Tuesday Jan. 19, 2016 shilling and global market report


The Uganda shilling closed at 3473 on the US dollar, 4918 on the British pound, 3788 on the Euro, 33.92 on the Kenyan shilling and 2382 on the Canadian dollar.

Coffee Arabica finished at $2.94 a kilo.

Coffee Robusta ended at $1.63 a kilo.

Gold is trading at $1,088 per ounce.

Oil reached a high of $30.24 but retreated to close down at $28.77.  The oil chart shows that we are heading lower.  In fact we have no support in place at all so unless the buyers come out of the wood works to give us a lift, we will likely hit $25 soon.

Global Markets:


Shanghai continued to recover gaining 3.22% (93.90 points) finishing at 3007.  Shanghai is on its way up as this is a second positive day in an area which was tested last week and has not been bridged in the last 4 trading days.

Hong Kong fell by 1.48% (6.31 points) closing at 421.  Looks like the rising boat of China is going to bring this one up.

Tokyo fell by 0.58% (98.74 points) ending the day at 17048. Despite the fall, the chart formed a pattern that shows there is a recovery in progress.  We can thank China tide for that.


Frankfurt gained 1.50% (142.36 points) and closed at 9664.

Paris gained 1.97% (82.69 points) and closed at 4772.

London gained 1.68% (97 points) and closed at 5871.

North America:

Toronto went up by 0.50% (60 points) finishing at 12002.  We need oil to go up in order to help this one since Canada relies on commodities a lot with oil being key.

New York (DOW Industrial Average) gained 0.17% (27.94 points) and closed at 16016. Oil rise is needed here too.

NASDAQ fell 0.26% (11.47 points) and closed at 4477.  Generally the Nasdaq lags in the other ones in recovery but its chart looks promising too.

Martha Leah Nangalama
Moncton, Canada

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