Thur. Mar. 3, 2016 Uganda shilling and global market report


The Uganda shilling closed at 3363 on the US dollar, 4765 on the British pound, 3683 on the Euro, 33.20 on the Kenyan shilling and 2506 on the Canadian dollar.

Coffee Arabica closed at $2.97 a kilo.

Coffee Robusta closed at $1.59 a kilo.

Gold closed at $1257 an ounce.

Brent crude oil closed at 37.01 and there is really no change on it.  The chart still looks promising.



Shanghai gained 10 points but it is stuck in the big long red negative candle of 4 trading days ago.  Something to watch as the chart is not impressive.

Hong Kong gained only 1 point but it is pushing up from bouncing upwards from its 50 day moving average.

Tokyo gained 214 points and continues its match upwards.  It is approaching its 50 day moving average (resistance) so we will see if it breaks through and continues rising.


Frankfurt dropped 25 points and stopped at its 50 day moving average which is now its support.  Cross fingers and toes as it could move up from this point.  The drop is not that worrying as long as it does not close under this key level support level.

Paris lost 9 points.  Wait, this is likely due to profit taking.  It is still above its support level of the 50 day moving average.

London lost 17 points but it is still way above its support level (the 50 day moving average).  I love this chart.

North America:

Toronto did a wonderful job.  It gained 106 points.  Might have something to do with the United States of Canada.

Dow Jones Industrial Average gained 45 points.  The chart is great too.

Standard and Poor gained 7 points and the chart is also awesome.

NASDAQ gained 4 points and formed the same chart pattern as the other North American indices.


Check the World News section on The Insider as most of it is there and so are the regional stories from the Great Lakes Region (Kenya, Tanzania, Rwanda, Burundi, South Sudan, DRC.).

Martha Leah Nangalama

Moncton, Canada

Whatsap +15068716371

You can also find me on Google, Facebook, Linkedin and all other social media.

All my opinions are mine and mine alone.


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