The Mexican Peso rallied against the US Dollar on Thursday after US President Donald Trump and Mexican President Claudia Sheinbaum held a phone call that both said was “very productive.” This and a weaker Greenback sent the USD/MXN drifting lower, exchanging hands at 19.69, down 1.14%.
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The Greenback grabbed some much-needed oxygen on Maundy Thursday despite alternating risk appetite trends.
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The Pound Sterling (GBP) remains steady against the US Dollar (USD) on Thursday after United States (US) economic data suggested that the labor market remains solid, while housing data was mixed.
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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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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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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.
While retail stares at charts, the real players are getting licensed.Hidden Road just secured FINRA approval for a broker-dealer license (April 17, 2025).Translation?Wall Street just handed them the keys to the front door.They’re not building this for fun.They’re building… pic.twitter.com/zxlT3Qd9aQ
— 589bull (@589bull10000) April 17, 2025
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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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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Last week, the US announced tariffs on all its trading partners and the markets have reeled in response. Read more about the market movements here.
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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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The Pound Sterling (GBP) remains steady against the US Dollar (USD) on Thursday after United States (US) economic data suggested that the labor market remains solid, while housing data was mixed. At the time of writing, GBP/USD is trading at 1.3250, up 0.11%.
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The True Strength Index (TSI) is a momentum oscillator that helps traders analyze trend strength and assess overbought and oversold conditions in the market. It helps identify potential changes in trend direction and highlights optimal entry and exit points. TSI reflects price momentum shifts and can be used alongside other technical indicators to generate more accurate trade signals. Understanding TSI signal line crossovers helps traders make informed decisions and enhance their overall trading strategy. Major Takeaways TSI (True Strength Index) is a momentum oscillator that gauges trend strength and direction using two exponential moving averages. The main signals include signal line… Read full author’s opinion and review in blog of #LiteFinance
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The Dow Jones Industrial Average (DJIA) on Thursday plunged over 500 points, or over 1.30%, and UnitedHealth Group (UNH) shares nosedived 23% following an earnings miss and a pessimistic full-year outlook.
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