The Pound Sterling registers losses against the strong US Dollar, yet it remains above 1.3300. A strong UK Retail Sales report failed to underpin Cable, which registers losses of 0.20% as the GBP/USD trades at 1.3311.
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The NASDAQ index is hitting new intraday highs, currently up 134.13 points (+0.78%) at 17,300.82. In the process, it has broken above a key target level at 17,238, which had served as support in mid-March (March 11, 13, and 14 — see red circles). The index is also trading above the April 9 high of 17,202.94, further strengthening the bullish case.
Looking ahead, the next major resistance is the 50% Fibonacci retracement of the decline from the December high, which comes in at 17,494.31. Beyond that, though not shown on the chart, is the falling 50-day moving average, currently at 17,732.54.
The S&P 500 is also higher, up 23 points (+0.42%) at 5,507.90. Yesterday, it climbed above its 200-hour moving average at 5,457.12, and is now extending gains above the 50% retracement of its pullback from the all-time high reached on February 20. That level, at 5,491.24, now acts as short-term support. Holding above it could pave the way for further upside momentum. Staying above the 200-hour MA is a risk level for buyers looking for more upside.
This article was written by Greg Michalowski at www.forexlive.com.
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Dear readers, I’ve prepared a short-term forecast for Bitcoin, Ripple, and Ethereum based on the Elliott wave analysis. The cryptocurrency market is evolving as predicted. Major Takeaways BTCUSD: Expect a decline within correction 2. Consider short positions from the current level with Take Profit at 82,732.85. XRPUSD: Expect a decline within correction 2. The recommendation is to open short positions with Take Profit at 1.927. ETHUSD: Correction 2 is projected to develop. Consider selling from the current level with Take Profit at 1,471.55. Elliott Wave Analysis for Bitcoin The bullish wave is developing in the last section of Bitcoin’s chart…. Read full author’s opinion and review in blog of #LiteFinance
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When Donald Trump took office, investors were eager to purchase the US dollar. It was believed that American exceptionalism would gain strength. Instead, it is evaporating, prompting a rally in the EURUSD pair. Let’s discuss this topic and make a trading plan. Major Takeaways Investors are getting rid of toxic US assets. The USD index collapsed by 7%, and this is not the limit. The Fed’s independence is under threat. Long trades on the EURUSD pair can be opened with targets of 1.16 and 1.195. Weekly US Dollar Fundamental Forecast The actions of the 47th President of the United States… Read full author’s opinion and review in blog of #LiteFinance
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IFX Payments has reached an agreement in principle to
acquire Argentex Group PLC. The deal brings together two companies active in
the UK payments and foreign exchange (FX) markets.
Argentex is a publicly listed company. It offers foreign
exchange services and is authorised as an electronic money institution. The
company serves institutions, corporates, and high-net-worth individuals.
IFX Payments Announces Argentex Acquisition Deal
“We are very pleased to announce the proposed acquisition of
Argentex, which will enhance our regulated capabilities, diversify our product
portfolio, particularly in FX risk management and institutional offering, and
further expand our geographical reach and network,” Will Marwick, CEO at IFX
Payments said.
Argentex was founded in 2012. It joined the London Stock
Exchange’s AIM market in 2019, raising £14 million at the time. Its market
capitalisation reached £120 million. By 2022, the firm had processed over
US$200 billion in FX transactions across more than 140 currencies. Argentex
also has offices in Amsterdam, Australia, and Dubai.
“We look forward to the Argentex team joining us and working
together towards our shared ambitions in the rapidly growing global payments
and currency risk management solutions sectors,” Marwick added.
It’s a week of big news for IFX Payments 📣 We are pleased to announce we have reached an agreement in principle to acquire Argentex Group PLC. More information can be found on the link below 👇 https://t.co/3H6H0xw99Q pic.twitter.com/0DdFTaJa36
— IFX Payments (@ifxpayments) April 25, 2025
You may find it interesting at FinanceMagnates.com: Argentex
Expands Global Reach with AFSL for Currency Risk Management.
Gaining Institutional Reach
IFX Payments is an alternative banking partner. It is
seeking to expand its presence in EMEA. The proposed acquisition forms part of
its strategy to grow its services for corporates and financial institutions.
If the acquisition is completed, IFX will gain additional
regulatory coverage and access to a broader institutional client base. The deal
would also enable IFX to offer structured FX products and fund-related
services. Argentex clients will be able to use IFX’s ibanq platform and other
technical features.
This article was written by Tareq Sikder at www.financemagnates.com.
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Crude oil is trading up $0.21 or 0.32% at $63.00 on the day. For the trading week, the price is down $0.70 or -1.11%. The high price this week reached $64.83. The low price was at $61.55. Last week the price closed near $63.68.
This article was written by Greg Michalowski at www.forexlive.com.
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GBP/JPY trade closed manually after adverse market shift. Analyzing post-entry developments, alternative approaches, and lessons for future trades.
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The EURUSD pair was seen hovering near the 1.1400 region on Friday after easing slightly in the aftermath of the European session. The pair is consolidating within a narrow range between 1.1315 and 1.1391, reflecting a pause in bullish momentum while still holding ground near recent highs.
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The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six major currencies, trades on the front foot, up around 0.40% on Friday at the time of writing.
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Sector Overview
The US stock market is exhibiting varied performances across different sectors today, with some emerging as bright spots while others face challenges. The standout performer is undoubtedly the consumer cyclical sector, where Tesla (TSLA) impresses with a gain of 4.15%. This surge can be attributed to optimism in the electric vehicle market and recent strong quarterly results.
In contrast, the communication services sector witnesses notable fluctuations. Google (GOOG) rises by 1.84%, and Meta (META) experiences a 0.95% increase, reinforcing confidence in digital advertising and social media spaces.
However, the telecom sector sees a stark decline, with T-Mobile (TMUS) dropping 10.23%, likely impacted by industry-specific challenges and competitive pressures.
Market Mood and Trends
The overall market sentiment is mixed, influenced by economic indicators showing resilience in some sectors while challenging factors loom over others. Investors seem cautiously optimistic, prompted by tech giants’ strong performances amid broader economic uncertainties.
While semiconductors like Nvidia (NVDA) witness an uptick of 0.95%, indicating a recovering demand for chips, skeptics still eye potential supply chain disruptions and cost implications in the tech segment.
Strategic Recommendations
Investors should consider capitalizing on the tech sector’s positive momentum, focusing on stocks like Google and Meta, which offer promising growth avenues amidst digital transitions.
With volatility in the telecom sector, staying updated with company-specific news and broader digital policy changes is crucial. Investors might want to explore more stable sectors like consumer cyclical with Tesla’s momentum, as a hedge against shifting market dynamics.
As always, diversification remains key. By continuing to monitor real-time market developments, investors can better navigate the complexities of today’s trading landscapes. Remember to visit ForexLive.com for in-depth news and analysis on all market movements.
This article was written by Itai Levitan at www.forexlive.com.
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The Kremlin is reporting that :
We know from previous comments this week and from the Time magazine article released overnight, that Ukraine will need to cede Crimea to Russia for peace to occur. Ukraine has balked at that idea.
Pres. Trump also this week publicly scolded Russian’s Putin for continuing to bomb which seemingly is to balance the conversation.
If a ball is in play, it seems it is back in Ukraine’s court.
This article was written by Greg Michalowski at www.forexlive.com.
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The Pound Sterling (GBP) bounces back against its major peers on Friday after the release of surprisingly positive UK Retail Sales data for March.
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