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Realities of Forex Investment
#3821 Posted : Tuesday, May 14, 2019 5:45:56 PM
Rank: Veteran

Joined: 10/11/2006
Posts: 1,855

Am into Oil also now. This one XTIUSD (West Texas Crude Oil). I expect the market to fall slightly in blue wave 4 to about 60 or 59 (the pink horizontal trend lines) then rise strongly in a fifth wave (remember commodities have explosive fifth waves). The target for the rise is about 70s and possibly 73s. See the white trend line for guidance.

Thereafter oil should fall strongly to below $40s per barrel toward $20s. Unbelievable? That's what Elliott says for now.
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.
#3822 Posted : Tuesday, June 25, 2019 1:53:34 PM
Rank: Member

Joined: 9/25/2008
Posts: 427
How far is this Gold rally......seems too steep of a climb....trying to rationalise trump-economics
I AM trust in GOD, I AM belief in THYSELF
#3823 Posted : Tuesday, June 25, 2019 6:42:43 PM
Rank: Veteran

Joined: 5/7/2009
Posts: 1,027
Location: Sea of Transquility
T-Bag wrote:
How far is this Gold rally......seems too steep of a climb....trying to rationalise trump-economics

Looks overdone.
“small step for man”
#3824 Posted : Tuesday, July 02, 2019 8:30:57 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,008
Where are you guys?
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
#3825 Posted : Thursday, August 01, 2019 7:06:05 PM
Rank: Elder

Joined: 10/18/2008
Posts: 3,084
Location: Kerugoya
Copy and Paste Extract

Kenya's shilling strengthened on Thursday (01st August 2019) after the central bank sold dollars to banks to stem persistent weakness in the local unit, traders said.

At 0930 GMT, commercial banks quoted the shilling at 103.60/80 per dollar, up from 104.15 when the central bank intervened earlier in the session.

It had slid more than 1% in seven straight trading sessions.

The shilling sank to its lowest level against the dollar in nearly five years earlier this week due to heightened political risk, a firmer dollar, concerns about export earnings and excess liquidity in the money markets.

"CBK (Central Bank of Kenya) have come in, they've sold dollars," said a trader at one commercial bank.

The bank also sought to mop up 15 billion shillings from the market through seven-day repos.

The weighted average interest rate on the overnight borrowing market for banks has hovered around 2% last month, making it cheaper for banks to bet against the currency by buying up dollars.

Source Link
#3826 Posted : Friday, August 02, 2019 9:28:30 AM
Rank: Elder

Joined: 10/18/2008
Posts: 3,084
Location: Kerugoya
US Dollar to Kenyan Shilling Conversion

1 USD = 102.888 KES

Last updated: 2019-08-02 06:29 UTC

#3827 Posted : Monday, November 25, 2019 7:50:21 PM
Rank: Elder

Joined: 9/23/2009
Posts: 7,420
Location: Enk are Nyirobi
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