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USD/KES $ at 95
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sl8r
#181 Posted : Tuesday, September 08, 2015 1:36:23 PM
Rank: New-farer

Joined: 5/20/2010
Posts: 69
hisah wrote:
snipermnoma wrote:
CBK has the dollar at mean of 103.7712. So we are still seeing a slide. Looks like a rate hike will be on the cards next month.

No CB is larger than the market. The governor has realized this as per his last statement. If they hike rates with the current global turmoil, NSE will crash land and that would still not save KES.

For now it's 'sit on your hands' time as the saying goes in the trading pit. Let the carnage be.


Carnage indeed
first there is this,

Bank CEOs to meet governor as shilling hits 106 to dollar

And then there is this

Panic as traders quote prices in US dollars

Things are getting very very thick
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KulaRaha
#182 Posted : Tuesday, September 08, 2015 1:45:33 PM
Rank: Elder

Joined: 7/26/2007
Posts: 6,514
Reduce GoK spending, at least make some public effort to show you're doing something. That would support the shilling.
Business opportunities are like buses,there's always another one coming
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josimar
#183 Posted : Tuesday, September 08, 2015 2:27:50 PM
Rank: Member

Joined: 7/6/2010
Posts: 242
The negative growth in the hotel and tourism sector is hitting us hard , the government needs to go an extra mile and create a secure atmosphere for the tourists . Secondly , the coffee and tea prices are quite low in the global market at this moment and this indeed has a negative effect on the dollar inflows into Our country. Lastly , am just wondering whether Our sovereign debt is also a contributing factor since the govt has to offset payments on a monthly or quarterly basis?
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Siringi
#184 Posted : Wednesday, September 09, 2015 9:05:56 AM
Rank: Elder

Joined: 6/8/2013
Posts: 2,517
Quote:
So just like Zimbabwe Kenyan traders have swiftly changed into billing / quoting prices in USD


"😖😡KQ makes money for everyone except the shareholder 😏😏 " overheard in Wazua
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geofreygachie
#185 Posted : Wednesday, September 09, 2015 9:12:24 AM
Rank: Member

Joined: 2/27/2014
Posts: 454
Location: Republic of Enchantment.
Siringi wrote:
Quote:
So just like Zimbabwe Kenyan traders have swiftly changed into billing / quoting prices in USD



A sign indicating that things are getting messy day by day.
Divers - can you laugh in scuba gear, or will you drown? I was wondering. - James May.
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Sir invest
#186 Posted : Wednesday, September 09, 2015 11:42:31 AM
Rank: Member

Joined: 8/19/2015
Posts: 125
if you are a speculator holding USD! be warned the trend might head North soon..... http://www.bloomberg.com/quote/USDKES:CUR

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mnandii
#187 Posted : Wednesday, September 09, 2015 2:10:10 PM
Rank: Elder

Joined: 10/11/2006
Posts: 2,304
sl8r wrote:
hisah wrote:
snipermnoma wrote:
CBK has the dollar at mean of 103.7712. So we are still seeing a slide. Looks like a rate hike will be on the cards next month.

No CB is larger than the market. The governor has realized this as per his last statement. If they hike rates with the current global turmoil, NSE will crash land and that would still not save KES.

For now it's 'sit on your hands' time as the saying goes in the trading pit. Let the carnage be.


Carnage indeed
first there is this,

Bank CEOs to meet governor as shilling hits 106 to dollar

And then there is this

Panic as traders quote prices in US dollars

Things are getting very very thick


As per my last Elliot Wave analysis, I expect the KES to start strengthening against the USD. The line in the sand is 106.80. As long as that is not broken then you should stop your worries. Will update post soon.
Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
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mnandii
#188 Posted : Wednesday, September 09, 2015 2:26:23 PM
Rank: Elder

Joined: 10/11/2006
Posts: 2,304
mnandii wrote:
sl8r wrote:
hisah wrote:
snipermnoma wrote:
CBK has the dollar at mean of 103.7712. So we are still seeing a slide. Looks like a rate hike will be on the cards next month.

No CB is larger than the market. The governor has realized this as per his last statement. If they hike rates with the current global turmoil, NSE will crash land and that would still not save KES.

For now it's 'sit on your hands' time as the saying goes in the trading pit. Let the carnage be.


Carnage indeed
first there is this,

Bank CEOs to meet governor as shilling hits 106 to dollar

And then there is this

Panic as traders quote prices in US dollars

Things are getting very very thick


As per my last Elliot Wave analysis, I expect the KES to start strengthening against the USD. The line in the sand is 106.80. As long as that is not broken then you should stop your worries. Will update post soon.


In the meantime, my next target for USDKES is the 100 level soon.
Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
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alutacontinua
#189 Posted : Wednesday, September 09, 2015 8:42:12 PM
Rank: Member

Joined: 3/23/2011
Posts: 304
Rumours doing the rounds are that commercial banks unanimously agreed to only buy bonds at 18% and CBK agreed....can anyone confirm this?
You dont have to be great to START but you have to start to be GREAT!!!!!!!!
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Ericsson
#190 Posted : Wednesday, September 09, 2015 10:45:28 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,815
Location: NAIROBI
http://www.businessdaily.../-/ji2d3dz/-/index.html

Liquidity tightening on the cards to tame growth in private sector credit to be within CBK targets
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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