Uganda shilling and global market report – September 14, 2016


The Uganda shilling closed at 3387 on the US dollar, 4491 on the British pound, 3809 on the Euro, 33.48 on the Kenyan shilling, 2567 on the Canadian dollar, 2532 on the Australian dollar and 1.55 on the Tanzania shilling.

Coffee Arabica closed at $3.64 per kilo.

Coffee Robusta closed at $2.16 per kilo.

Gold is trading at $1323 with hardly any change.

Brent Crude Oil closed at $46.01 after falling by $1.15 per barrel.

WTI Crude Oil closed at $43.58 after dropping $1.32 per barrel.

The charts for oil are very ugly but it is not like we have not been warning about this.  It is tanking.




Shanghai fell 21 points.  It is in bear territory.

Hong Kong was flat.

Tokyo lost 115 points.  It is bearish but not as definitive as the $SSEC.


Frankfurt fell 8 points and closed on the support level of its 50 day moving average (MA).  Today is the third trading day it is testing this level and this means it could bounce up although my confidence level on this one is only 40%.

Paris fell 19 points.  A bear is on the loose.

London gained 8 points. It is bearish.

North America:

Toronto gained 17 points.  It is bearish.

Dow Jones Industrial Average lost 32 points.  It is on the way down.

Standard and Poor lost 1 point and continues to fall.

NASDAQ gained 19 points. It could actually turn around on its own as it is seeming stronger than its 3 cousins. Christmas shopping might have started early (think gadgets).


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Martha Leah Nangalama

Moncton, Canada

Twitter: @mlnangalama

I have an IT and business background.  All my opinions are mine and reflect on no one I am associated with.

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