FOREX NEWS & BLOG

Trump trade deal with Japan is close – report

Trump trade deal with Japan is close – report

April 17, 2025 8:39 pm |

If you missed it, about two hours ago, Fox Business’ Charlie Gasparino was out with this report:

If the current trajectory of the negotiations remain, White House officials expect to soon announce a trade deal w Japan, I am told by people w direct knowledge of the matter. No details on exact timing and this could always change given the volatility of the talks, but the smoke signals are positive so far. Also no details on type of deal ect. According to one White House official: “We’re in a great place with a lot of people…Trump didnt get here because he isn’t persuasive…Easter might slow things up but we’re making progress.” Story developing

That’s probably the wind behind the sails of the stock market in the second half of the day today but note that Japanese reports aren’t as positive.

I also think the scope of the first deal — whatever it is — will be critical. Japan has a $68 billion trade deficit in goods with the US so it’s a tough test but I hope the US can drop the 10% tariff floor. If not, and if the US is looking for things like reparations for military defense, then it’s going to signal a tough slog on trade.

This article was written by Adam Button at www.forexlive.com.

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FPFX Technologies Opens New Office in Cyprus to Support Prop Trading

FPFX Technologies Opens New Office in Cyprus to Support Prop Trading

April 17, 2025 8:34 pm |

As interest in proprietary trading rises among
regulated brokerages, FPFX Technologies, the US-based technology provider for
the trading industry, has opened a dedicated office in Limassol, Cyprus.

The new outfit, FPFX Tech CY Ltd, aims to boost the company’s support for
firms looking to expand into prop trading with tailored automation and risk
management solutions.

Targeting Expansion in Prop Trading Space

“Through this office, we plan to meet and exceed the
needs of regulated brokers that are looking to enter the prop space with the
industry’s best technology provider and risk management solutions,” the company
said.

FPFX Technologies, known for SaaS solutions that enable trading firms and brokerages to scale their businesses, added that the Cyprus
office represents more than just a geographic expansion. The company sees this
move as a targeted push to work closely with regulated brokerages, exploring new
business lines.

According to the firm, the Cyprus base enables it to
offer more direct and localized support, helping brokers bridge the gap between
traditional offerings and proprietary trading models. This includes
custom-built trading automation and enhanced risk management solutions tailored
to regulatory environments.

FPFX Tech is a software-as-a-service solution developed exclusively by the company for the prop trading industry. Its Prop Trading Tech
Kit reportedly automates workflows, eliminating manual processes.

The State of Prop Trading

Interestingly, FPFX Tech released a survey about the prop trading space, highlighting that the industry is dominated by men, who
make up 78% of all trader-funded firms (TFFs) clients. I added that those investing
are mostly the Gen Z and Millennials, who account for over 60% of all customers.

“According to the data in the survey, 14% of traders passed
the challenge and obtained a funded account. Of those, about 45% achieved a
payout (7% of all traders) in their funded account, with the average payout
being 4% of the plan size (or account value),” Justin Hertzberg, one of the
founders and CEO of FPFX Tech, told financemagnates.com.

This article was written by Jared Kirui at www.financemagnates.com.

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24 Exchange Sets Daily Record with $7.5B in FX Non-Deliverable Forward Trades

24 Exchange Sets Daily Record with $7.5B in FX Non-Deliverable Forward Trades

April 17, 2025 8:11 pm |

A recent spike in market activity has helped 24
Exchange cross a milestone in the currency derivatives market. On April 11, the
trading venue processed $7.5 billion in non-deliverable forward (NDF) trades,
marking its highest single-day volume to date.

According to the company, this surge reflects growing
institutional interest in alternative FX platforms, especially as global
markets navigate increased volatility from macroeconomic policy shifts and
geopolitical uncertainty.

Heightened Client Engagement

The Bermuda-based over-the-counter trading platform
attributed its record-breaking day to heightened client engagement and the
efficiency of its trading infrastructure.

24 Exchange offers FX NDFs, spot trades, and swaps
through a unified interface designed for institutional users. Since launching
in 2019, the platform has aimed to reduce costs and streamline trade execution
across asset classes.

“This new record is a testament to the strength of our
platform and the trust our global institutional users place in us,” commented
24 Exchange CEO and Founder Dmitri Galinov. “The rapidly rising volume of
daily trades reflects the premiere value our platform provides for our users to
maximize liquidity efficiently. We look forward to increasing these numbers as
24 Exchange continues to innovate in the months ahead.”

By aggregating multiple asset types under one trading
roof, 24 Exchange has positioned itself as a cost-conscious alternative in a
market long dominated by larger incumbents.

The broader context also plays a role. Recent moves
such as proposed U.S. tariffs and shifting rate expectations have injected new
volatility into currency markets. Platforms catering to institutional
strategies, such as 24 Exchange, have seen increased demand as a result.

Volatility in the Currency Markets

24 Exchange’s daily FX NDF volume spike aligns with a
broader trend of record-setting performance among electronic trading platforms
this year, many of which have benefited from renewed institutional hedging and
arbitrage activity.

With its recent performance, 24 Exchange aims to
continue building on its momentum. The company signaled plans to innovate
further and expand its market footprint, although it did not specify upcoming
developments. As volatility and demand for NDFs persist, competition among
trading venues is expected to intensify.

This article was written by Jared Kirui at www.financemagnates.com.

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Hopes for some good weekend news build: S&P 500 climbs to the best levels of the day

Hopes for some good weekend news build: S&P 500 climbs to the best levels of the day

April 17, 2025 7:22 pm |

Generally in a bear market you see selling into a long weekend on heightened risks for bad news. A good example was during the 2023 banking crisis when risk assets were sold on Fridays because of fears of a bank failure.

Now, we’re seeing that reverse. Why?

Last weekend offers a powerful example. Late on Friday, the US exempted computers, chips and other electronics from reciprocal tariffs and that sparked some major optimism. Some of that was dashed before the Monday open as Trump said it was a short-term measure but we could get a breakthough between the US and China or something else this weekend.

What else?

I’m watching for progress on a US-Japan deal as they met this week. If we get a resolution that brings Japan rates back to zero (rather than the 10% floor) it would be a good sign. I’m doubtful that comes but you never know with Trump.

The flipside of hopeful buying into the weekend is that if there’s no news on the weekend then there is a bias towards selling early on Monday.

Along these lines, here is a report from Fox Business:

If the current trajectory of the negotiations remain, White House officials expect to soon announce a trade deal w Japan, I am told by people w direct knowledge of the matter. No details on exact timing and this could always change given the volatility of the talks, but the smoke signals are positive so far. Also no details on type of deal ect. According to one White House official: “We’re in a great place with a lot of people…Trump didnt get here because he isn’t persuasive…Easter might slow things up but we’re making progress.” Story developing

This article was written by Adam Button at www.forexlive.com.

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XAU/USD: Elliott Wave Analysis and Forecast for 11.04.25 – 18.04.25

XAU/USD: Elliott Wave Analysis and Forecast for 11.04.25 – 18.04.25

April 17, 2025 7:17 pm |

Major Takeaways Main scenario: Consider long positions from corrections above the level of 2955.75 with a target of 3300.00 – 3500.00. A buy signal: the price holds above 2955.75. Stop Loss: below 2920.00, Take Profit: 3300.00 – 3500.00. Alternative scenario: Breakout and consolidation below the level of 2955.75 will allow the XAU/USD pair to continue declining to the levels of 2830.61 – 2574.07. A sell signal: the level of 2955.75 is broken to the downside. Stop Loss: above 2990, Take Profit: 2830.61 – 2574.07. Main scenario Consider long positions from corrections above the level of 2955.75 with a target of… Read full author’s opinion and review in blog of #LiteFinance

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Following Ripple’s Acquisition, Hidden Road Secures FINRA Approval as Broker-Dealer

Following Ripple’s Acquisition, Hidden Road Secures FINRA Approval as Broker-Dealer

April 17, 2025 7:01 pm |

Hidden Road Partners CIV US LLC, a subsidiary of Hidden
Road, has received approval from the Financial Industry Regulatory Authority
(FINRA) to operate as a broker-dealer. The announcement was made today (Thursday).

The development comes shortly after Hidden Road disclosed
that it plans to be acquired by Ripple. On April 8, 2025, the company announced
a definitive agreement for a $1.25 billion acquisition by Ripple, a provider of
digital asset infrastructure for financial institutions.

Hidden Road Secures FINRA Approval

“Our broker-dealer registration is a significant step
in the development of Hidden Road’s fixed income prime brokerage platform and
bolsters our capabilities in traditional financial markets,” said Noel
Kimmel, President at Hidden Road.

The FINRA approval allows Hidden Road to expand its fixed
income prime brokerage platform, which currently includes Fixed Income Repo and
Global Funding services. As a broker-dealer, Hidden Road can now offer prime
brokerage, clearing, and financing services for fixed income assets. These
services will be available to both new and existing institutional clients.

“As a FINRA member, we will be able to bring our
best-in-class, technology-driven fixed income service offering to an expanded
universe of institutional clients. Our business has tremendous momentum, and we
look forward to continuing to provide superior execution and support to our
clients amidst today’s exceptionally dynamic market environment,” Kimmel
added.

You may find it interesting at FinanceMagnates.com: “The
Knee on Crypto’s Neck is Lifting”: Hidden Road’s Higgins on MiCA, Industry’s
Future.

Hidden Road Launches Fixed-Income Brokerage Services

Meanwhile, Hidden
Road expanded its prime brokerage services with the launch of a fixed-income
platform, following its recent approval as a Fixed Income Clearing
Corporation (FICC) member. This platform includes Fixed-Income Repo and Global
Funding services.

The move is part of Hidden Road’s strategy to offer
multi-asset institutional financing solutions. The platform aims to enhance
liquidity and market access, with increasing institutional demand for
fixed-income solutions. Industry veteran Mike Santoro will lead the new
business, focusing on market stability and efficient transactions.

This article was written by Tareq Sikder at www.financemagnates.com.

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Baker Hughes oil rig count +1 to 481

Baker Hughes oil rig count +1 to 481

April 17, 2025 6:53 pm |

  • Oil rigs +1 to 481
  • Nat. Gas +1 to 98
  • Total rigs +2 to 585.

Crude oil is trading up $1.63 for 2.59% and $64.09. That takes the price above the 50% midpoint of the move down from the recent April 2 high at $63.70. The price I traded to the highest level going back to April 4. The low price for the month was reached at $55.12 on April 9. Since then, the price is up 16.26%. The prices still down around -10.25% from the end of March.

This article was written by Greg Michalowski at www.forexlive.com.

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Positive chatter about trade deals give the stock a little boost

Positive chatter about trade deals give the stock a little boost

April 17, 2025 6:21 pm |

Positive comments on trade from Pres. Trump as given the stock little bit of a boost to the upside.

The S&P index is now up 34 points or 0.65% 5309.44.

The NASDAQ index which traded as low as -126 points is now up 24 points or 0.15%.

The Dow industrial average remains negative by 352 points but is trading near highs for the day after falling as much as -719 points.

Meanwhile Treasury Secretary Bessent is saying that trade negotiations with Japan are moving along in a highly satisfactory direction.

This article was written by Greg Michalowski at www.forexlive.com.

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