Uganda shilling and global market report – August 29, 2016


The Uganda shilling closed at 3368 on the US dollar, 4414 on the British pound, 3768 on the Euro, 50.20 on the Rupee, 33.26 on the Kenyan shilling, 2587 on the Canadian dollar, 2551 on the Australian dollar and 1.54 on the Tanzania shilling.

Coffee Arabica closed at $3.54 per kilo.

Coffee Robusta closed at $1.99 per kilo.

Gold is trading at $1324 and has gained $3 per kilo.

Brent Crude Oil lost $0.30 and closed at $49.41 per barrel.

WTI Crude Oil lost $0.66 and closed at $46.98 per barrel.  Oil is going down.  It is shortable around about now.



Shanghai did not move but the chart says it is a bull.

Hong Kong moved a bit then closed right where it opened with zero change.  It also looks bullish (more buyers than sellers).

Tokyo gapped up and gained 377 points.


Frankfurt lost 43 points and I do not think it is going to fall too much more.  People have to be careful with the DAX because Merkel is being slammed in the media, being blamed, Germany being attacked and so many other things like Ukraine, Nato, Erdogan, Putin, etc…  Be careful because the chart does not lie.  The Germany economy seems to be strong according to the Frankfurt stock exchange.

Paris lost 18 points and its chart is looking like the one for Frankfurt.  Hence short at your own risk.

London gained 21 points and keeps squeezing weak hands.  The FTSE is not going to be dropping easily.

North America:

Toronto gained 42 points and seems too resilient to really drop.  The chart looks like it was pausing before another leg up.

Dow Jones Industrial Average gained 108 points and it looks like it is going to defy the double top and continue going up.  Interesting, except the two areas where it topped out before falling last week are now resistance so it might run into an issue in a day or two.


Standard and Poor gained 11 points and also looks like it will defy the double top and reverse back up.

NASDAQ gained 13 points and will take its cue from the other 3 North American ones.


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Martha Leah Nangalama

Moncton, Canada

Twitter: @mlnangalama

I have an IT and Business background.

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