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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EUR/USD trades lower around 1.1350 during North American trading hours on Friday. The major currency pair weakens due to a recovery move in the US Dollar (USD) on hopes of an improvement in trade relations between the United States (US) and China.
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While central banks are pondering how to mitigate the negative impact of trade wars by cutting rates, the Riksbank is ready to put the brakes on the monetary expansion cycle. Together with Sweden’s accelerating GDP and the flight from the US dollar, this factor is pushing the USDSEK pair down. Let’s discuss this topic and make a trading plan. Major Takeaways Sweden is the primary beneficiary of the EU’s fiscal stimulus. Stabilized inflation allows the Riksbank to end the cycle. The Swedish economy will likely accelerate to 2.3% in 2025. Short trades on the USDSEK pair can be opened with… Read full author’s opinion and review in blog of #LiteFinance
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Major Takeaways Main scenario: Consider long positions from corrections above the level of 1.3774 with a target of 1.4300 – 1.4800. A buy signal: the price holds above 1.3774. Stop Loss: below 1.3700, Take Profit: 1.4300 – 1.4800. Alternative scenario: Breakout and consolidation below the level of 1.3774 will allow the pair to continue declining to the levels of 1.3575 – 1.3427. A sell signal: the level of 1.3774 is broken to the downside. Stop Loss: above 1.3840, Take Profit: 1.3575 – 1.3427. Main Scenario Consider long positions from corrections above the level of 1.3774 with a target of 1.4300… Read full author’s opinion and review in blog of #LiteFinance
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The USD/JPY pair is expected to conclude the week on a positive note above 143.00. The pair surges to near 143.50 on Friday as the US Dollar (USD) has resumed its recovery move on hopes that United States (US) President Donald Trump is close to make deals with number of his trading partners.
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After years of speculation, Ripple has confirmed that it
will not go public in 2025. The company behind XRP has opted for a different
path. In an interview with CNBC, Ripple’s President, Monica Long, explained
that an IPO is not part of the company’s plans. She noted that Ripple is
financially strong, holding billions in cash.
Meanwhile, the XRPUSD H1 chart indicates that the price is
stuck within a horizontal range. Traders should wait for a breakout to
determine the next direction.
The IPO Talk Has Been Around for Years
Long stated that companies typically go public to raise
capital or increase visibility, but Ripple does not need either at this stage,
as reported by Coinpedia. CEO Brad Garlinghouse supported this view, confirming
that Ripple does not seek outside funding or plan to become a publicly traded
company in the near future.
💥🔥RIPPLE’S MONICA LONG JUST LIT UP CNBC WITH MASSIVE UPDATES.We have extracted every key quote you need to see from her interview — broken down for you: 👇🏻On XRP:🔹 “XRP serves a couple different roles… within the blockchain, the XRP Ledger, it’s the native asset, so you… pic.twitter.com/QGkcPHM6fB
— All Things XRP (@XRP_investing) April 25, 2025
The possibility of Ripple going public has been discussed
for several years. In 2022, Garlinghouse indicated that an IPO would be
considered once Ripple’s legal issues with the SEC were resolved. Following the
legal resolution in late 2023, Garlinghouse reiterated that going public is not
a priority for Ripple.
Ripple’s Valuation Has Shifted
Earlier this year, Ripple repurchased shares at a valuation
of $11.3 billion, down from $15 billion in 2022. The share buyback raised $285
million, increasing Ripple’s total funding to $318.5 million.
Ripple’s investors include high-profile names such as
Andreessen Horowitz, Google Ventures, and Founders Fund, signalling ongoing
confidence in the company.
💥NEWS: Ripple CEO firmly dismisses any plans for an IPO in 2025, calling it a “definitive no.””Most companies that go public do that to raise capital. We haven’t needed to raise capital.”Is $XRP enough to carry Ripple?💪 pic.twitter.com/8vsRUnqhj3
— Coin Bureau (@coinbureau) April 19, 2025
Ripple Grows Global Presence via Partnerships
Ripple recently announced the
acquisition of Hidden Road for $1.25 billion. The deal is among the largest
in the digital asset sector. With this move, Ripple becomes the first crypto
firm to own and operate a global, multi-asset prime broker. Hidden Road
provides services in clearing, prime brokerage, and financing across asset
classes, including foreign exchange, digital assets, derivatives, swaps, and
fixed income.
Ripple has also expanded its network through new
partnerships. The
company is working with Revolut and Zero Hash to strengthen its position in
the stablecoin space alongside USDT and USDC. In Portugal, it has partnered
with Unicâmbio to enable real-time payments between Portugal and Brazil using
digital assets.
In South Korea, BDACS
will use Ripple Custody to store XRP and RLUSD. Ripple expects Japanese
banks to begin using the XRP Ledger for cross-border transactions by 2025. The
company is also collaborating with Chainlink to integrate RLUSD into
Ethereum-based DeFi platforms.
This article was written by Tareq Sikder at www.financemagnates.com.
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Major Takeaways Main scenario: Consider short positions from corrections below the level of 0.8580 with a target of 0.7800 – 0.7600. A sell signal: the level of 0.8580 is broken to the downside. Stop Loss: above 0.8650, Take Profit: 0.7800 – 0.7600. Alternative scenario: Breakout and consolidation above the level of 0.8580 will allow the pair to continue rising to the levels of 0.8857 – 0.9195. A buy signal: the level of 0.8580 is broken to the upside. Stop Loss: below 0.8520, Take Profit: 0.8857 – 0.9195. Main Scenario Consider short positions from corrections below the level of 0.8580 with… Read full author’s opinion and review in blog of #LiteFinance
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Major Takeaways Main scenario: Consider short positions from corrections below the level of 72.35 with a target of 52.80 – 45.00. A sell signal: the level of 72.35 is broken to the downside. Stop Loss: above 73.40, Take Profit: 52.80 – 45.00. Alternative scenario: Breakout and consolidation above the level of 72.35 will allow the asset to continue rising to the levels of 80.70 – 87.40. A buy signal: the level of 72.35 is broken to the upside. Stop Loss: below 71.50, Take Profit: 80.70 – 87.40. Main Scenario Consider short positions from corrections below the level of 72.35 with… Read full author’s opinion and review in blog of #LiteFinance
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The GBPUSD remains within the confines of MAs after test of the 100 hour MA found wiling sellers.
Looking at the price action on the chart above, the price remains between its 200-hour moving average below at 1.32946, and it’s 100 hour moving average above at 1.3323.
The price over the last few days has seen extensions above and below those moving averages, but momentum has faded and the price action reversed.
Traders going forward will be looking for a break with further momentum in the direction of the break (i.e. taking out previous lows or previous highs). Failures will likely lead to snapback moves in the opposite direction.
This article was written by Greg Michalowski at www.forexlive.com.
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