Mon. Mar. 14, 2016 Uganda shilling and global market report


The Uganda shilling closed at 3352 on the US dollar, 4792 on the British pound, 3721 on the Euro, 33 on the Kenyan shilling and 2526 on the Canadian dollar.

Coffee Arabica closed at $3.18 a kilo.

Coffee Robusta closed at $1.64 a kilo.

Gold closed at $1236 an ounce after dropping $15.  This means that people are not running into metals so the markets (equities) should really be on a bull ride.

Oil (Brent Crude) closed at $39.72 after losing $0.64 a barrel.  Its chart signals that it is going down.



Shanghai went up by 49 points. The $SSEC chart had signaled going down end of last week but today it actually kinda reversed the chart.  It is approaching its 200 MA and we should expect a pull back when it hits that line some time this week.  We could be lucky that it breaks above that line and rocks upwards.

Hong Kong gained 4 points.  This is nothing for the $HKDOW because it can move big some times.  Its chart looks pretty good on the upside.

Japan closed just under its 50 day MA last Friday.  Today, it did not only close above it but flew up with a gap up. Chart of the day.  The $NIKK has suffered a lot of clobbering so it is nice to see it shoot above its 50 day MA with a sweet gap and gain 295 points.  Consistency is key.  For the last 2 weeks it has been showing consistent small moves but they all add up.


Frankfurt gapped up and gained 159 points.  It is still sitting comfortably above its 50 day MA and gap ups usually spell good news.  The $DAX is on its way up.  A bit still far from its 200 MA but we will worry about that when we get close to that line.

Paris hardly moved.  It gained 14 points but its chart is still bullish (more buyers than sellers).  The $CAC tends to follow Frankfurt so when the latter is going up, we expect Paris to go up.  They share borders and economic policies.

London gained 35 points.  While its chart was signalling a fall last Friday, today it kind of stopped but did not form a strong opinion.  I am thinking that the $FTSE will follow Frankfurt and Paris, and it usually does so.

North America:

Toronto lost 45 points.  Not so bad when you think it nearly touched its 200 MA and closed just underneath it.  The $TSX is oil heavy so movements in oil tend to affect its performance but seeing that oil was just taking a breather, this minor drop on the Toronto Stock Exchange is exactly that…minor.

Dow Jones gained 16 points.  Very minor for the $INDU but it continued on its match upwards after breaking through the 200 day MA last Friday.  This is a big accomplishment.  There is no resistance in sight and now we have two support lines underneath us (200 MA and 50 day MA).

Standard and Poor gained lost 3 points and closed exactly at the level of the 200 day MA. I think the $SPX is going to go up.  The chart is a beauty.

NASDAQ gained 2 points.  It is sitting comfortably above its 50 day MA which is now its support and waiting to get close to the 200 day MA (its resistance).  The action on the DOW will affect the NAS and so will the S&P and these two are looking good for a follower like the $COMPQ.


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Information you could use.

Martha Leah Nangalama

Moncton, Canada

Find me on Google+, Linkedin, Facebook and most social media.  I have an IT and business background.  All my opinions are mine and mine alone.


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