The shilling closed at 3420 on the US dollar, 4902 on the British pound, 3799 on the Euro, 33.60 on the Kenyan shilling and 2490 on the Canadian dollar.
Coffee Arabica closed at $2.99 a kilo.
Coffee Robusta closed at $1.65 a kilo.
Not much to get excited about the movement in coffee except if you trade in big quantities like 5 containers or so. Then every move of $0.05 makes a big difference.
Gold shot up by $23.46 per ounce closing at $1232.
Brent crude oil fell back to below the 50 day moving average. It did not lose much at all but it is where it opened and where it closed. So it is going to fall back down. It lost $0.92 closing at $34.02 a barrel. It was most likely due to profit taking though. The 50 day moving average is coming down nicely and this was day 2 of piercing above it.
Shanghai lost only 4 points but the chart says $SSEC is going up.
Hong Kong gained 6 points and the chart says it is also going up.
Tokyo tried today to resume its climb out of the dumps. It gained 360 points (2.28%). Which is buyer beware because the $NIKK has recently been dropping 700 – 900 points in one trading day.
Frankfurt rose 0.92% (86 points). The chart says it is going up.
Paris rose rose 0.15% (6 points) but it was taking a pause as the chart shows that it will continue upwards. Until it hits the 50 day moving average (its resistance) and that one is way above the current trading level.
London fell 0.97% (58 points) but remained well above the 50 day moving average. In fact it touched it then bounced off it. This is a beautiful chart formation. Chart of the day.
Toronto – oh yes, I miss you too. The $TSX is rising very nicely. It rose 0.50% gaining 64 points. Remember that the TSX is oil heavy and oil has stabilized.
Dow Jones Industrial Average fell 0.25% (40 points). It is sitting at 16413 but will pull back when it touches the 50 day moving average at 16700. The nice thing about the chart is 3 white nice candles so the pull back will be nothing to worry about. God willing.
Standard and Poor composite formed the same pattern as the DOW and it is moving up. This is good. Perhaps the bears will go into hibernation after all.
NASDAQ fell 1.03% but not too worrisome as the red candle was engulfed in yesterday’s white positive candle. Nasdaq can have some serious profit taking on a good day or faking out small traders.
Today Uganda voted for their new president. There were many controversies, not only today but they have been on going including the main opposition leader Dr. #Besigye being arrested today. But get this. He was arrested on Monday twice. I guess he just likes trouble. You can read about what happened today on this very same website http://www.theinsider.ug/category/ug-decides-2016/ OR visit my blog www.http://nangalama.blogspot.ca/
Martha Leah Nangalama