hisah wrote:Sufficiently Philanga....thropic wrote:hisah wrote:mnandii wrote:USDKES at 88.13. Falling as expected.
Inflation up, econ slump yet bulls are trying to push the market at these lofty levels... This won't end nicely for the bulls... USD strength is definitely coming in Sept. @Hisah, what happens on Sept 15th? I see it's a day before Safcom's div book close. Black monday perhaps at the NSE? Hope not!
Likely the day when some major news hits the fx market about the USD money policy as per credit market rumour mill. This, from someone who's been bearish on banks as they continue to outdo themselves? The same someone who made a wrong call on KQ not so long ago?
This might be big money, making alot of noise, looking for bigger discounts, to get in. Historically, September is to the market, what January is to most salaried folk. But maybe not as dramatic as is being painted.