PS Bigirimana praises ECCMIS as an effective countermeasure to case backlog The Permanent Secretary to the Judiciary, Pius Bigirimana, has delivered an emphatic endorsement of the Electronic Court Case Management Information System (ECCMIS) initiative in Uganda. Bigirimana spoke on August 24th, 2023, highlighting the ECCMIS as a formidable solution to the persistent issue of case…
Gold price strengthens on fading hopes of more interest-rate increases What is happening with gold prices? Gold prices (XAU/USD) have been strengthening this week as the rally in US Treasury yields has come to a halt. This pause in the rise of Treasury yields is due to fading hopes of more interest-rate increases from the…
EUR/USD Extends Losses as US Data Reignites Fed Tightening Worries Overview EUR/USD extended its losses on Tuesday for two straight days and clings above the 1.0900 figure after solid data from the United States (US) reignited worries of additional tightening by the Federal Reserve (Fed) amidst a resilient US economy. At the time of writing,…
The Impact of Supply on USD/CAD Pair During Asian Session Introduction The USD/CAD pair experienced some supply during the Asian session on Tuesday, causing a decrease in spot prices and eroding a major part of the overnight gains to a multi-day peak. The spot prices dropped to a fresh daily low, falling below the mid-1.3400s…
Gold Price Dips During Asian Session What’s Happening? The price of gold has seen a slight decline during the Asian session on Monday, dropping to the $1,911-$1,910 region. This marks the lowest level for gold since July 7. Despite this intraday downtick, there has been a lack of follow-through selling, which suggests caution for aggressive…
In Friday’s Session: EUR/JPY Trades with Losses EUR/JPY Closed Negative Below 159.00 Area In Friday’s session, the EUR/JPY traded with losses, closed negative below the 159.00 area, and corrected after five consecutive days of gains. On the Euro’s side, France’s Consumer Price Index (CPI) figures slightly surprised to the upside but failed to significantly impact…
Silver Price Stagnates Despite US PPI Growth Current Situation The price of silver (XAG/USD) has been hovering around $22.70, showing a lack of movement despite the recent growth in the United States Producer Price Index (PPI) in July. This comes as a surprise considering the rapid rise of the US Dollar, which has now reached…
Gold Prices Dip as Concerns Over US Inflation Rise Market Update: XAU/USD Refreshes Intraday Low at $1,930.00 The price of gold (XAU/USD) has dipped to its intraday low of around $1,930.00 as concerns over Thursday’s Consumer Price Index (CPI) data dampen its appeal. The precious metal is under severe pressure amid a strengthening US Dollar,…
