The Uganda shilling closed at 3368 on the US dollar, 4475 on the British pound, 3772 on the Euro, 50.41 on the Rupee, 33.28 on the Kenyan shilling, 2572 on the Canadian dollar, 2542 on the Australian dollar and 1.54 on the Tanzania shilling.
Coffee Arabica closed at $3.60 per kilo.
Coffee Robusta closed at $2.01 per kilo.
Gold is trading at $1313 per ounce and lost $1.25. Awesome. When gold does not move aggressively it means the markets are busting a move.
Brent Crude Oil closed at – Hot damn! Okay, I guess charts never lie. It fell by $1.23 a barrel closing at $45.78. The chart is ugly like you have no idea. It bridged a key support level. This is our chart for today. Just look at how it crashed under the 50 day moving average (MA).
WTI Crude Oil closed at— oh dear Lord, I am gonna have a freaking heart attack! WTI closed at $43.16 after losing $1.54 per barrel. This chart is also a giver.
Jokes aside, we make money whether oil goes up or down. As a matter of fact, it should fall some more as it will do this month because Q3 will mean we get our dividends to buy more shares at a lower price. BITE!
Shanghai lost 22 points and looks bearish but with the support it has, I would not bet my bottom dollar on the SSEC going down.
Hong Kong gained 3 points and it is on its way up.
Tokyo gained 39 points. Very minute for the Nikkei but it is signalling to move up north.
Frankfurt lost 58 points but it is stuck in small movements within a white positive candle from 2 weeks ago. I would be careful getting into the DAX. I would hold all positions if I were in the DAX.
Paris gained 1 point and it is touch and go. The chart is not too convincing either way. I would take half the money off the table and watch how it plays out.
London lost 35 points. Okay this one is going down. Which implies that the DAX and CAC are likely going to follow this one (FTSE). It might not drop too hard though so please exercise caution. Seriously, consider taking some money off the table because it is going to go down but the FTSE has freaked out a lot of weak hands and could reverse! Never trade with money you cannot afford to lose. In a blink of an eye, you can lose your shirt or skirt!
Toronto gained 87 points. Would you just believe that oil fell and the TSX defied oil. Wait, we also have technology so maybe we are not so tied to oil after all.
Dow Jones Industrial Average gained 18 points but had crashed a bit in the day and only recovered to close positive. This INDU has been playing around with this double top and not crashing. We need movement, hello!
Standard and Poor – mscheeeew! It kind of moved and then returned to close at the same price as the opening price.
NASDAQ gained 14 points. Terribly boring. Could the North American indices at least make a real serious move? Becoming terribly boring to watch them just stick within tight ranges.
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Martha Leah Nangalama
I have no financial training. I have a background in IT / Business and Information Science