Uganda shilling and global market report – August 30, 2016


The Uganda shilling closed at 3368 on the US dollar, 4411 on the British pound, 3754 on the Euro, 50.28 on the Rupee, 2572 on the Canadian dollar, 2530 on the Australian dollar and 1.53 on the Tanzania shilling.

Coffee Arabica closed at $3.57 per kilo.

Coffee Robusta closed at $2.01 per kilo.

Gold closed at $1313 per ounce after gaining $1.

Brent Crude Oil closed at $48.72 after losing $0.69 per barrel.

WTI Crude Oil closed at $46.35 after losing $0.63 per barrel.  Oil is going down / has turned bearish.



Shanghai gained 5 points and it is strong indicating that it will keep rising, ever so slowly though.  The SSEC does not make aggressive moves.

Hong Kong gained 3 points and seems to be reversing to continue its match to the north.

Tokyo lost 12 points but it has turned up so it will be moving upwards some more.  However this was a no move at all.


Frankfurt gained 113 points.  Beautiful and resilient Germany.

Paris gained 33 points.

London gained lost 17 points.  Likely a bit of profit taking as the FTSE has been very strong.

North America:

Toronto gained 3 points which is insignificant as long as oil does not make an aggressive move.

Dow Jones Industrial Average lost 49 points and it is still in this double top from where it will break up and move higher or fall.  The probability is on the fall side.  This type of chart pattern usually indicates a fall in the near future and it looks like buyers are not showing up to move to buy in bigger amounts to move the index above the current resistance.

Standard and Poor lost 4 points and it is also stuck in the double top scenario.  One move from the SPX or the INDU above either way will lift the other markets or bring them down depending on the chosen direction.

NASDAQ lost 9 points and it is shaping up for a fall.  The above 3 will determine the direction for the COMPQ.


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Martha Leah Nangalama

Moncton, Canada

Twitter: @mlnangalama

I have an IT and Business background.

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