Alpha capital market watch

Alpha Capital Forex Market Commentary for the week ending 22nd January 2016

The shilling advanced slightly during the week on the back of \r\nsubdued market activity,trading a little above the psychologically \r\nimportant 3450 mark.  A bit of liquidity tightness also helped in \r\nuplifting the unit.

In the treasury bill market, BOU accepted \r\n175 billion in the auction and rates rose across the board to 19.15%, \r\n21.99% and 24.15% for 91, 182 and 364 day respectively

In the \r\ninternational currency markets, the currency of commodity dependent \r\ncountries continued their slide in 2016 as the price of oil fell to \r\nit's lowest level since May 2003. These include the Russian ruble and \r\nthe Brazilian real which hit an all- time low against the dollar.

Outlook\r\n for the shilling in the coming days indicate a gradual bearish trend \r\nas end month demand kicks in against low fx inflows.

Stephen KABOYO

Meet Founder and MD

Stephen Kaboyo

Mr. Kaboyo is currently, Managing Director Alpha Capital Partners, an indigenous Ugandan fi ...Read More


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