) yes 82 would yield

I read the above to mean that you would profit from below Kshs. 82 to the dollar "yield".

Why, in your opinion, would the Central Bank of Kenya hold the ceiling at 82?

Personally, the lower it fell the better.

....happened before especially last year the term export competitiveness comes to mind. .
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kollabo
#835 Posted : Thursday, April 11, 2013 1:07:25 PM
Rank: Veteran

Joined: 2/3/2012
Posts: 1,317
Why then is the price of fuel going up?
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Museveni
#836 Posted : Thursday, April 11, 2013 3:06:01 PM
Rank: Member

Joined: 8/16/2012
Posts: 661
kollabo wrote:
Why then is the price of fuel going up?



Because it is tied to previous rates.

Now you can be sure the next update on oil prices will be a drop.
Live and learn; and don’t forget, nothing ventured, nothing gained.
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hisah
#837 Posted : Thursday, April 11, 2013 5:55:22 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
@aemathenge - http://www.babypips.com/school/ from pre-school to graduation.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah
#838 Posted : Thursday, April 11, 2013 5:59:11 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
kizee1 wrote:
doubt cbk allow 82 to give, irony of our times they wont let it go below 82 or above 87.50, last week they bought a whopping $100mio from the market and the KES still rallied, if not for this fly in the ointment(read cbk) yes 82 would yield...i could be wrong tho

So we have silent DNT (do not touch) bounds between 82 - 87 levels. Definitely below 80 makes KES strong and bad for exports in EA as it appreciates too much vs TZS, RWF and UGX.

Waiting to see the effects when eurobond is finally floated.


Btw USDKES broke below 84 level today. Getting muscular.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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  | | Edit by user: Thursday, April 11, 2013 6:02 PM | Reason: Not specified
Cde Monomotapa
#839 Posted : Thursday, April 11, 2013 8:43:48 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
Pleased at how recent USD/KES & Crude trends will merge smile #PerfectStorm
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hisah
#840 Posted : Friday, April 12, 2013 6:38:45 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
@chief cde - This april has seen commodos take it in the chin blow by blow without a breather and the ref aint stopping the match! Look at the charts below. The only solice the commodos have is at least they haven't tanked like bitcoin, which is down 70% in two days after a parabolic rally of 3 months since Jan 2013! That is what you call a nuclear blood-bath...

Brent


Crude


Gold


Silver

$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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  | | Edit by user: Friday, April 12, 2013 6:40 PM | Reason: Not specified
86 Pages«<8283848586>
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