KES breaches 78 vs $ for the first time in a year - Page 2 - Economy - Wazua

Welcome Guest

Wazua » Investor » Economy » KES breaches 78 vs $ for the first time in a year

4 Pages<1234>

KES breaches 78 vs $ for the first time in a year

Options

Previous Topic · Next Topic

kizee		#11 Posted : Tuesday, May 11, 2010 6:45:04 AM
Rank: Member Joined: 1/9/2008 Posts: 537		trendsignal.co.ke wrote: Hi, If any of you want to see the Trendsignal (have a look at the Trendsignal forum on the Offshore page) charts for Ksh vs GBP and USD, please email me at kenya@trendsignal.co.uk and I will happily send them with explanation of what is happening and what will (my predictions only using Trendsignal charts) happen in the near future. where do u get ur data feed for kes prices?
Back to top		\|
User Profile

kizee		#12 Posted : Monday, May 17, 2010 9:05:41 AM
Rank: Member Joined: 1/9/2008 Posts: 537		OP kes at 78.75*85...luks like the blood letting will continue
Back to top		\|
User Profile

tonicasert		#13 Posted : Monday, May 17, 2010 2:16:43 PM
Rank: Member Joined: 3/10/2008 Posts: 301 Location: Abu Dhabi		kizee wrote: OP kes at 78.75*85...luks like the blood letting will continue Good for some of us. But Euro seems to be losing steam at 1.2300... If shorts start covering we may see USD paring some gains across the board. But who knows, someone may quite the EU tonite, and more bloodbath... What a market!
Back to top		\|
User Profile

guru267		#14 Posted : Monday, May 17, 2010 2:28:34 PM
Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi		the Euro has broken below a 4year low against the dollar at 1.233 with most analysts saying that this breach could send the euro to parity with the dollar if nothing is done to stop this... this only spells disaster for the kenya shilling but not so bad for my portfolio because this will definitley see the kenya shilling rally against the uganda shilling due to pegs against the dollar Mark 12:29 Deuteronomy 4:16
Back to top		\|
User Profile

kizee		#15 Posted : Wednesday, May 19, 2010 7:29:14 AM
Rank: Member Joined: 1/9/2008 Posts: 537		so the euro breaks 1.22...kes at 79.10*20...GWAN!
Back to top		\|
User Profile

tonicasert		#16 Posted : Wednesday, May 19, 2010 8:22:12 AM
Rank: Member Joined: 3/10/2008 Posts: 301 Location: Abu Dhabi		Yeah some more bloodbath on the Euro after someone in German was bright enough to ban short selling on EUR denominated government bonds, credit derivative swaps plus bonds/shares. Reminiscent of US SEC in Sept, 2008, when stocks tumbled further after the ban. Euro at 1.15 and then parity are the next levels to watch. Seems KES at 80.00 is liekely.
Back to top		\|
User Profile

Magigi		#17 Posted : Wednesday, May 19, 2010 10:09:14 AM
Rank: Elder Joined: 3/31/2008 Posts: 7,081 Location: Kenya		79.45000 +1.14999 +1.47% Previous Close 78.30000 Bid 79.45000 Open 78.30000 Ask 79.55000 Day's High 79.45000 Day's Low 78.30000 This is serious. Anybody who knows what is happening other than the happenings in Europe...fall of the euro?
Back to top		\|
User Profile

kizee		#18 Posted : Wednesday, May 19, 2010 10:35:22 AM
Rank: Member Joined: 1/9/2008 Posts: 537		magigi at these eurusd lvls, eurkes gets very cheap and creates importer interest and dampens exporter interest...gues its a case of basic economics..or rather traders reading into basic economics
Back to top		\|
User Profile

tonicasert		#19 Posted : Wednesday, May 19, 2010 1:39:11 PM
Rank: Member Joined: 3/10/2008 Posts: 301 Location: Abu Dhabi		Its also a case of risk aversion, as investors dump risky assets (stocks, bonds, commodities), and invest in USD and Yen assets in as uncertainty reigns with developments in Europe. Most developed and emerging markets' currencies (GBP, EUR, AUD, BRL, INR, ZAR, TRY, KES etc) have slumped heavily in the last few days as risk aversion dominates. Crude oil has also broken 70 (now 68.50), from 85 a week ago.
Back to top		\|
User Profile

kizee		#20 Posted : Wednesday, May 19, 2010 1:43:45 PM
Rank: Member Joined: 1/9/2008 Posts: 537		todays muv has little to do with risk aversion...some german dude proposes a ban on short sellin and the euro cru mbles takin the kes with it...i hia theres talk of possible intervention on the euro...either way i thnk kes may recoup some gains
Back to top		\|
User Profile

4 Pages<1234>

Wazua » Investor » Economy » KES breaches 78 vs $ for the first time in a year

Forum Jump

You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.

Watch this topic
Print this topic

Normal
Threaded