the kenyan shilling should be gaining against the usd due to factors like reduce in the monthly demand for dollars to purchase petroleum products , kenya has entered a deal with aramco to source the products using kenyan shillings , when initially we had to consolidate 500millon dollars per month for the importation of the same , on friday the deputy presint of kenya H.E RIGGY G was at the port of mombasa to personaly / offically receive the maiden consignment of two ships from saudia arabia , the ripple effect of this ,move will see the demand forthe usd decrease and also the recovery of the shilling form bearish to bullish and consequently weaken of the dollar ..
this prediction appears to have not worked out the way you thought. Where do you think it goes from here and why?
luiseMugo
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@dgoldiner, Yow hello! Thank you for taking time to interact with the idea.. The current Kenyan government is not trust worthy any more, so basically this uncertainty is an advantage to the strong dollar.. The shilling will continue to weaken more.. Feel free to check out my recently posted trade ideas, I'd love to hear your perspective
luiseMugo
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@dgoldiner, can we revisit this technical analysis now ?
Nyamogo
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lmaoooo
luiseMugo
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@Nyamogo, yoow, are you still laughing out loud now ?? lol
stevemut1949
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You were joking, right?
luiseMugo
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@stevemut1949, was i really joking ? my technical bias seems to be playing out eventually
stevemut1949
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@luiseMugo, Really? You thought the shilling would start gaining against the dollar at 133. As far as technical analysis, your idea was invalidated a long time ago!!!!!!
luiseMugo
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@stevemut1949, yoow. dude it went as low as kes137.00 just this week , dont you follow up on the realtime exchange rates ??
luiseMugo
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@stevemut1949, so techniclly kes 4.00 shillings to be gained against the usd , for price to retest the kes133.00 level .. i know you agree with my claims . lool