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Botswana seals energy, mining deals with Oman
digitaljournal60d ago

Botswana seals energy, mining deals with Oman

Botswana has signed energy and mining exploration agreements with Oman as it seeks to deepen economic ties with the sultanate, the presidency said. The Southern Africa nation has been courting Gulf states as it seeks to diversify an economy heavily reliant on diamonds, of which it is the world’s leading producer by value. President Duma [...] The post Botswana seals energy, mining deals with Oman appeared first on Digital Journal .

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Iamgold (NYSE:IAG) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s Why
americanbankingnews60d ago

Iamgold (NYSE:IAG) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s Why

Iamgold Corporation (NYSE:IAG – Get Free Report) (TSE:IMG) shares crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $16.99 and traded as high as $20.28. Iamgold shares last traded at $20.2020, with a volume of 4,580,962 shares. Analysts Set New Price [...]

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FXCM (OTCMKTS:GLBR) Stock Price Crosses Above 200 Day Moving Average – Here’s Why
defenseworld60d ago

FXCM (OTCMKTS:GLBR) Stock Price Crosses Above 200 Day Moving Average – Here’s Why

Shares of FXCM Inc. (OTCMKTS:GLBR – Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $0.00 and traded as high as $0.0001. FXCM shares last traded at $0.00, with a volume of 0 shares traded. FXCM Stock Performance About FXCM (Get Free [...]

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EUR/USD Forecast: Bullish Momentum Targets 1.1800 as Risk-On Surge Intensifies
bitcoinworld60d ago

EUR/USD Forecast: Bullish Momentum Targets 1.1800 as Risk-On Surge Intensifies

BitcoinWorld EUR/USD Forecast: Bullish Momentum Targets 1.1800 as Risk-On Surge Intensifies The EUR/USD currency pair exhibits strengthening bullish momentum in early 2025, with technical analysis suggesting a sustained move above the critical 1.1800 psychological level appears increasingly probable. Consequently, market participants closely monitor shifting risk sentiment and fundamental economic divergences between the Eurozone and the United States. This analysis provides a comprehensive examination of the current [...] This post EUR/USD Forecast: Bullish Momentum Targets 1.1800 as Risk-On Surge Intensifies first appeared on BitcoinWorld .

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Rupee Hits Fortnight Low 2026: Drops 52 Paise as Crude Oil Crosses $100
businessleague_in60d ago

Rupee Hits Fortnight Low 2026: Drops 52 Paise as Crude Oil Crosses $100

Now the Indian currency is facing its most aggressive headwind of the second quarter as geopolitical tremors in West Asia ripple through the forex markets. On Monday, the Rupee hits fortnight low 2026, depreciating by 52 paise against the US dollar in a single session. First, the steep decline was triggered by a “double whammy” [...] The post Rupee Hits Fortnight Low 2026: Drops 52 Paise as Crude Oil Crosses $100 first appeared on Business League .

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Silver Price Forecast Surges: XAG/USD Taps $77.00, Building Critical Strength Above 200-EMA
bitcoinworld60d ago

Silver Price Forecast Surges: XAG/USD Taps $77.00, Building Critical Strength Above 200-EMA

BitcoinWorld Silver Price Forecast Surges: XAG/USD Taps $77.00, Building Critical Strength Above 200-EMA The silver market, represented by the XAG/USD pair, has captured significant trader attention by tapping the $77.00 level, a move that analysts are closely watching for its implications on the broader commodity and forex landscape. This price action is particularly notable as it occurs in conjunction with the metal building strength above its 200-period Exponential [...] This post Silver Price Forecast Surges: XAG/USD Taps $77.00, Building Critical Strength Above 200-EMA first appeared on BitcoinWorld .

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Gold recovery continues; market outlook uncertain.
in_tradingview60d ago

Gold recovery continues; market outlook uncertain.

Gold Recovery Holds, but the Market Still Needs to Break Higher XAUUSD is recovering well, though the next buying/entry leg still needs stronger confirmation. Gold continues to rebound from the sub-4,650 area reached earlier, and the latest move shows that buyers are still active as the market tries to rebuild structure. The recovery is also being supported by the broader macro backdrop. Although the US-Iran peace talks failed over the weekend, markets still appear to believe that diplomacy is not completely off the table. That has helped limit aggressive safe-haven demand for the dollar. At the same time, uncertainty around the Fed’s next rate decisions is keeping the US dollar from gaining stronger traction. That matters for gold. When the dollar loses momentum and rate expectations become less certain, the metal usually finds more room to recover. Technical Structure From a technical perspective, gold is trying to extend its rebound inside an improving short-term structure. Price has already recovered from the recent low and is now stabilizing around the 4,770 area. The chart shows a clear framework: 4,650–4,700 is the near-term support zone protecting the current rebound the first major upside target comes in near 4,800 above that, the broader resistance and liquidity zone sits around 5,370–5,412 as long as price remains above the rising recovery structure, the upside bias stays valid This means the market is no longer trading in a weak corrective phase. It is recovering. But the recovery still needs continuation through resistance before the bullish case becomes fully convincing. Key Price Zones Immediate Support: 4,650–4,700 This is the first zone holding the rebound together. If buyers continue defending it, the structure remains constructive. First Upside Test: 4,800 This is the nearest resistance and the first level that needs to be cleared to strengthen the recovery. Major Sell Zone: 5,370–5,412 This is the broader upside liquidity area and the more important resistance ceiling on the chart. Market Scenarios Scenario 1 – Hold support and continue higher This is the constructive path. If gold stays above the current recovery base, price may extend through 4,800 and continue building towards the higher liquidity zone. Scenario 2 – Pull back first, then recover again This is also realistic. The market may retrace slightly after the recent bounce. But as long as price holds above the 4,650–4,700 support area, that pullback would still look corrective rather than bearish. Scenario 3 – Lose support and weaken the recovery If gold drops back below the current support structure, the rebound would lose momentum and the upside case would be delayed. Market Insight Gold is in a better position than it was a few sessions ago, but the market is still not fully free of resistance. The weaker dollar tone and uncertainty around Fed policy are helping the metal recover, yet buyers still need to prove they can turn this rebound into a cleaner upside continuation. For now, the message is clear: gold is recovering well, support is holding, and as long as the current base remains intact, the market still has room to push higher.

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GBP/USD Forecast Soars: Sterling Refreshes Six-Week High Above Critical 1.3500 Level
bitcoinworld60d ago

GBP/USD Forecast Soars: Sterling Refreshes Six-Week High Above Critical 1.3500 Level

BitcoinWorld GBP/USD Forecast Soars: Sterling Refreshes Six-Week High Above Critical 1.3500 Level The British pound has staged a significant rally against the US dollar, decisively breaking above the psychologically important 1.3500 level to reach its highest point in six weeks. This move, observed in London and global markets on April 10, 2025, signals a potential shift in momentum for the currency pair commonly known as ‘Cable.’ Market [...] This post GBP/USD Forecast Soars: Sterling Refreshes Six-Week High Above Critical 1.3500 Level first appeared on BitcoinWorld .

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Axi UK’s FY25 Profit Jumps 320% with a Double-Digit Boost in Revenue
financemagnates60d ago

Axi UK’s FY25 Profit Jumps 320% with a Double-Digit Boost in Revenue

The UK unit of Axi, a contracts for difference (CFDs) broker, generated a net profit of almost $10.2 million in the fiscal year ended on 30 June 2025, a jump of 320 per cent from the previous year’s $2.4 million. A Solid Revenue Boost for Axi UK The substantial profit was tied to the company’s revenue rise, which increased to $59.3 million from almost $38 million a year ago. That was a year-on-year increase of 56 per cent. Although sales and administrative costs rose, the company’s operating profit came in at $9 million, up from over $1.4 million. Its interest income also doubled to almost $4 million. Read more: 74 Brokers in the UK Can Offer CFDs to Retail Clients In the UK, the broker’s offering is broadly in line with its international offerings of forex and CFDs, but with limited leverage as per the norms of the country. It also offers spread betting to British residents, which is a tax-free trading product there. The latest Companies House filing also highlights that the UK entity, Axi Financial Services (UK) Limited, is a direct subsidiary of the Australia-based AxiCorp Financial Services and also has three subsidiaries related to One Financial Markets, which Axi acquired in 2018. [#highlighted-links#] Client Activity Has Surely Increased The UK unit did not specify the direct reason behind the jump in revenue; however, it did mention an increase in client money balances on its platform. The average month-end client money balance at the end of the fiscal year was $20.6 million, compared to $19.3 million in the previous year. The highest month-end balance during this period was $25.6 million. FinanceMagnates.com earlier reported that the Australia-headquartered broker hired Andrea Rebusco as the regional head for the UK, EU, and LATAM, signalling its focus on these three markets. Interestingly, Axi also joined the group of other large CFD brokers like IG and Pepperstone to offer physical cryptocurrency trading to its clients. Earlier this year, it launched a new crypto service called Axi Buy Crypto , allowing clients to buy, sell, or hold cryptocurrency directly on the platform. This article was written by Arnab Shome at www.financemagnates.com.

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