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USD/KES $ at 95
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mazingira
#71 Posted : Thursday, May 14, 2015 10:42:17 AM
Rank: Member

Joined: 10/26/2012
Posts: 136

1.00 USD = 96.4205 KES
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mazingira
#72 Posted : Thursday, May 14, 2015 5:17:40 PM
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Joined: 10/26/2012
Posts: 136
First Strike , fuel just went up , carrots in mombasa are 120 ksh per kg already
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mazingira
#73 Posted : Thursday, May 28, 2015 12:13:42 PM
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Joined: 10/26/2012
Posts: 136
1.00 USD = 98.7906 KES ......100 Seems unstopable
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Othelo
#74 Posted : Thursday, May 28, 2015 12:29:22 PM
Rank: User

Joined: 1/20/2014
Posts: 3,528
mazingira wrote:
1.00 USD = 98.7906 KES ......100 Seems unstopable

CBK meet June 9th to tame the weakening of Kes!
Formal education will make you a living. Self-education will make you a fortune - Jim Rohn.
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mazingira
#75 Posted : Thursday, May 28, 2015 12:41:34 PM
Rank: Member

Joined: 10/26/2012
Posts: 136
Othelo wrote:
mazingira wrote:
1.00 USD = 98.7906 KES ......100 Seems unstopable

CBK meet June 9th to tame the weakening of Kes!



How much damage can 12 days do even at 0.24 cents a day 4 shillings gone , less 3 days of holidays so 9 days still we pass 100
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Sufficiently Philanga....thropic
#76 Posted : Thursday, May 28, 2015 12:56:28 PM
Rank: Elder

Joined: 9/23/2010
Posts: 2,225
Location: Sundowner,Amboseli
We all thought they would raise cbr when they last met but they didn't. Look at where we are?
Now they are forced to convene a crisis meeting to do what they should have done earlier. Talk of management by crisis .
IBR at 12.74% & cbr at 8.5%? How now ?
@SufficientlyP
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mnandii
#77 Posted : Thursday, May 28, 2015 1:01:02 PM
Rank: Elder

Joined: 10/11/2006
Posts: 2,304
Erh! Ahem!

I think this worry about USDKES exchange rate is misplaced. Me believes there is no way the previous high of 108 Kes to USD will be breached. Kes will rise strongly against the USD 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
#78 Posted : Thursday, May 28, 2015 1:12:24 PM
Rank: Elder

Joined: 10/11/2006
Posts: 2,304
mnandii wrote:
Erh! Ahem!

I think this worry about USDKES exchange rate is misplaced. Me believes there is no way the previous high of 108 Kes to USD will be breached. Kes will rise strongly against the USD soon!



I had posted this chart of the Exchange rate earlier this year. By then I was looking for the Kes to weaken.



The weakness should complete soon. Then we go below 70 Kes to 1 Dollar. smile

Actually, the reason I say 108 level shld not be broken is the wave 1 in the chart (which I label as impulse). The fall from the all-time high of 108 to about 82 is clearly an impulse wave. The weakness in the Kes we are experiencing now is a wave 2, a counter-trend rally. Second waves can never retrace more than 100% of first waves!

So, expect Kes to strengthen against the Dollar in the coming months.

NB: Another good reason why I don't expect 108 to be breached is the mood surrounding the weakening shilling. Everybody is crying and lamenting how the future for the Kes is bleak. smile

This is pre-requisite for a turn! Drool
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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Jimmy Boy
#79 Posted : Thursday, May 28, 2015 1:13:47 PM
Rank: New-farer

Joined: 7/17/2014
Posts: 15
Location: Geneva
My projections, based on the speculative behaviour and politics...(no fundamentals) the KES/USD rate will hit 105 by the time MPC meets in JUNE 9TH. My 2 cents....
Regards,
Jimmy Boy
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mnandii
#80 Posted : Thursday, May 28, 2015 1:24:35 PM
Rank: Elder

Joined: 10/11/2006
Posts: 2,304
mnandii wrote:
mnandii wrote:
Erh! Ahem!

I think this worry about USDKES exchange rate is misplaced. Me believes there is no way the previous high of 108 Kes to USD will be breached. Kes will rise strongly against the USD soon!



I had posted this chart of the Exchange rate earlier this year. By then I was looking for the Kes to weaken.



The weakness should complete soon. Then we go below 70 Kes to 1 Dollar. smile

Actually, the reason I say 108 level shld not be broken is the wave 1 in the chart (which I label as impulse). The fall from the all-time high of 108 to about 82 is clearly an impulse wave. The weakness in the Kes we are experiencing now is a wave 2, a counter-trend rally. Second waves can never retrace more than 100% of first waves!

So, expect Kes to strengthen against the Dollar in the coming months.

NB: Another good reason why I don't expect 108 to be breached is the mood surrounding the weakening shilling. Everybody is crying and lamenting how the future for the Kes is bleak. smile

This is pre-requisite for a turn! Drool


Also:
Wave 1 = [108-82] = 26

0.618 X 26 = 16.07

16.07 + 82 = 98.068

So at 98 exchange level, wave 2 is now Fibonacci 0.618 of wave 1.
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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