The shilling closed at 3370 on the US dollar, 4839 on the British pound, 3833 on the Euro, 33.23 on the Kenyan shilling and 2595 on the Canadian dollar.
The shilling is not moving much at all. We need it to break through this resistance of 3300 and climb higher. If it should return to crash through its support at 3400, we will have ebizibu.
Coffee Arabica closed $3.24 a kilo.
Coffee Robusta closed at $1.73 a kilo.
Gold closed at $1234 per ounce after gaining barely over a dollar.
Oil (Brent Crude) closed at did not change and remains at $40.11 per barrel. The daily chart shows that the drop was minor and it will resume its upward match. The weekly chart is nothing short of happy going up.
Shanghai gained 3 points and it is resuming its walk to the North.
Hong Kong was unchanged.
Tokyo was ugly. It lost 120 points and nearly brushed its 50 day moving average on the daily chart. The pattern it formed says it is going to crash through this key support level and then head south. This is our chart for today. Notice the read candle and how it nearly brushes the support line.
Frankfurt lost 81 points but does not seem to be deciding if to go up or down. We need to keep an eye on Shanghai.
Paris fell by 59 points and it was a red candle but it has a gap up from two trading days ago and did not bridge it. This means that the chances of it falling or rising are 50/50. It is still holding up well above its support of the 50 day MA.
London lost 28 points but it is nothing to write home about. Likely profit taking. Daily and weekly chart say the $FTSE is going up.
Toronto acted funny. Barely moved closing at a loss of 10 points and remaining even on the support line, the 200 day MA.
Dow Jones Industrial Average lost 32 points but still flying very highly above its 200 day MA.
Standard and Poor lost 4 points but its chart pattern is like the Dow.
NASDAQ did not move. It remained unchanged and sitting on its 200 day MA.
If you check the website The Insider, click on News, Business, World News. There are many articles to please you. I shared some on Social media but not all of them. There are a lot of things going on in the world so read up.
Martha Leah Nangalama
I have an IT and business background and have traded equities, mutual funds, indexed funds, options and forex in the past. All my opinions are mine and mine alone.