Uganda shilling and global market report for August 15, 2016


The Uganda shilling closed at 3368 on the US dollar, 4338 on the British pound, 3765 on the Euro, 50.37 on the Rupee, 33.22 on the Kenyan shilling, 2606 on the Canadian dollar, 2585 on the Australian dollar and 1.54 on the Tanzania shilling.

Coffee Arabica closed at $3.47 per kilo.

Coffee Robusta closed at $2.03 per kilo.

Gold is at $1344 after gaining $3 per ounce.  OMG. This means that the markets did well.

Brent Crude oil closed at $48.28 after gaining $1.11 per barrel.

WTI crude oil closed at $45.74 after gaining $1.25 per barrel.



Shanghai – Holly Crap.  The SSEC flew up like you have no idea.  What a beauty.  And it is gonna squeeze all the shorts.

Hong Kong gained one point.  All eyes on Shanghai and just look at that chart.

Tokyo lost 50 points and it is nothing to write home about.


Frankfurt gained 26 points and it is bullish (more buyers than sellers).

Paris lost 2 points and this is nothing also.  The markets have been rising so people take out some profits.

London gained 25 points. Imagine how many people dumped the FTSE for fear of #Brexit.  It defies daily.

North America:

Toronto gained 30 points.  Hardly a move on the TSX.

Dow Jones Industrial Average gained 60 points and oh well, it is nothing too.

Standard and Poor gained 6 points.

Nasdaq gained 29 points.

Ladies and gentleman, we are in a bull market.  There is a saying in the business world, “sell in May, buy in October”. It looks like the heavy players are back at their trading desks.

Martha Leah Nangalama

Moncton, Canada

I have an IT and Business background.  I own shares and have traded in the past.

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