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KES breaches 78 vs $ for the first time in a year
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guru267
#21 Posted : Wednesday, May 19, 2010 1:50:13 PM
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the new target for the Euro is 1.15 against the dollar which will see the KES trade at about 82bob to the dollar
Mark 12:29
Deuteronomy 4:16
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kizee
#22 Posted : Wednesday, May 19, 2010 1:56:08 PM
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i wudnt hold my breath mate
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guru267
#23 Posted : Thursday, May 20, 2010 8:06:54 AM
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kizee wrote:
i wudnt hold my breath mate


it might tae a couple of months but lets hope i'm not right but metrics show no support for the euro even at these levels and one thing that would send the dollar soaring is if the US announced a interest rate hike
Mark 12:29
Deuteronomy 4:16
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VituVingiSana
#24 Posted : Thursday, May 20, 2010 10:17:00 AM
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Leo over 79.50 (interbank) so 80 is not far off...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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kizee
#25 Posted : Thursday, May 20, 2010 10:46:25 AM
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79.5 has not traded today...the euro has recoverd 300 points overnite yet kes has recopued a platry 10 cents...of note is the fact that the market gapped lower at open...this euro correlation is getting tired in my view
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Scubidu
#26 Posted : Friday, May 21, 2010 3:01:53 PM
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kizee wrote:
79.5 has not traded today...the euro has recoverd 300 points overnite yet kes has recopued a platry 10 cents...of note is the fact that the market gapped lower at open...this euro correlation is getting tired in my view


Dude I'm so clueless, when is comes to this topic, but eager to learn. What did you mean?.

Some links I have just read:

http://pragcap.com/euro-soars-in-48-hours
http://www.thedailycrux....content/4831/Stocks/eml
“We are the middle children of history man, no purpose or place. We have no great war, no great depression. Our great war is a spiritual war, our great depression is our lives!" – Tyler Durden
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RVP
#27 Posted : Tuesday, May 25, 2010 11:36:11 AM
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Did the KES hit 82 on international forex markets over the weekend?

http://www.xe.com/curren...D&to=KES&view=1W
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VituVingiSana
#28 Posted : Tuesday, May 25, 2010 12:49:41 PM
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@RVP - Maybe... I think it is not as dire unless you are buying on the retail board... CFC Stanbic rips you off as a retail level. 10% spread between buy & sell
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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guru267
#29 Posted : Tuesday, May 25, 2010 1:39:18 PM
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the euro is back in free fall trading at 1.218 sending world stock markets down with it... The dollar is looking more and more like gold everyday
Mark 12:29
Deuteronomy 4:16
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tonicasert
#30 Posted : Tuesday, May 25, 2010 2:48:04 PM
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From Reuters, interbank seems to have hit a low of 80.10. @kizee - wewe ndio uko soko...

Everyone is back to dumping the Euro.Nigeria now considering reducing their current holdings of Euro, which make up 15% of their $ 40Bn reserves. Just a flavour of the dumping...
But seeing alot of buyers around 1.22-1.23 levels, so may hold abit. A break will see bloodbath.
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kizee
#31 Posted : Tuesday, May 25, 2010 5:00:41 PM
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ur rite tony...was paid leo by some offshores at the 80.10 level...im just curios abt how a mkt wud gap from 79.2535 to open at 79.7080 because euro fell from 1.25 to 1.23,...how many investors exited kenya in that period? the correlation storo i say again is lukin tired...

@ scubidu- well it seems like eurusd and usdkes hav a -80 pct correlation meanin if euro rallies kes rallies and vice versa...mkt of later has really been lukin at the euro to decide on a kes strategy...so wat one wonders is..if euro goes to 1.15 or worse parity wat happens to usdkes?
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tonicasert
#32 Posted : Saturday, May 29, 2010 10:39:26 AM
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Well at the moment that seems to be the best correlation, since all emerging and most developed mkts are losing against the USD when Euro is getting dumped on fresh news.

Lets see how it goes as Euro seems to be consolidating here. Most of my clients also covering at 1.21-1.22 levels, even for the next 2 years commitments.
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